An Intelligent Big Data Analytics And Audit System That Increases Songwriter/Publisher Royalty Collection
Digital rights agency Audiam, which represents over 1.2 million copyrights and collects royalties from the world’s music streaming services, has launched Omega: an intelligent audit system that collects, generates, and analyzes vast amounts of data about its client’s songs and how their songs earn money. Omega flags errors, conflicts, lack of payments, wrong split amounts and more. Audiam uses the data to correct errors and increase revenue while also ensuring the money owed does not end up in the newly created MMA black box where it is eligible to be given to others.
The Omega system comes after the earlier launch of Audiam’s business intelligence system Layla. Layla offers songwriters and publisher business intelligence about their music assets. It provides additional insights to more deeply understand how songs are being used and what they are being paid for.
Omega identifies the problems that stop the client from getting paid in the first place. As the problems are resolved, the new data and incremental payments funnel into the Layla system for the songwriter/publisher to view and further understand.
Says Audiam CEO Jeff Price, “As the world switches to on-demand streaming to listen to music the amount of data needed to be processed and analyzed by the music industry grows exponentially. As a simple reference point, it used to be selling one million copies of something in a year was a lot. Now every month, there are millions of lines of information coming back from music services indicating how many times one single song was streamed, and the volume of this information is increasing with the consumer shift to streaming.”
“The Omega system was architected by David Willen, Audiam Co-founder and CTO, and one of the world’s leading big data engineers. Omega analyzes each line of information in every statement sent to Audiam to confirm accuracy. It identifies the problems of missing payments, wrong payments, unpaid royalties for compositions and sound recordings, late payments and more. The end result for the Audiam client is typically a 15% – 25% increase on royalty collection and increased market share.”
The news follows the recent announcement that Audiam has named Jamie Purpora to Chief Operation Officer/President Copyright and Royalty Administration. Based in Audiam’s newly established office in Burbank, CA, Purpora previously served as TuneCore’s President Music Publishing and served 17 years at Bug Music where he was Senior Vice President of Administration.
Audiam is US based Reproduction Rights collection Agency for the United States and Canada. It works for music publishers and songwriters to exclusively license their songs and collect and distribute royalties generated from US and Canadian interactive streaming digital services such as Spotify, Apple Music, Google Play and more.
Audiam exclusively represents and/or works for the music publishing catalogs of Bob Dylan, Metallica, Jason Mraz, Red Hot Chili Peppers, Jimmy Buffet, Round Hill/Carlin Music Publishing, SCAM, SYCO, Third Side Music Publishing, Clear Box Rights, Rough Trade Music Publishing, Songwriters Guild of America, Epitaph, and Sumerian and thousands more.
Audiam has been in operation in the U.S. for seven years. It was created and funded in part by a consortium of artists and songwriters (Jason Mraz, Jimmy Buffet, Metallica, Red Hot Chili Peppers); music business management firms (GSO Business Group, Provident Financial management); music managers (Q Prime); labels (Victory Records), David Willen, CTO and former CTO at TuneCore and Jeff Price, Founder and former CEO of TuneCore.
Audiam was acquired by SOCAN, the Canadian Performing Rights Organization in July, 2016.
Publishers and rights holders interested in working with Audiam should contact: email@example.com