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Royalty accounting in the music industry is the process of calculating and distributing royalties to various right holders, such as songwriters, composers, performers, and record labels, based on the use of music.
Efficient monitoring and data collection: Music usage is continuously monitored by various sources, including streaming services, radio stations, TV networks, and venues. These sources track when and where music is played or streamed. The playlist logs need to be collected regularly to update and maintain the master data.
Right holders have the right to file for an audit of the royalty calculations and reporting of music users, collecting societies, and record labels to ensure accuracy.
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