Three of the biggest music societies have teamed up to research a new system that will manage music copyright information through the blockchain. ASCAP, the American Society for Composers, Authors and Publishers; SACEM, the Society of Authors, Composers and Publishers of Music; and PRS for Music, are collaborating to create an innovative system, according to an announcement. Robert Ashcroft, PRS...
Revelator, a cloud-based provider of sales and marketing intelligence for independent music businesses, has raised $2.5 million this week in its recent Series A funding round led by Exigent Capital.
Musicians are turning their attention to the power of blockchain as a way of generating more revenue in an industry that is experiencing a decline in shares. According to the British Phonographic Industry (BPI), 2015 saw music sales rise by 3.7% driven by the fact that streaming grew by a massive 82%; however, despite this, revenue increases only grew by a tiny 0.6%. Unsurprisingly, the music...
Empowering artists through the blockchain is something that has reached an international audience. Informing a global audience about the advantages of the blockchain far outweigh the negative publicity that it has received. In a TechCrunch interview at a Disrupt conference in London, Imogen Heap gives a detailed description of her MiMu gloves used in performances, but also a very real idea of...
Bittunes has a simple approach to how the blockchain can transform the music industry. While other music oriented startups in the field remain very focused on technology driven solutions, Bittunes wants to initially focus on the problem: the way the music industry is today. “We have tried from the beginning to keep things as simple as possible,” Bittunes managing director Simon Edhouse tells CCN...
Phil Barry believes the Ethereum blockchain can change the music industry. To him, it is “the current best system for building complex decentralised applications.” Barry might know. He consulted for Courtyard and ATC Management, leading a team working on financial analysis, media strategy and user experience for the world-first release of Thom Yorke’s solo album Tomorrow’s Modern Boxes on...
While rappers and pop artists flaunt their riches in music videos and in their songs, singer and songwriter Tatiana Moroz created her own form of money. The New York musician is the woman behind the first ever artist coin. Her forthcoming LP will be the first funded entirely in cryptocurrency form. Moroz, who graduated from Berklee College of Music, has independently released two LP’s, two EPs...
Connie Kearney is best known in the cryptocurrency space for writing articles for CCN, including his popular column highlighting Bitcoin job openings around the world, but he’s also been gaining popularity as a musical artist. Under the name YESConnie, he put up a track on sfx.io called Lost Verse 5. Coming from a background in Bitcoin technology, he opened up the track with a nod to the...