IFPI and BMAT launch SoundSys a distribution system for performance rights revenue collection
IFPI and BMAT team up with four music licensing companies (MLCs) in Asia to launch SoundSys.
The International Federation of the Phonographic Industry (IFPI) is a non-profit organisation that helps the industry license music. IFPI are teaming up with BMAT, who identify music across TV, radio, venues and digital services. IFPI and BMAT along with four music licensing companies in Asia launch SoundSys.
“IFPI, and the respective MLCs in India, Singapore, Indonesia, and Thailand, working with BMAT, have designed, and delivered the industry’s first shared, cloud-based software that serves as a complete, cost-effective back-office distribution system for revenue collected for the broadcasting and public performance of sound recordings and karaoke videos in these countries.” Developing a shared system across the four Asian countries listed, means the societies do not have to build it themselves.
SoundSys follows the launch of repertoire data exchange service RDx. “The roll-out of both systems globally will provide a standardised, high quality recording metadata supply pipeline and data processing capability for MLCs that will significantly improve the performance rights management landscape worldwide.” IFPI plans to rollout the fully scalable shared system to other parts of the world.