David Marlin is the President and Co-Founder of MetaComet® Systems, a prominent provider of royalty automation tools. Since founding the company in 2000, David has spearheaded the development of a suite of best-in-class systems that effectively facilitate royalty processes for nearly 200 publishers. David has also served as the chair for The Book Industry Study Group’s Rights Committee and Digital Sales Committee.
Before establishing MetaComet Systems, David served as a technology consultant for renowned publishers, collaborating with notable companies such as Random House, Penguin, HarperCollins, Holtzbrinck, Macmillan, Scholastic, Time Warner, and many others. David holds both an MBA and a BA from Columbia University in New York.
A royalty advance, sometimes known as an advance against royalties, is a standard feature of author payments in book publishing. It may also be used in other media, entertainment, and licensing industries, when creators are paid for a work that is acquired and sold by a publisher, studio, distributor, or other business entity. In this Q&A, we will define the term “royalty advance” and answer other related questions.
Royalties are a crucial aspect of financial management in various industries, particularly in publishing, biotechnology, franchising, and natural resources. Here’s a detailed overview of how royalties are calculated, when they are paid, typical percentages, and related concepts.
The largest private audiobook production company in the US radically upgraded its royalty management process using MetaComet® software. By adopting Royalty Tracker™ and Sales Aggregator, John Marshall Media and Lantern Audio Distribution saved multiple days of work per quarter, eliminated errors in calculations, and streamlined the payment process.
Royalty payments are a key instrument in book publishing, biotechnology, and other industries that rely on the licensing and transfer of intellectual property. If your business is paying royalties to more than a handful of recipients in each royalty period, you may benefit from a software system that automates that process for you.
A November 21 article from The Bookseller reports on the publishing industry’s “hidden epidemic” of chaotic royalty management, payments, and communication. (Heloise Wood, “Royalties survey sparks calls for change as Society of Authors reveals ‘increased reliance on hardship grants.’”)
Authors, illustrators, inventors, and developers — these diverse types of professionals are among the many who create intellectual property and rely on royalty payments to support their work.
In royalty-based industries such as publishing, gaming, and pharmaceuticals, one of the most crucial yet complex aspects of financial management is royalty reporting. Ensuring that licensors and other stakeholders receive accurate, timely payments is essential for maintaining trust and fostering long-term relationships.
Accounting for Royalty Payments: Carrying Balances ForwardA common request from our customers is for an explanation of how balances are carried forward when accounting for royalty payments in Royalty Tracker. In this article, we’ll explore the reasons that balances...
