『Royalty Audits in the Music Industry with Cedar Boschan』のカバーアート

Royalty Audits in the Music Industry with Cedar Boschan

Royalty Audits in the Music Industry with Cedar Boschan

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 With digital technologies transforming music, protecting artists' intellectual property and ensuring fair compensation are fundamental.  In this episode of Riches and Rhythms, Tyler and Peggy are joined by Cedar Boschan, Founder of Boschan Corp. as well as a forensic accountant and expert witness. Cedar founded her company after years of experience providing international royalty audit, valuation, forensic accounting, and other consulting services at CPA firms. Cedar's years of experience and track record in IP and entertainment include serving as an expert consultant and witness in various civil litigation matters.  Cedar talks to Tyler and Peggy about royalty audits and the challenges creators face in the music industry. She explains the process and the types of damages that can be recovered. Cedar also shares her insights on the music business and emphasizes the need for creators to be aware of industry trends. Join us as we discuss:  [03:05] - Cedar's journey. [05:36] - What a royalty audit looks like. [09:37] - The role of business management in royalty audits. [12:22] - Why artists are having difficulty getting paid. [14:20] - The artists Cedar mainly works with. [17:41] - The difference between financial and royalty audits. [19:16] - The types of damages Cedar usually recovers and calculates. [22:13] - How artists can avoid royalty audits. [25:31] - Why artists should register their music. [29:44] - How Cedar's work influenced her perspective on the music industry. [31:24] - Legal challenges and copyright infringement with AI. [38:06] - Policing remixes on platforms. [41:48] - The intersection of music and investing. [45:47] - Cedar's advice for creators. Key Takeaways Royalty audits involve checking whether licensees or entertainment companies have complied with contractual provisions. Common damages in royalty audits include unpaid royalties, incorrect royalty-based claims or rate claims, unauthorized use claims, and incorrect charges or deduction claims. Creators should be mindful of industry trends and focus on genres or platforms that are experiencing growth. Quotes [12:56] - "Most of the findings we have in a royalty audit aren't simple calculation errors. Although they can be, they are often more related to contractual interpretation or lack thereof." ~ Cedar Boschan [13:44] - "There is a misalignment, especially in newer industries like the video game industry, between the terms of the contract and the available information that the finance team or whoever's charged with preparing their royalty statements has." ~ Cedar Boschan [29:54] - "There isn't a silver technological bullet to solving all of the royalty problems that exist." ~ Cedar Boschan Links  Cedar Boschan on LinkedIn Cedar Boschan on Twitter Boschan Corp. Royalty Audits | Hurewitz and Company Mechanical Licensing Collective Bern Convention Larry Mills Hipgnosis Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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