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Music! The music industry is facing huge challenges. One of its biggest challenges is the huge drop of music sales in their traditional business model. Businesses (pubs, discos, stores, parking, hotels and many more) depend on music to add value to its core activities. Legal acquisition of music is not...
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Thursday,
February
23,
2012
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Music!

The music industry is facing huge challenges. One of its biggest challenges is the huge drop of music sales in their traditional business model. Businesses (pubs, discos, stores, parking, hotels and many more) depend on music to add value to its core activities. Legal acquisition of music is not enough for these businesses, requiring a specific music license for public execution that needs to be acquired separately. Collective rights societies sell those licenses, for the repertoire they represent, to businesses and collect and distribute the rights to the rights holders (artists, authors and producers). The public music execution licenses are increasing, while the traditional music sales market is decreasing. The current problem is that these collective rights societies cannot hear. They do not have an accurate way to know which music is used by businesses and consequently this affects the way they distribute the rights. Until now!

NetMuST has created a web-based integrated platform, in a SaaS model, that integrates the entire music value-chain, offering support for artists, authors, producers, collective rights societies and music business users. Our solution uses automatic audio identification technology to allow rights collecting societies to be able to be aware of the music that is being used by its customers and to distribute the appropriate rights to the rights holders of the repertoire they represent. Our solution offer the necessary means for collective rights societies operate in a more fair and transparent manner, in the way they manage, collect and distribute rights. NetMuST will enable collective rights societies to commercialize a new and integrated product where music and the license to publicly execute it will be bounded.