LONDON, June 28 /PRNewswire/ --

- Acquisition Accelerates RoyaltyShare's Entry into European Market and
Expands Services to Include Royalty Processing for Music Publishers

RoyaltyShare, a premier provider of digital royalty solutions to the
entertainment industry, today announced the acquisition of Musicalc, a
UK-based provider of royalty accounting software for the music industry. With
the acquisition, RoyaltyShare expands its European presence, enhances its
royalty applications to serve its growing worldwide roster of record label
customers, and adds royalty processing software and services for music
publishers.

The acquisition immediately extends RoyaltyShare's business to include a
number of leading European record labels and music publishers, as well as
providing key staff to form the basis of its European operations.

As was stated when the company recently announced its Series B funding,
RoyaltyShare plans to extend its Web-based services to include support for
music publishers and music publishing administrators. With over half of its
customers being music publishers, Musicalc brings extensive expertise in this
area to support the expanded publisher-specific applications of the
RoyaltyShare platform.

"Over the past 25 years, Musicalc has established a long-standing
reputation for providing excellent software and support to help record labels
and music publishers manage the business-critical responsibilities of royalty
accounting to recording artists and songwriters," said Bob Kohn, Chairman and
CEO of RoyaltyShare. "Bringing the Musicalc team and its extensive customer
base into the RoyaltyShare portfolio will be a key step in rolling out our
expanded European operations and providing scalable, back-office IT
infrastructure to music publishers and music publishing administrators."

Formed in 1982 to develop and market PC-based software for independent
record labels and music publishing companies, Musicalc has over 100 customers
throughout Europe and the U.S., including notable record companies such as
the Beggars Group (U.K.), Skint/Loaded (U.K.), Cherry Red (U.K),
K-Tel/Dominion Entertainment (U.S.), Heccon Group/Rap-a-lot Records (U.S.)
and AMC (Belgium). Musicalc's publishing clients include Reverb Music (U.K.),
Zumsteg & Partner (Switzerland), Minder Music (U.K.), Misty Music
(Scandinavia), and 1630 Publishing (U.S.).

"As digital distribution becomes increasingly essential to the music
industry, record labels and music publishers require new technologies
optimized to support business in the digital era," said Chris Palmer, founder
and managing director of Musicalc. "We are very pleased to offer our existing
customers access to RoyaltyShare's web-based platform, and the variety of
services which RoyaltyShare offers, such as encoding and delivery of content,
meta-data management, digital revenue data aggregation and digital sales
analytics. The combination provides our customers with a full solution for
managing the complexity of the digital sales process."

Chris Palmer, previously managing director at Musicalc, and Asa Palmer,
previously director of marketing, will both join RoyaltyShare and form the
core of the company's European operation. Chris will be Director of Product
Management for Europe. Asa will become RoyaltyShare's Director of Client
Services for Europe and General Manager of Musicalc.

RoyaltyShare will maintain the current Musicalc offices in Surrey and
looks to open a London-based office to house the combined operations.
Financial terms of the acquisition were not disclosed.

About RoyaltyShare

RoyaltyShare is the worldwide leader in Web-based royalty processing and
reporting solutions for the global entertainment industry. RoyaltyShare
provides a suite of on-demand services dedicated to simplifying the
increasingly complex and necessary task of managing sales and distribution
information, calculating royalties, and generating Web-accessible royalty
records. RoyaltyShare's centralized revenue data processing solution supports
digital, physical, subscription, mobile and other sources of revenue. Its
state-of-the-art system and dedicated 24/7 royalty support team enables music
labels, distributors and publishers to accurately manage royalty reporting
obligations anytime, anywhere. For more information, please visit
http://www.royaltyshare.com.

RoyaltyShare Contact:                   Editorial Contact:
    Steven Grady                            Michael Kelly
    President, COO                          Nadel Phelan
    +1-858-458-1600 ext. 11                 +1-831-440-2403
    steve@royaltyshare.com                  michael@nadelphelan.com

Web site: http://www.royaltyshare.com