Every single day of every single month in a quarter we are liaising with partners that we work with. Partners such as Spotify, Beatport, Amazon, YouTube, and more are in constant communication with us.
With that said, each every partner not only reports at different times but, they report in different formats and in many different currencies.
At Symphonic, we gather all of these reports into one standard format; ensure accuracy; match each royalty to your releases, songs, music videos, and other types of content; and calculate your earnings in accordance with your current distribution agreement.
After gathering, processing, and calculating each statement from each partner, we also must wait to actually receive the funds from the partner before we can post the earnings to your account. Therefore, even though we report monthly, the funds may have not arrived just yet from certain partners and thus the those partner statements may be delayed until the following month. We encourage you to review our Report Notices, which correspond with monthly royalty report.
In summary:
-We receive statements from partners monthly, in a wide variety of formats
-We verify for accuracy and consolidate into a standardized format
-We then upload to your SymphonicMS account where you can see your earnings and claim your payments, in accordance with our Monthly Reporting & Payment Schedule.
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