First and foremost, there’s the question of ownership. Determining who should own, maintain, and ensure the ongoing integrity of a music catalog is crucial to its existence and long-term value to the music industry. Any solution that excludes either artists or their agents as stakeholders is doomed to fail.
At a high level, we’re already observing the negative effects of abstracting rights away from their creators and collecting them into large conglomerates. So the question that remains is one of beneficial governance — what would a joint cataloging effort look like?