Hachette Book Group Selects RoyaltyShare to Manage eBook Transaction Data
NEW YORK, May 18 /PRNewswire/ — Hachette Book Group (HBG), a division of Hachette Livre, the world’s second-largest book publisher, and RoyaltyShare, Inc., a leading provider of digital revenue management and reporting solutions, today announced that Hachette has chosen RoyaltyShare’s Digital Advantage(TM) for eBooks as its solution for processing eBook transactions and revenue information on a worldwide basis. Digital Advantage for eBooks, which was unveiled today, gives domestic and international book publishers a proven solution for addressing large, complex digital revenue data from dozens of eBook, downloadable audiobook, and print-on-demand retailers.
Digital Advantage for eBooks delivers substantial cost savings while increasing the accuracy and transparency of digital revenue data. The platform currently supports the revenue data feeds from over 30 digital retailers and distributors worldwide, supporting both the agency model and retail model. They include Amazon (Kindle, Audible, Create Space and AmazonMP3), Apple (iBookStore, AppStore, and iTunes), Barnes & Noble, Sony, Ingram Digital, Ingram Lightning Source, Overdrive, and others.
“Hachette is pleased to be the first publisher to adopt RoyaltyShare’s innovative service,” said David Young, CEO of Hachette Book Group. “For several years, RoyaltyShare has been providing a scalable solution to the music industry, which has already seen an explosion of digital transactions. RoyaltyShare’s solution comes at an ideal time for the book publishing industry, which is now benefiting from new revenue opportunities arising from exciting new ebook devices and emerging digital business models.”
“From our first conversation with Hachette we recognized that the company has a clear vision for the digital future of their business,” said Bob Kohn, CEO of RoyaltyShare. “We see Digital Advantage as the cornerstone of a set of services to help book publishers worldwide fully leverage the new revenue streams and sales models that are emerging. We look forward to working closely with Hachette to solve some of the most pressing challenges of selling in the digital age.”
RoyaltyShare’s Digital Advantage for eBooks builds upon the company’s years of experience serving record labels and distributors in the music industry. Prior to heading RoyaltyShare, Kohn founded eMusic.com, the first MP3 music download service. The Digital Advantage platform is currently in use by hundreds of record labels and music distributors processing billions of music downloads and streaming transactions wherever in the world they occur.
The service automates and tracks the import and normalization of revenue transaction data received from e-retailers, provides sophisticated tools for clearing transaction errors, aggregates the transactions into an output feed that can be customized for downstream royalty and ERP systems, and provides Web-based analytics to examine sales trends. The result is a highly scalable solution for book publishers now faced with processing and managing sales data from dozens, and potentially hundreds, of electronic retailers and distributors worldwide who offer eBooks, downloadable audiobooks, and print-on-demand services–whether under the agency or retail models, or emerging subscription and advertising-based services.
The RoyaltyShare services its customers from its offices in the New York, California, and London.
About Hachette Book Group
Hachette Book Group (HBG) is a leading trade publisher based in New York and a division of Hachette Livre, the second-largest publisher in the world. HBG publishes under the divisions of Little, Brown and Company, Little Brown Books for Young Readers, Grand Central Publishing, FaithWords, Center Street, Orbit, and Hachette Digital.
HBG also provides a wide range of custom distribution, fulfillment and sales services to third party publishers including Harry N. Abrams, Amazing People Club, Chronicle Books, Filipacchi Publishing, Gildan Media, Guinness World Records, Hachette UK, InnovativeKids, Marvel, Octopus Books, Oxmoor House, Peterson’s, Phaidon Press, Time Inc. Home Entertainment, and Windblown Media
RoyaltyShare, Inc. is the leading provider of global digital revenue management and reporting solutions for the music and book publishing industries. Utilizing an innovative Software-as-a-Service (SaaS) application delivery model, RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex digital sales channel. RoyaltyShare’s technology is used by hundreds companies around the world. RoyaltyShare is based in San Diego with offices in New York and London. More information on the company can be found at http://www.royaltyshare.com.
Contacts: Sophie Cottrell Hachette Book Group 212-364-1281 Sophie.email@example.com Steve Grady RoyaltyShare, Inc. 858-784-5411 firstname.lastname@example.org
SOURCE RoyaltyShare, Inc.