Rebooting the online music business for owners of copyright by providing music licensing to DSP/retailers like Spotify...
Highlights
- Our unfair advantage is our personal networks
- Launched in stealth with blockchain - 21st December 2014
- Developed prototypes in registration, release and licensing.
- Streaming & exchange service and (Alpha) stock market trading in copyrights
Problem:
The music industry continues to grapple with the world of digital commerce and appears to be struggling to make sense of it…
It is extremely difficult for artists, composers and songwriters to make a living.
Solution:
We maximise earnings, and provide the fair division and prompt payment of royalties, by making all the necessary administrative processes much more efficient. By using blockchain technology - ownership, purchase records, accounting and all other details pertaining to any song are indisputable. This makes it the ideal environment for the key processes which Internet Music handles:
Copyright Registration, Release, and Licensing.
These processes are the backbone of our Music as a Service (MaaS) infrastructure...
The Market
The size of the online music market is $6.7bn, leading to substantial initial revenue within 12 months. Where traditional banking charge 6-7% (including reduced compound interest on delayed payments and eliminating foreign exchange risks), Internet Music charges 0.9-2%, on every digital transaction. For example: We will be saving Sony Music Entertainment $55.8 Million YoY in reduced transaction fee/reduced compound interest on delays (estimated). Furthermore - Spotify could save close to $55 million (326 man-years) from more efficient royalty reporting and payments.
Progress/Proof
The management team of Internet Music are well established and connected in the Music Industry to all the significant collection societies and copyright and metadata owners in all major markets. They are currently in advanced talks with several of these organisations including PRS for Music, who they have been working with over the last 12 months. The Internet Music foundation is under establishment with European technology partners to provide a fast-track for new DSP (Digital Service Providers) that wants to enter the market by dipping into our MaaS (Music as a Service) solutions. This will firmly introduce our own crypto-currency CopyrightCoins in a global market like Bitcoin and Ether. All is in proof of concept/prototype/Alpha stages...
Objectives/Future
Proactively building cost-effective partnerships in the music industry by exclusively signing owners of copyright. Efficiently rebooting the business by building a global scalable Music as a Service (MaaS) infrastructure significantly increasing profits and efficiency for the global online music business with commercial launch 1st July 2018 hitting the ground running.
If you prefer a more visual approach?
The Internet Music Crowdsale.
The Internet Music Crowdsale is different in that everything raised above a basic administrative and development level (to be divided between content acquisition administration and operation and technical development of CopyrightCoins) will not leave the foundation and be used in advances for exclusivity of copyright (both musical works and recordings).
Every Euro will go into paying advances.
Everything raised above this basic level gives us more copyrights under exclusive digital administration. It is estimated that a total of €150 million will give us an exclusive digital administration over some 80% of the total high earners copyrights (some €5.6 Billion in Year-on-Year turnover). Which means that more than 93% of the invested “money” will not be at risk, but stay in the foundation and can be used to support up and coming artists and songwriters. Or (alternatively or both) payed back to the original investors under terms as to minimize risk.
The foundations mission statement:
The Internet Music Copyright Foundations’ primary purpose is to provide a stable economic platform bringing creativity to the 21st century online digital music market. This is achieved by deploying CopyrightCoins, creating new commercial benchmarks for all media…
Internet Music mission statement:
Internet Music Ltd is a rights management company, limited by guarantee and operating on a not-for-profit basis for the exclusive benefit of copyright owners and creators who assign the administration of their online rights to it. Internet Music will give copyright owners and creators a unique opportunity to reimagine the music industry.
Cryptosymbiosis
The two “not-for-profit” organizations are in cryptosymbiosis. The foundation is depended of Internet Music to negotiate, sign and deliver content that will make the cryptocurrency CopyrightCoins raise in value. Internet Music are depended of the foundation to provide the resources necessary to acquire the exclusive digital administration of content that will be delivered to the DSP’s.