Jun 24, 2021
Introducing the Breaker Royalty Management Platform
Breaker, a part of the SingularDTV ecosystem, is announcing its blockchain royalty management platform built for creators, enterprises and IP rights holders.
Breaker, founded by SingularDTV, is introducing its media royalty management platform for creators and enterprise companies with a private beta coming in the fall of 2021. This B2B blockchain product will allow creators and other IP rights holders to streamline and optimize their revenue streams and reporting.
This revolutionary new product will be spun-off from SingularDTV into its own company. It is intended for SNGLS token holders to own a portion of this company and/or be beneficiaries of the profit generated from this new company. More details on this to come.
The Problem
Today, media royalty management suffers from a lack of transparency — in part because most creators and organizations can only access outdated technology.
According to estimates from industry sources, 2–7% of license fee revenues are never remitted to the owner, resulting in billions of dollars in lost revenue. As streaming networks become more complex and offer more content to hungry consumers (Americans alone watch at least 15 hours of streamed video content per week), even more money is likely to be lost.
But royalty management is not just about licensing fees. There is also a lack of data and oversight. Money leaks occur because creators can’t identify or keep track of distributor data. There’s just too much information out there, and with the lack of visibility, it’s difficult for IP owners to maintain control over their products. As a result, rights holders often have to accept “honor system” reporting for their payments or incur significant costs to audit their distributors.
The good news is that finally the technology has largely caught up with the industry.
To further democratize royalty management for intellectual property through blockchain technology, Breaker has introduced its innovative royalty management gateway as a software as a service platform.
Built on Success: Breaker’s Blockchain Royalty Management History
Through developing tools that leverage web3, blockchain, and tokenization, Breaker seeks to empower IP owners and foster a more transparent and sustainable royalty ecosystem.
Furthering the mission of SingularDTV and integrating key developments in the web3 space over the past several years, Breaker’s new platform is the next evolution of high-quality blockchain products for IP owners.
The company first became a pioneer in Smart Contracts for royalty and licensing disbursements in 2017 when they developed the first Ethereum API and the first-ever successful multi-smart contract system. In 2018, the company released Tokit, a tool that enabled creators for the first time to easily tokenize their IP.
Anyone who has experimented with tokenizing assets knows, creating the token and smart contract is only the first piece of the puzzle.
So, in early 2019, Breaker released its decentralized Video-On-Demand platform, employing tokenomics and smart contracts so royalties are automatically dispersed to rights holders whenever someone transacts on a piece of their content. Breaker On-Demand closed the loop and created an on-ramp where creators could monetize their content and get paid in fiat, then have the revenue converted to Ether and distributed to their token holders’ wallets.
In other words, Breaker On-Demand tokenized thousands of assets and managed royalty distribution to creators all over the world.
However, the company quickly saw the limitations of the On-Demand platform. The fiat-crypto on-ramp that is essential to harnessing the benefits of tokenization was limited to revenue generated from audiences purchasing or renting content on the Breaker platform.
In today’s media and entertainment landscape, if a creator wants to reach a broad audience it is essential for creators to have the freedom to monetize their content via the myriad of different platforms and distributors. Breaker On-Demand was just one piece of the larger content distribution ecosystem. This is where the inspiration for Breaker’s new platform emerged.
Now, with their upcoming Royalty Management Platform, Breaker is offering IP holders a full suite of features to take control of their product licenses and data by being able to collect revenue from any source, platform, or distributor around the world.
Regain Control with Breaker’s Extensive Royalty and Rights Features
What does a Royalty Management Platform entail?
To avoid expensive errors in payments, slow royalty disbursement, and inaccurate data, Breaker built its new royalty platform on the Ethereum blockchain. With its core features, available in the private beta, IP owners will be able to regain control and visibility of their creative products — resulting in lower costs, higher revenue, and more accurate data for better decision-making.
Essential key features of the new blockchain royalty management platform include:
- Streamlined onboarding
- Custom royalty models per asset via smart contracts
- Recoupable expense options
- One-click deployment
- Receive fiat payments
- Automatic fiat to stable coin conversions
- Transparent and automatic reporting
Let’s also break down some of the key features of the platform and what you can expect:
Simple Account Setup and Management
Once you have created an account, payment setup is just as easy:
- You will need to create or connect a web3 wallet. Starting out, our platform links with Metamask, SingularDTV’s Lightwallet, Wallet Connect, WalletLink, and Ledger.
- Next, you’ll create your asset. To add your asset to our database, you just need a Name, its category, and ID.
- You will then assign a royalty model to the asset.
- Finally, you’ll deploy your token.
Once your token is deployed, you can collect funds in fiat via ACH.
Create Custom New Royalty Models Per Asset
Each film, episode, album, or song has a unique ownership model that defines who is owed what percentage of that asset’s revenue. Producers, Studios, and Creators will be able to easily create a new royalty model or assign an existing template royalty model to an asset and assign percentages to different participants.
Royalty Model = Smart Contract
As we mentioned before, this is all done via a Smart Contract that will trigger automatically once deployed. But our platform is code-free. All you need is your terms and the addresses of the royalty recipients.
Add Recoupable Expenses, MGs, and Negative Costs
Our Royalty Models also allow for the “recoupment” of funds. In other words, you can distribute funds for separate addresses that are independent of token holders. This is a feature for payments to investors or licensors.
The Investors or Distributors are able to set a fixed threshold amount that is recouped before any remaining funds are sent to token holders. Users can also opt to set a percentage fee that is sent to the distributor or investor.
One-Click Deployment
The last step required to tokenize an asset is deploying the asset and royalty model to the blockchain. Clicking deploys will mint the asset’s ERC-20 tokens. When the asset and royalty model has been deployed the Participants entered during the creation of the royalty model will receive their share of the asset’s tokens in their wallet.
Instantly Collect Fiat, Convert to USDC
The Breaker platform will be able to adapt to any asset and collect revenue from any source. In addition, payment processing is automatic.
To accomplish this, Breaker has built a fiat on-ramp for payment collection via ACH. The fiat currency is then automatically converted to the Stable Coin, USDC. Each asset is assigned a unique payment link that can be shared with licensors. Upon receiving the link, Licensors can process payment to the User’s wallet through Circle’s payment processing integration. Payments can include a description of each line item and an attachment so any additional documentation or reports can accompany the payment.
Claim Royalties and Payments
Users who have a share of an asset’s tokens in their wallet can then claim their share of the royalties that have been sent to all of the Participants for a specific asset.
The royalties will be deposited into their wallet via USDC and from there the user is free to manage their USDC however they see fit.
Transparent Reporting and Data Collection
Breaker offers a clear and transparent view of the current balance for each asset. The Balance represents the difference between payments received and any deployed expenses or threshold recoupment amounts.
Since the entire platform is powered by blockchain technology, every transaction is logged and unchangeable. And as we mentioned before, all Licensors receive documentation after payment This feature means that not only can you track all of your transactions, but there is a clear audit trail.
Want to learn more? Become an Early Adopter
Currently, Breaker will launch its private beta in the fall of 2021.
This beta will allow the team to further refine and enhance their product based on the needs of various creators and IP owners. At the same time, you will be able to take advantage of the core features and begin tokenizing asset and collecting royalties immediately.
Want to be first in line to use the Breaker Royalty Management platform?
You can sign up for the private beta at Tools.Breaker.io.
