LOS GATOS, Calif.--(BUSINESS WIRE)--BMAT Music Innovators will team with Audible Magic to deliver a world-class rights and royalty administration service to Digital Service Providers (DSPs). Music licensing is quickly evolving with the rapid technological advancements in social media, fitness, gaming, podcasts, live streaming, NFT platforms, and other Web 3.0 applications. Rights administration vendors need to keep pace with the ever-changing needs of these emerging DSPs. The partnership between BMAT and Audible Magic combines the industry-leading capabilities of both companies in content recognition, content fulfillment, data matching, royalty and claims reconciliation, machine learning, and copyright expertise.
The administration of music licenses worldwide requires scalable and flexible technology solutions combined with a global view of music rights to ensure DSPs and rightsholders can effectively work together to deliver outstanding music experiences around the world. This partnership lets users listen to the music they want and how they want it while artists, songwriters, and other rights holders are correctly paid.
BMAT works with all industry players to amplify the value of music, including over 100 Collective Management Organizations (CMOs) and Performance Rights Organizations (PROs) across 124 countries. As part of its mission to index all music usage and ownership data, BMAT facilitates a thriving relationship between DSPs and CMOs, at both operational and business levels. By bringing their technical expertise into play, they enable the automation of metadata-complete music reports from over 40 DSPs worldwide.
"We're delighted to partner with Audible Magic to support and enhance the processes behind music usage for various platforms. Their turnkey services of music delivery and identification, as well as relationships with record labels combined with our understanding and associations with publishers, CMOs, and PROs will enable platforms to better manage music licenses and reputation within the creators' community," said Jakue López Armendáriz, VP of Digital at BMAT.
"This partnership will be a net positive for both music creators and businesses since it'll make it much easier for new platforms to include music in their services while ensuring that creators get paid accurately and fairly," said Dani Balcells, BMAT's Regional Manager for North America.
Audible Magic, known for its Emmy award-winning automated content recognition services, has added the world’s most extensive music catalog in the last year consisting of over 100 million tracks, music fulfillment, and rights administration to its capabilities. Platforms that provide music-based experiences, whether it is user-generated content (UGC) on social media or virtual experiences in the metaverse, can engage one vendor, Audible Magic, to help power those experiences to end-users no matter their location.
“I am excited that we have found such a complementary partner in BMAT. Managing music rights requires different approaches from territory to territory. The partnership combines our strengths to bring creative music delivery and licensing models to the market,” said Vance Ikezoye, President and CEO of Audible Magic. “BMAT’s capabilities are a key part of Audible Magic’s ability to provide platforms with a single point of contact to use music in territories worldwide seamlessly.”
About Audible Magic
For more than 20 years, Audible Magic has innovated solutions to identify content, provide fulfillment solutions, manage rights, and monetize media. Audible Magic’s Emmy-winning automatic content recognition (ACR) technology powers billions of monthly transactions. The Silicon Valley pioneer is the trusted intermediary between major platforms and rights holders (including labels, studios, distributors, publishers, and collectives). For more information, visit https://www.audiblemagic.com/.
About BMAT Music Innovators
BMAT is a music innovation company with a mission to index all music usage and ownership data. They help all different companies in the music industry better their data operations to make sure artists get paid for their plays. Every day BMAT delivers 27 billion matches and 80 million identifications to CMOs, publishers, record labels, broadcasters, and DSPs globally.
Driven by machine learning and copyright expertise, BMAT’s Music Operating System pumps neutral data and authoritative knowledge to everyone along the chain. Everyone who makes or uses music can plug in to ease operations, increase earnings, and get in sync with everyone else.