Noctil

Are you a #royaltymanager trying to build your authority in the #music industry? On one side, the rightsholders pour their passion into their work, seeking fair compensation and recognition. On the flip side, the organisation juggles budgets, contracts, and profitability. Then, how do royalty managers create a perfect symphony amid the chaos? Transparency is the key. By prioritizing transparency and trust. 1. Providing artists with clear, comprehensive royalty statements, building mutual respect and understanding. 2. Explaining complex royalty structures to rightsholders and stakeholders clearly, ensuring harmonious alignment of rights, and guarding fairness and integrity. 3. Highlighting the correlation between rightsholders' and organizations' success and ensuring great collaboration can achieve higher revenue. A big shoutout to all the royalty managers out here! #RoyaltiesManagement #MusicIndustryNews #Music #MetadataManagement #Noctil

20.7 hours spent listening to music each week! – as per the IFPI report (2023). What does this indicate? This means a huge amount of data is generated concerning music usage. The total number of streams and subscription behaviour depicted from usage logs of streaming platforms can provide record labels with a gold mine of information. And as a music industry professional, what can you gain from this? It can help #recordlabels: - Get new talents - Know the latest trends - Form strong connections and collaborations - Create the right marketing campaigns and promotional strategies - Identify new revenue opportunities Let us know how you leverage data within your organization. #Noctil #MetadataManagement #MusicIndustryNews #streaming #royalties

“The Tortured Poets Department” shatters records! Taylor Swift's song broke the record for vinyl sales within 3 days. The Vinyl Resurgence and Taylor Swift's Impact: #TaylorSwift and her devoted fan base have significantly fueled a resurgence of vinyl records, once considered relics of the past. What does this signify? While streaming platforms like Spotify offer widespread access to Swift’s music, vinyl sales provide fans with a tangible and collectable experience and a distinct revenue stream in the form of mechanical royalties. Given the substantial amount of metadata to process, all music rights societies and publishers must ensure prompt collection and distribution of mechanical royalties to songwriters and publishers. #MechanicalRoyalties #TTPD #MetadataManagement #MusicIndustryNews #Noctil

This Guyanese-British singer-songwriter decided to make his music available digitally after 42 years! It's Eddy Grant. Today, he also owns a record label named Ice Records. So, what made him switch to digital? Despite initial reluctance, Grant digitised his music catalogue to make it compatible with digital platforms. This decision was fuelled by the realization that his fans had trouble accessing his music through different platforms due to compatibility issues. Also, while digital music offered many advantages, there were concerns about its distribution. Some felt that unfair deals were being made, significantly disadvantaging smaller players in the music industry while streaming digitally. Artists can effectively conquer the streaming age by adapting an easy-to-use system that educates them and offers immersive artist strategies and transparency with royalty calculations. Are you ready to provide your artists access to this system? #Noctil #RoyaltiesManagement #MusicIndustry #MusicRoyalties #creativeindustrynews

Although the music industry (2023) witnessed a rise of 10% in Global recorded music revenues to $28.6 billion, the issue of unclaimed royalties remains! Did you know what an inefficient linking of Sound Recordings and Compositions can cost? Unclaimed royalties. When a track is released, a record label should provide clear information about the publisher and their royalty shares for the composition. How can #recordlabels and #publishers solve this? 1. We can combine the sound recording in work and composition details. 2. Have a centralized data transformation system for exchanging data between record labels and publishers 3. Have a system to communicate their shares between artists and publishers What do labels and publishers gain in the process? They cultivate a loyal customer base that enjoys timely payments. What does the Music industry gain? A more knowledgeable and exceptionally creative community of artists. Do your bit to establish better collaboration within the Industry! #Noctil #MusicIndustry #MusicIndustryNews #MetadataManagament #streaming

AI has been a game-changer for artists/creators! Discover how AI is reshaping creativity and empowering artists and creators to push boundaries. #Noctil #MusicIndustryNews #AI #MetadataManagement

Can there ever be ethical use of music in developing #AI?   Unlicensed use of copyrighted music has been on the rise lately for developing AI technology. Now imagine, how much of a revenue is lost due to this.   As a result, ICMP ( International Confederation of Music Publishers) has launched a powerful initiative to support artists and their rights.   Ethical, responsible, and lawful AI is the way ahead, and this initiative is just the beginning.   How can AI tech companies then use music?   The goal is to obtain licenses in advance from relevant rightsholders without compromising the rights of songwriters, artists, rightsholders, and consumers worldwide. We say “no use without consent, credit & compensation”, do you? #Noctil #MetadataManagement #EthicalAI #creativeindustrynews #copyright

Overcome multiple rejections for music release or work registrations. Attention: Record labels / Publishing administrators! Metadata could be a significant reason for multiple rejections of releases by DSPs or non-acceptance of work/asset registrations. Here are the three major reasons to avoid metadata errors and their consequences. 1)Metadata inconsistency:  Inconsistencies, such as misspelt artist names, and variations of song titles, cause problems in maintaining clean and structured data. 2)No standard metadata format for exchange:  Metadata is received from multiple sources and is often fragmented due to differences in databases maintained at various organizations. Information gets discarded when it’s shared between databases. 3)No tool for asset tagging: Copyrights can be claimed only if agreements involving artists, songwriters, producers, and publishers are maintained correctly, along with linking the right assets to a particular record. Ownership can be determined only if metadata is correct and tagged with the right assets and contracts. As a result, these errors may lead to: 1) Missing the street (release) date for artists 2) Unclaimed royalties 3) Delayed royalties for artists Musicians and labels may want to hurry up to promote the songs for every release, and, in the bargain, metadata may remain incomplete and inconsistent, which is hardly looked into once the songs are registered. Building transparency and trust is the need of the hour. In a fast-evolving music industry, adopting a cost-effective and automated tool to clean up and maintain massive catalogues of metadata is crucial. Let us know if you have had other reasons for rejections with work/asset registrations. #Noctil #musicindustry #music #metadata #musicbusiness #streaming #artists

Unlock the secrets of success in the music rights industry! Prioritizing the interests of rightsholders takes the lead. Harness industry leader #ASCAP's most successful and powerful principles to empower your journey toward forming a robust music rights society. 1) Value Creator's Work: Advocate for fair wages and protect their rights 2) Rightsholders First: Always prioritize their interests in your decision-making 3) Empower Artists: Educate them on copyrights and the importance of defending their rights 4) Metadata Precision: Have a system that can adapt regardless of the emergence of AI or any new technology to collect and organize growing metadata 5) Transparent Royalty Rules: Build trust through transparency in royalty guidelines. 6) Unwavering Support: Stand by artists, even when faced with challenges like opposing compulsory licenses. Let's work together to create a fairer music industry Have an opinion? We're all ears! #MusicIndustry #MusicRightsProtection #SupportArtists #creativeindustrynews #Noctil

I am excited to meet our industry colleagues, clients, and leaders to share and discover music and audiovisual tech innovations. Let's connect. #sxsw2024 , #musicindustry , #audiovisual , #austintexas , #musictech ,#noctil, #metadata