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Analyst, Catalog Artist Royalties
A little bit about the team:
The U.S. Shared Services organization is based in WMGâ€™s Center of Excellence for Shared Services in Nashville, Tennessee (the â€œCenterâ€). The Center consists of five departments: Analysis, Finance, Legal, Licensing, and Reporting. Employees of the Center provide services to all of WMGâ€™s U.S. record labels, Warner/Chappell Music Publishing, WEA Corp. and Alternative Distribution Alliance (WMGâ€™s distribution companies), and WMGâ€™s other U.S. business units.
The U.S. Shared Services Reporting Department is responsible for managing all of the reporting obligations of WMGâ€™s U.S. record labels (including those operated by the Atlantic Records, Rhino Entertainment, Warner Bros. Records, and Warner Music Nashville) to recording artists, producers, writers and publishers, labor unions, and other external payees. The Departmentâ€™s services include the following:
- Calculating and paying royalties to recording artists, producers, and other third parties
- Calculating the net profits earned by joint ventures between WMGâ€™s record labels and external parties and then paying those external parties their contractual shares of such profits;
- Calculating and paying mechanical royalties to songwriters and/or their publishers and administrators; and
- Calculating and paying monies due to labor unions pursuant to the terms of the collective bargaining agreements between such unions and the applicable WMG record labels that are signatories to those agreements.
We have transitioned to a hybrid work schedule at this time, allowing our employees to work a combination of in-office and virtual days. These work arrangements will be periodically reviewed based on business needs.
Why this could be your next big break:
Members of the Department work closely with employees in the Business Affairs, Finance, Production, Operations, New Media, and Marketing departments of each label client to fulfill the above-referenced responsibilities for the recordings and record those labels release.
The candidate hired to fill this position will be responsible for entering and maintaining record royalty rates for the applicable royalty recipient in the various record royalty systems that WMG utilizes and processing record royalty statements for the Groupâ€™s record label clients.
Here youâ€™ll get to:
- Create and maintain royalty accounts information for royalty recipients in WMGâ€™s artist royalty system, including by updating the recipientâ€™s contact information and tax identification numbers as needed;
- Review and analyze recording agreements, producer agreements and other similar agreements (and any corresponding deal summaries or deal memos) for the purpose of identifying and summarizing the applicable royalty rates, related terms and payee information for a given record or recording and then enter those terms into WMGâ€™s artist royalty system;
- Provide the Income Tracking Team in the Revenue Assurance Group with direction regarding the contractual terms to be applied to third party licensing income, to ensure that royalty recipients are paid properly with respect to third party licenses.
- Provide the Royalty Audit Team with account information related to past royalty statements.
- Link individual record products to the applicable contractual terms as they have been set-up in WMGâ€™s artist royalty system in a timely manner;
- Perform and review adjustments to existing royalty rate set-ups in WMGâ€™s artist royalty system, as needed;
- Process and review quarterly and monthly artist royalty statements to ensure the accuracy of both the royalty rates applied and the underlying earnings on which royalties are being paid;
- Ensure that artist royalty statements are issued in a timely manner;
- Work with the Legal team to resolve internal/external inquires and update vendor information.
- Assist with WMGâ€™s monthly, quarterly and annual financial close processes as needed by responding to information requests from WMGâ€™s Corporate and Royalty Finance Departments and the Finance Departments of WMGâ€™s U.S. Record Labels;
- Perform any other duties and tasks related to the Departmentâ€™s role and responsibilities that might be assigned by the Teamâ€™s senior management from time to time;
- Bachelorâ€™s degree (required).
- Candidate should possess 0 to 2 yearsâ€™ experience working in a position or positions involving the administration of artist royalties.
- Candidate should be prepared to work overtime toward the end of each quarterly royalty statement cycle; candidate should be prepared to schedule vacation days at times that will not conflict with these deadlines, so that their absences do not interfere with their ability to meet royalty statement deadlines.
It would be music to our ears if you also have:
- The ability to work well independently and as part of a team;
- Excellent verbal and written communication skills;
- Excellent analytical, mathematical and organizational skills;
- The ability to meet deadlines consistently and effectively while working under pressure;
- The ability to manage multiple assignments at any given time and prioritize them effectively and appropriately; and
- Strong computer skills, including strong data entry skills (with an emphasis on accuracy) and strong proficiency using Microsoft Officeâ€™s Excel, Word and PowerPoint applications; familiarity with Microsoft Officeâ€™s Access application is preferred, but not required.