Music Reports Expands Technology Department and Successfully Completes Audit

LOS ANGELES--(BUSINESS WIRE)--Music Reports, the leading independent provider of music rights administration services in the world, announced today that the company has expanded its Information Technology (IT) Department by more than twenty percent. Also, Music Reports has taken on additional office space to place the entire IT Department in a single office space. The IT Department will be located in 10,000 additional square feet of office space adjacent to Music Reports existing 20,000 square foot facility in Woodland Hills, CA. The total number of employees at the company is now greater than 100.

“Successful completion of the rigorous SSAE 16 audit is further validation of the fact that Music Reports is the clear choice among service providers for companies whose businesses rely on the effective management of music rights with complete transparency and security.”

Doug Brainin, President and CEO of Music Reports, explained: “This expansion is happening during an exciting time for Music Reports. The number of new clients which require sophisticated music licensing and royalty accounting services continues to expand. We are increasing our IT Department’s capacity to develop applications and processes to meet the demands of this growth.”

In addition to the expansion, Music Reports also announces the successful completion of a Statement on Standards for Attestation Engagements (SSAE) No. 16 audit with respect to the internal controls which are in place for the company’s technology and other processes. The SSAE 16 audit is required of service organizations like Music Reports which perform services that affect the financial statements of public companies. As part of its infrastructure expansion in connection with the audit, Music Reports has moved its data centers to co-located facilities in Phoenix, AZ and San Francisco, CA for greater capacity, redundancy, and disaster prevention.

Music Reports believes that it is the first service provider of music rights administration services to successfully complete an SSAE 16 Audit. Brainin further commented: “Successful completion of the rigorous SSAE 16 audit is further validation of the fact that Music Reports is the clear choice among service providers for companies whose businesses rely on the effective management of music rights with complete transparency and security.”

About Music Reports

Music Reports, Inc. is the leading provider of music rights administration services in the world. The company’s proprietary systems and applications set the standard for technology in the music industry. Music Reports also maintains the largest database of music copyright information in the world, the Songdex® database. The company offers a full spectrum of music rights administration services, including: copyright research; music clearance; sales data consolidation; music usage reporting; royalty accounting; and royalty payment. Music Reports clients include the world’s largest television and radio broadcasters, digital music services, background music services, major record labels, mobile carriers and aggregators, and consumer products companies. The company’s executive management team includes leading experts in music copyright law and regulation. Music Reports is a portfolio company of ABRY Partners, one of North America’s leading private equity investment firms, which is focused on media and information services. To learn more, please visit www.musicreports.com.