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?
Source: What Does the “B” Word Mean for Music?
Consensus Systems (ConsenSys), the New York City-based blockchain venture production studio, plans to move its Ujo Music rights management and royalty payments platform into closed beta mode during 1Q 2017, according to Jesse Grushack, a ConsenSys Director and Ujo product lead.
The Ujo Music “open music” platform is designed to concentrate artists’ identities and businesses within artist-owned websites, where their content is marketed, royalty shares quickly distributed via digital currency — and traditional industry entanglements avoided.
Source: ConsenSys Anticipates Moving Ujo Music Blockchain Rights Management Offering to Beta | Bitcoin Magazine
Today, November 7th, marks a turning point in Ujo’s history. Due to ongoing maintenance costs, the time has come for us to bid farewell to our beloved Alpha project. Instead of spending time maintaining the prototype, which fulfilled its purpose, we are knuckling down to build an open platform for all artists.
The Ujo team joined with Grammy award winning artist, Imogen Heap’s initial Mycelia experiment as both wanted a more fair and open music industry. Imogen posted Tiny Human to her website along with all relevant metadata for the song to see what new music services could do with it. In collaboration with Heap, we were able to showcase the power of the blockchain in getting Tiny Human up for sale on the newly launched Ethereum blockchain.
Source: Evolution of Ujo Music: The Tiny Human Retrospective – ConsenSys Media – Medium
Ujo Music was the startup that worked with musician Imogen Heap in 2015 to release her track “Tiny Human” on the Ehtereum blockchain. Now the company is preparing for a full commercial launch of its platform for other artists and labels to use. “Soon, Ujo Music will be open to the public. We’re targeting early 2017,” explained the company in an email sent out to its mailing list yesterday.
“We are building a service that allows you to manage your artistic identity, your music and licensing on your own terms. We are starting small, with music, onboarding eager, forward-looking artists to empower sustainable creativity,” explained the company.
Source: Blockchain platform Ujo Music opening up in early 2017
The blockchain is a hot topic in the music business these days, featured on panels at nearly every industry conference and gobbling up acres of paper and pixels in the industry press. But it hasn’t gained nearly as high a profile in the TV and film business.
That’s in part because, while Hollywood has its problems, the film and TV business isn’t nearly as broken as the music business, and movie and TV people are simply not as hungry for radical fixes as many musicians are today. Unlike the music business, where the consumer’s embrace of streaming is blamed for pushing down profit margins and diluting artists’ earnings, the popularity of video streaming services like Netflix and Amazon Prime has sparked an explosion in scripted TV production and a boom in jobs and pay scales for actors, writers and other behind-the-camera personnel.
Even the major studios, who have watched subscription VOD services erode their once highly profitable DVD business, have benefited from re-selling back catalog to Netflix, Hulu and others.
That doesn’t mean there might not be better ways of doing business, however, or that blockchain won’t play a role in TV’s future. Startup SingularDTV is betting both will happen, in fact, and has set out to prove it. Continue reading “Putting Hollywood on the Blockchain”
A gang of computer programmers – united by the Bitcoin technology – are trying to revolutionize an industry after 15 years of disruption which began with Napster and was cemented by BitTorrent.
Bitcoin’s blockchain – a decentralized system powered by a network of computers – serves as the transparent backbone of the Bitcoin network. The blockchain, which functions as a public ledger, maintains the accounting of the Bitcoin network, timestamping each transaction and assigning a unique ID.
Numerous individuals and companies are excited about the future of the blockchain and the music industry. Three companies, PeerTracks, Bittunes and Ujo Music, each claim their business model will liberate musicians from being under the thumbs of overbearing music labels and streaming services.
Source: Bitcoin Magazine