Music industry leading economist Will Page, music copyrights globally generated $24.4 billion in revenues in 2015. That’s a whopping $10 billion more than the often cited IFPI figure that largely excludes publishing and songwriting income. Moreover, live ticketing in 2017 generated $32.0 billion in primary sales and another $9.8 billion in resales. Both ticketing segments are growing at a 5-year CAGR of 14 and 19 percent respectively. Altogether, recorded music and ticketing presents a $66.2 billion market opportunity.
This market is projected to maintain stable growth over the next five years. Soundeon is a pioneering decentralized and vertically integrated music platform that covers all aspects of the music industry. From the creation and copyright of a work to contractual resale of both existing and future music assets, to concert organization and ticket sales.
"In order to achieve the ultimate entertainment experience, talent must be discovered and empowered. The status quo in the music business dictates archaic terms as if we live in 1954. By integrating the latest blockchain technologies we are creating a single media rights and management ecosystem that is uncensored, immutable, fair and transparent,"
Ruslan Guseynov, Co-founder, Head of Strategy and Development.
This is accomplished through a secure and transparent ecosystem built on the foundation of a proprietary Creative Smart Contract (CSC)™. The CSC™ is a self-executing media rights agreement that serves to promote many of the aspects that the traditional music industry lacks, including transparency, trust and fairness.
Soundeon encourages and seeks to cultivate a more intimate relationship between artists and fans by providing timely solutions to the shortcomings seen in today’s music industry.
Team
FYI !
The idea for the Soundeon platform originated in October 2017 and by December 2017 the project had already raised seed financing of US$ 600,000 from a Singaporean VC fund. Ruslan Guseynov (Co-founder, Head of Strategy & Development) and Aram Abgaryan (Business Development) first introduced the Soundeon platform at the 2018 Fintech World Conference at the Harvard Club in New York.
The next step was the public whitepaper release and speech at the Crypto Investor Show, the UK's biggest crypto and blockchain event for investors on the 10th of March at the Queen Elizabeth II Centre in London. They confirmed that the alpha version of Soundeon is already under development and will be released in April 2018. The beta version is due for release in December 2018 followed by a fully functional platform launch in March 2019.
Official Information :
Website : http://soundeon.com/
Whitepaper : http://soundeon.com/Soundeon_WP.pdf
Telegram : https://t.me/soundeon
Twitter : https://twitter.com/soundeoncom
Facebook : https://www.facebook.com/soundeon/?_rdc=1&_rdr
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