Jammber has acquired TuneRegistry for an undisclosed sum. The acquisition turns Jammber into a self-service end-to-end music rights and royalty administration platform that allows artists and rightsholders to retain 100% of their copyrights and royalties.
Jammber is also preparing the launch of its Splits self-service royalty splits platform and the Jammber Money royalty and payment platform.
TuneRegistry was the first platform to allow the pass-through song and recording registrations, providing rights-holders and distribution companies the ability to self-register music rights ownership information with over two dozen North American meta-data companies and performing rights organizations simultaneously for fixed monthly fees. Song registration is an imperative step for song owners to get paid for their music usage in public venues and streaming platforms.
Traditionally, registering songs through third-party entities resulted in administration fees up to 20% of royalties and delays in royalty payouts of up to 3 to 6 months. TuneRegistry, supports ownership registrations to ASCAP, BMI, SESAC, SOCAN, Music Reports, the Harry Fox Agency (HFA), SoundExchange and several others for fixed monthly fees, starting at just $15/month.
“Everything we do is around getting music owners paid faster and more accurately. Music ownership is at the core of all aspects of music usage. Now we can democratize the process of ownership registration in new ways that can scale with the extraordinary growth the industry is experiencing.” says Jammber CoFounder and CEO, Marcus Cobb.
TuneRegistry co-founder and CEO, Dae Bogan, joins Jammber as SVP of Global Music Rights and will continue to oversee operations and product strategy for TuneRegistry. “Dae is the foremost expert in music rights administration and is unapologetic in his mission to help songwriters, producers, artists and performers attach their names to their creations in order to get paid and credit accordingly,'' says Cobb.”
Bogan co-founded TuneRegistry to simplify and streamline the music rights administration process. TuneRegistry has since empowered thousands of music creators and rights-holders from over 40 territories to self-administer thousands of songs, recordings, and releases in North America all while retaining 100% of their copyrights and 100% of their royalties.