As the COVID-19 outbreak continues to disturb the world economy, emerging music artists are among the most financially affected. With tours being canceled so that ticket sales are no longer bringing in revenue and with both labels and independent artists feeling the pressure to push back album release dates in a tanking market, musicians everywhere are feeling their livelihoods threatened.
In response to this crisis, BMAT, the music innovators with a mission to index all music usage and ownership data, have just announced the global rollout of an educational initiative aimed to help independent artists prepare for the tough times ahead and maximize earnings while remaining safe and maintaining the call for social distancing. Continue reading BMAT Debuts Initiative to Help Music Creators to Maximize Royalties in Response to COVID-19
For decades, the music business’ information pipelines ran underground, unseen and rarely disturbed. The digital era exposed them, while ushering in new technologies that can change things. “The system is a complicated pipeline. Everyone wants to keep the data flowing,” explains BMAT co-founder and CEO Àlex Loscos. “We see lots of progress, and we think there is a lot more we can do together as an industry.”
Drawing on its founders’ origins in a university music technology lab in Barcelona, BMAT has used technology to solve a deep-seated problem of industry culture, getting data to flow unobstructed between all players and parties in the music business, making data transparency accessible to everyone. Continue reading BMAT’s Technologies Ushering in a New Age of Music Industry Transparency
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. Continue reading New Project From Teosto, Revelator, and BMAT Focused on Faster Payments for Music Rights Holders