FOR THE FIRST TIME, OWNERSHIP OF MUSIC RIGHTS & ROYALTIES CAN BE BOUGHT, SOLD, TRADED, & TRANSFERRED INSTANTLY
Introducing Audio Exchange, a digital platform designed for producers, songwriters, composers, singers, rappers, poets, record labels, recording studios, managers, venues, and now even music collectors to set, verify, and exchange audio ownership instantly using blockchain technology.
How does Audio Exchange work?
Audio Exchange gives the audio owner a new, DIGITAL way to add value to their music, poetry, instrumentals, acapellas, songs, and more in a matter of minutes by leveraging blockchain technology.
“Now anyone can buy, sell, trade, or transfer ownership of that hit song or audio track.”
Up until now, ownership of rights and royalties have been assigned and registered manually. It started by filling out a form by hand, passing it around to all parties involved (admittedly quicker now thanks to email), and then submitting it to a Performance Rights Organization (PRO) using good old-fashioned snail mail.
Audio Exchange brings music ownership up to speed. No more handwritten forms. No more hoping your fellow collaborators (or those exposed along the way) don’t steal your social security number. No more wondering if your form has been processed yet. NO MORE WAITING.
PROs are meticulous at regulating when and where audio has been played and distributing due payment(s). But payouts are only calculated quarterly, with payment sent six to seven months after that by…you guessed it…snail mail. Who wants to wait that long?
“Instead of waiting for PROs to figure out it got played, you already got paid!”
Audio Exchange lets the audio owner not only establish proof of ownership, but also set the value for the right to play a song under any of the four types of licenses. Even better, get paid as soon as that right is purchased. No middle man.
Same goes for royalties. Instead of waiting for them to trickle in dime by dime, the audio owner can sell a percentage for whatever value they decide it’s worth on the market. Once again, instant payment!
PROTECTING THE PERFORMANCE
Venues rejoice! Buy your performance rights directly from the artist at a fraction of the cost of umbrella licenses. Your purchase on Audio Exchange proves to any PRO that you own the right to play the audio.
WHAT AUDIO EXCHANGE DOES NOT DO
Audio Exchange does not replace PROs. It simply offers an alternative method of controlling rights and royalties by getting paid up front at the time of sale. We do not monitor plays, and we do not collect or distribute money earned by royalties.
Who buys licensed music?
VIDEO GAME STUDIOS
MAJOR RECORD LABELS
Who sells licensed music?