Dreamchain Foundation Debuts Music Streaming Service Built on End-to-End Blockchain Platform

The Dreamchain Foundation announced today that its combined Dreamchain/Dreamstream Testnet has successfully been deployed and is securely streaming songs through the Dreamcoin Music app. Dreamchain Testnet is capable of registering one million end-to-end digital rights management (DRM) song transactions every 24 hours. Music industry participants can learn more by visiting www.GetOntheChain.org.

“We envision a world that is united and healed through the collaboration, proliferation and consumption of independent creative works,” said Mike Rubin, Founder of the Dreamchain Foundation. “By utilizing the blockchain’s immutable ledger and decentralized consensus ability combined with cryptocurrency’s ability to create new economic models, we can finally remove powerful authorities that for too long have either censored creativity or controlled the economic returns for creators, preventing many artists from realizing their dreams.”

Music Audience Exchange Unveils MAX Artist Matching Engine

Music Audience Exchange today unveiled its MAX Artist Matching Engine, the result of a three year project from a team of engineers and data scientists. The Artist Matching Engine is powered by a novel data model that uses neural networks to map music tastes onto the demographic, psychographic, geographic, and behavioral attributes of music audiences.

Driven by a wealth of first party and aggregated data, this system combines a proprietary genre taxonomy with analysis of streaming, social media and live show data to gain insight into the fan bases of over 1.8 million artists worldwide. Brands are now using these insights to reach millions of music fans through immersive music programs.

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.

Dubset Forms Strategic Relationship with HFA’s Rumblefish to Unlock Royalties for DJ Mixes, Remixes

Dubset Media announced today its strategic relationship with HFA’s Rumblefish, the best-in-class music licensing and administration company, that will, for the first time, enable the registration and tracking of mechanical royalties for DJ mixes and remixes. The arrangement enables a turnkey royalty payment system between the music publishers that license DJ mixes and the digital music services that generate royalties for their use of this content through the use of Rumblefish’s infrastructure.

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.

The Agony and Ecstasy of Building an Online Music Business

The music industry is booming for the first time in nearly two decades, entirely because of streaming. In 2016 the music industry’s revenues hit $115.7 billion and are projected to keep rising, in large part because of the 100 million people globally paying for a subscription service. The internet has come full circle and is now the music industry’s silver bullet.

So why is it so damn hard to build a successful online music business?

Read Article: Vulture

Songtradr Expands Footprint into UK with Milamber Ventures PLC Partnership

 Songtradr announced today a long-term partnership with Milamber Ventures PLC to establish essential business development and territorial expansion of Songtradr in the UK. This partnership with Milamber Ventures PLC expands Songtradr’s presence to a key market where commercial music licensing is a highly fragmented industry for European based brands, filmmakers and advertising agencies. The focus will be on sales, marketing and content acquisition.

Spotify, AXS Partner To Deliver Personalized Event Recommendations

AXS and Spotify have announced a global partnership where music listeners will get personalized recommendations for live events in their area through the tens of thousands of live events AXS tickets annually.

The more than 100 million active Spotify users will be able to buy AXS tickets through the Spotify desktop or mobile app. Personalized event recommendations of AXS events will be based on listening behavior, artist preferences, user location and will be delivered to the listener in multiple ways.

SoundExchange Acquires Canadian Musical Reproduction Rights Agency

SoundExchange today announced that it has acquired the Canadian Musical Reproduction Rights Agency Ltd. (CMRRA), a music licensing collective representing the vast majority of songs recorded, sold and broadcast in Canada on behalf of music publishers. The move is a dramatic development for the global music industry and represents SoundExchange’s first expansion into the collective management of music publishing rights.

This transaction will allow the expanded organization to service an enormous cross section of Anglo-American sound recordings and music publishing repertoire. The acquisition will provide SoundExchange a unique opportunity to offer a broad and comprehensive range of services to rights holders in both sound recordings and music publishing and music users alike across North America.

Arena Music, the First Artist Friendly Streaming Platform, Now Pays Royalties in Bitcoin

Arena Music has announced that it will begin offering royalty payouts for music streamed through the Arena platform in Bitcoin worldwide starting in June. The company has been testing the digital currency in Phoenix and Atlanta over the last 6 months. In March, Bitcoin reached parity with gold for the first time since its inception. It’s been deemed the “most exciting monetary experiment in modern times.”

The company is an on-demand merchandising storefront that leverages a free streaming service to help artists monetize their content in an industry where consumers no longer buy music to own. By using the music as a loss leader, Arena helps artists and labels redirect consumer attention to exclusive merchandise offerings.

Offering payouts in the popular cryptocurrency highlights the company’s forward-thinking approach and alliance with independent content creators by offering them compensation with another form of capital or investment–one that can never be offered by any subscription-based streaming platform.

Nurturing the Creation of Music through the Blockchain

According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).

Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.

To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.

Read Article: Bitcoin Magazine

All The Best Music Streaming News

Platform & Stream is a hand–curated newsletter for everything important in music streaming. Delivered to your inbox every weekday morning.

• Stay up to date on new innovations in streaming technology, music monetization, and digital music distribution.
• Check out the latest streaming music platforms and music-tech startups.
• Keep up with important stories on music data and listener behavior, music licensing and copyright, and how Blockchain technology could revolutionize music streaming.
• Get all the details on the impact of streaming on the music industry.

CLICK HERE: Sign-Up Today!