Tracklib Debuts, Enables Music Creators to Discover, Sample, License Original Recordings

Today marks the global launch of Tracklib, the world’s first and only music service that enables music creators to discover, sample and license original recordings.

The origin of music sampling dates back decades and has steadily gained popularity throughout the years with sample-based songs frequently sitting atop the Billboard Hot 100 charts and out-performing the songs they’ve sampled. In many cases the samples are not legally cleared, often leading to major lawsuits like the infamous Robin Thicke/ Pharrell “Blurred Lines” dispute. This can be attributed to the complicated, slow and expensive process of legally sampling a piece of music.

Tracklib has simplified the process of sampling music and now for the first time in music history, music can be licensed legally and affordably in minutes – directly on Tracklib.com.

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Rightsify Provides a New Way for Businesses to License and Play Music

Rightsify is providing a new way for businesses to license and play music. Rightsify helps businesses save money on music while providing them with custom and expertly designed playlists for their brand, all while ensuring that artists get paid every time their music is played.

Traditionally, the way businesses license music has come from collection societies/performing rights organizations (PROs) or background music service providers. Rightsify is simplifying this by providing businesses with a one-stop license and expertly curated music service so they can save money and be sure that they don’t have to pay any additional third-parties.

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SOCAN First to Use Cloud-Based Technology for Real-time Electronic Music Royalty Tracking

SOCAN today announced it has partnered with Pioneer DJ Corporation of Japan to become the first music rights organization in North America to use direct metadata extraction technology, KUVO, to identify electronic dance music performances automatically and seamlessly in nightclubs and other electronic music venues.

The Pioneer-KUVO device is being provided voluntarily to nightclubs, beginning with the Toronto area, as an additional aspect of their SOCAN music license agreement. Once installed, the KUVO device easily plugs into a DJ’s mixing board, capturing metadata from the music, which is then collected and relayed to SOCAN to tabulate and distribute royalties more accurately to the copyright holders of the music.

Simply put, KUVO helps to ensure that the correct owners of music used in nightclubs are compensated accurately from the music licenses already being paid. There are no additional costs, expectations or maintenance required from electronic music venues that voluntarily adopt the easily-installed system.

“For years we’ve been dissatisfied with the system in place, knowing that not all licenses we pay are getting in to the hands of artists behind the music played in our venues and at our events,” said Joel Smye, owner of CODA nightclub in downtown Toronto, one of the largest and most successful electronic music venues in Canada and the first to adopt the technology. “Now, through technology, the use of a simple device will ensure that the music licenses that we pay and have always paid will go to the right people.”

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The Future of Smart Contracts in the Music Industry

What if we could replace antiquated physical contracts execution to fit with the new digital music age and real-time commerce? Well, today we can, and the technology is known as smart contracts. Just as the blockchain has emerged to claim its place as the up and coming financial instrument of the future, smart contracts have become an equally hot topic.

Electronic contracts, or smart contracts, between labels, distributors, and artists, can reshape the industry to ensure transaction and payment efficiency as well as increased transparency. Smart contracts are primarily a computer program whereby all parties can agree to the contract electronically, and it can also be enforced electronically.

This can be achieved through the introduction of blockchain technology. In the case of an executed smart contract, the blockchain would keep track of the ownership rights ensuring that the proper parties are paid in accordance with their smart contact. The more sophisticated the code, the more automated, self-executing, and “smarter” the contract.

Read Article: DataArt

Digimarc Highlights How Watermarking Can Improve Rights, Royalty Management for the Music Industry

Digimarc today released a white paper titled, “Watermarking Technology and Blockchains in the Music Industry,” outlining how blockchain technology, when coupled with digital audio watermarks such as Digimarc Barcode, can help overcome many of the current challenges in rights management and royalty transaction processing in the digital music industry. The combination of technologies can help ensure that artists, content creators and rights holders can be compensated appropriately for their work.

Long-time expert on digital rights and content management technologies, Bill Rosenblatt, authored the paper.

No other business is feeling the pain of copyright issues and royalty accounting challenges quite like the music industry. Recent studies have estimated that between 20-50% of royalties owed by digital music services to rights holders are not paid out correctly, amounting to hundreds of millions of dollars in misallocated or unpaid revenue worldwide. The most fundamental problem in countering this revenue loss has been the lack of authoritative, accessible sources of data about music copyright information, including owners of rights and license terms.

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Owner of Wolfgang’s Vault in Legal Battle Over Streaming Rights

A music archive regarded as one of the most important collections from the golden age of rock – thousands of tapes and videos featuring such artists as Pink Floyd, the Rolling Stones, the Grateful Dead, Led Zeppelin, Jimi Hendrix and Fleetwood Mac – is at the centre of a legal dispute in which Keith Richards and Pete Townshend could be called to testify in a Manhattan courtroom.

The dispute focuses on Wolfgang’s Vault, a concert-streaming service and memorabilia marketplace that owns the archives of Bill Graham, a rock promoter without whom the 60s music scene in San Francisco and New York might have looked very different.

Read Article: The Guardian

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