Synchtank Unveils IRIS, a Royalty Accounting and Valuation Platform

Synchtank is unveiling its latest platform to its software suite, IRIS. It promises to change the game of royalty accounting and unlock real value for rights holders and rights administrators—and for anyone considering investing in publishing.

IRIS (International Repertoire Information System) can transform tedious, time-sucking tasks that can take days into the work of mere hours, increasing efficiencies and reducing costs. IRIS helps organisations devote more time to value-add tasks than reports and repetitive data inputting. It’s the kind of large-scale, secure, smart innovation the industry expects from a media and music enterprise software platform that counts many of the biggest media conglomerates in the world as clients.

The system was originally developed by global independent music publisher, peermusic.

Bandpay Set for March 2020 Debut; Milestone-based Payment Platform Guarantees Trust Between Collaborators

A singer with a vision for a new single is looking for a producer. She asks around, finds a guy who’s a friend of a friend and sounds promising. They come to terms, she pays him–only to get ghosted. She’s got no track, and now she has to raise money from scratch, doubling the cost of the single.

This story and its like happen regularly to artists, managers, and other music professionals. “A shared scene or network implies trust, but that trust is too often broken, either explicitly or due to misunderstandings,” says DeCarlos Garrison, a music business veteran and serial tech entrepreneur. “I’ve experienced this problem first hand. We knew there was a way to solve it.”

The solution is Bandpay, a fully customizable payment platform that allows two parties to establish milestones in a project, assign payments to each milestone, and guarantee that funds are available to complete a transaction.

Synchtank Brings Powerful Solutions to Large Companies Grappling with Metadata, Royalties, Asset Management

Rights holders with large catalogs of entertainment assets face the daunting prospect of asset management, revenue maximization, and collecting fully on royalties, often measured in penny fractions. The scale is huge, the data messy, the payments complex.

Rights users, on the other hand, face enormous compliance challenges when licensing content for use in production. Challenges that are further exacerbated by the ever-growing content landscape and the sheer volume of licenses required, pushing many major systems to breaking point. Synchtank has spent the past decade creating cloud-based software to tackle the specific needs of entertainment companies, untangling the threads of metadata and money.

New Project From Teosto, Revelator, and BMAT Focused on Faster Payments for Music Rights Holders

In an industry-first partnership, Revelator, BMAT, and Teosto, have demonstrated a new standard for paying rights holders (songwriters and music publishers) faster by processing near real-time monitoring of BMAT radio performance royalties in conjunction with Teosto’s proprietary data set and using Revelator’s Data Management Platform & Original Works’ smart contract-powered Artist Wallet.

Avid Brings Music Distribution to a Quarter Million Avid Link App Users

Avid has introduced AvidPlay, a new music distribution service for its Avid Link app that enables artists, producers and music labels to easily and affordably get their music heard on the world’s most popular streaming services.

With AvidPlay, artists can distribute their music tracks and albums to hundreds of streaming services worldwide, including Spotify, Pandora, Google Play Music, Amazon Music, NetEase, Gaana, Anghami, Deezer, iHeartRadio, and many more, and keep 100 percent of the rights and earnings.

Revelator Launches Digital Wallet App for Artists, Music Makers

Revelator, a leader in multi-territorial rights administration, has launched Artist Wallet, a mobile copyright application powered by smart contracts technology.

With Artist Wallet, Revelator enables faster, more efficient payment advances to artists and music makers, by turning future receivables into instant royalty payments. When a song is streamed online or played on the radio, rights holders are notified directly on their mobile device, and can safely access and cash out their royalties in the Wallet whenever they want.

Pandora Selects OpenText’s Digital Asset Management Platform for Streaming Advertising

OpenText announced Pandora selected OpenText Media Management as the asset storage and management application for its audio and display advertising.

Powered by the Music Genome Project, Pandora delivers its users personalized music that continually evolves with their tastes. An important element of this customization is an intelligent media strategy. Providing advertisers with an engaging, targeted, scalable platform is an integral part of Pandora’s business strategy.