Audible Magic Acquires Rights Administration Business MediaNet from SOCAN - Music Business Worldwide
Digital content identification, licensing, and monetization platform Audible Magic is acquiring content fulfillment and rights administration business MediaNet from Canadian performing rights organization, SOCAN.
SOCAN and Audible Magic have also announced they have entered into a strategic partnership with the goal to use Audible Magic technology and services to help SOCAN improve operational accuracy and reporting to publishers and songwriters.
Read the full article by Music Business Worldwide here.
Music-Related User Generated Content Could Be Worth $6BN Over The Next Two Years (Report) - Music Business Worldwide
User-generated content could be worth around $6 billion to the music industry over the next two years.
That’s according to a new white paper published by London-based MIDiA Research, in partnership with Audible Magic, entitled The Rising Power of UGC, which examines “the rising power of UGC and the untapped opportunity to monetise the growth in UGC consumer behaviours and new platforms."
Read the full article by Music Business Worldwide here.