Baseware Distribution is a now former Music Distribution company similar to us that was ran by Beatport. Due to restructuring at Beatport, the company was closed and subsequently many record labels were left without a home. Symphonic and other distributors stepped in to take over any accounts previously repped by Baseware to ensure that their music would continue to be distributed.
Royalties prior to transferring from Baseware
As per Beatport: The labels that were on Baseware will receive one final payment (at the end of July 2016) for their remaining Baseware royalties up until they switched over. The payment will be sent to the bank details that Beatport has on file from the time that they were with Baseware. Further, any royalties earned from the date of transferred will be paid according to our quarterly schedule and procedures. More on that here.