Audible Magic Acquires SOCAN's MediaNet - Hypebot

Canadian PRO SOCAN has sold its global content fulfillment and rights administration service MediaNet to Audible Magic.

Read the full article by Hypebot here.


Audible Magic acquires rights administration business MediaNet from SOCAN - RightsTech

SOCAN and Audible Magic have also announced they have entered into a strategic partnership with the goal to use Audible Magic technology and services to help SOCAN improve operational accuracy and reporting to publishers and songwriters. Financial terms of the deal were not disclosed.

Read the full article by RightsTech here.


Audible Magic Acquires Rights Administration Business MediaNet from SOCAN - Music Business Worldwide

Digital content identification, licensing, and monetization platform Audible Magic is acquiring content fulfillment and rights administration business MediaNet from Canadian performing rights organization, SOCAN.

SOCAN and Audible Magic have also announced they have entered into a strategic partnership with the goal to use Audible Magic technology and services to help SOCAN improve operational accuracy and reporting to publishers and songwriters.

Read the full article by Music Business Worldwide here.


Frequently Asked Questions regarding Audible Magic’s Acquisition of MediaNet’s Business

On Monday, January 11th, 2021, Audible Magic and SOCAN announced that the companies had entered into an agreement to transfer SOCAN’s content fulfillment and rights administration business to Audible Magic.

Understandably, many content partners and customers of both MediaNet and Audible Magic have questions about what this means to their day-to-day interactions and services they may have been receiving from each company. We hope that the information below will provide some guidance, but always, feel free to reach out to us for further information. Both teams remain fully committed to our content partners and customers.

When does this acquisition go into effect?

The acquisition will be effective as of January 6, 2021.

Why is Audible Magic making this acquisition?

This acquisition enables Audible Magic to offer a unique one-stop-shop solution for digital service providers and UGC hosting platforms looking to manage copyrighted content. Audible Magic will be able to offer licensing, rights management, and royalty administration as well as industry-leading content identification services.

What are the benefits to Audible Magic customers?

Current Audible Magic customers will now have access to a full suite of content management services including licensing, rights management, royalty administration, and media fulfillment.

What are the benefits to MediaNet customers?

MediaNet customers will gain access to the gold standard in content identification services so important for accurate attribution of copyright, licensing, rights administration, and reporting.

Will there be any changes to the services provided to MediaNet or Audible Magic customers?

Both Audible Magic and the MediaNet teams remain committed to all existing customers with the same level of support.

Are there changes to my contacts at MediaNet or Audible Magic for business or technical issues?

We do not intend to change your primary business contacts currently. If you do have any questions, please contact us at [email protected]

Will there be changes in how content partners should deliver content feeds?

There will be no immediate changes in how a content partner sends feeds to either Audible Magic or MediaNet. However, we will be looking into options to make the process easier for our content partners moving forward.

Will there be any changes to the processing of royalty payments or accounting reports?

The processes currently in place will continue as before the acquisition. As the two companies merge, we will be looking for opportunities to provide improved processes to benefit our content partners and customers. If you have any questions, please contact us at [email protected]

Are there changes planned to MediaNet customer billing and invoicing for services?

Yes, invoices will be issued with an Audible Magic logo starting in January. You will have access to your invoices and statements via an online portal. You will receive a link via email to set up your account within the portal, as well as a user guide for questions and assistance. Remittances should be made per the instructions on the invoice.


Audible Magic Acquires MediaNet’s Business from SOCAN, Integrating UGC & Premium Music Solutions

 Audible Magic to offer “one-stop-shop” for music licensing and copyright compliance 

 Los Gatos, Calif. – Jan. 11, 2021 – Audible Magic and SOCAN announced the companies have entered into an agreement to transfer SOCAN’s content fulfillment and rights administration business of MediaNet to Audible Magic. Audible Magic is the leading provider of identification and compliance solutions to social networks hosting user-generated content (UGC). SOCAN is the Canadian performing rights organization. MediaNet has a long history of delivering turnkey white label digital music solutions for Internet radio, subscription music services, on-demand streaming, and support for fitness and gaming applications. With this acquisition, Audible Magic can now provide digital platforms a comprehensive range of services to enable and manage the use of music.

Audible Magic provides solutions for music licensing, content identification, and rights management to social media platforms. This acquisition extends its capabilities to deliver bespoke licensing from hundreds of labels and publishers, media files for more than 92 million tracks, full rights management, and royalty and payment administration. This portfolio of services will enable social platforms to more easily exploit the opportunity for both music in UGC and premium content. According to a recent MIDiA Research report, The Rising Power of UGC, there is a projected $6 billion opportunity in the appropriate use of audio and video for streaming of music in UGC alone.

“Rightsholders and platforms will both benefit from our combined solution and will reduce the time and complexity of managing and paying for the use of music,” said Vance Ikezoye, Audible Magic chief executive officer. “We see significant upside in enabling incremental revenues for the music ecosystem.”

SOCAN and Audible Magic also announced they have entered into a strategic partnership with the goal to use Audible Magic technology and services to help SOCAN improve operational accuracy and reporting to publishers and songwriters.

“The acquisition of the MediaNet services by Audible Magic creates long-term benefits for SOCAN’s members and clients,” said Jennifer Brown, Interim CEO of SOCAN. “Audible Magic is a knowledgeable and skilled company and we’re looking forward to working together to improve the accuracy of reporting to publishers and songwriters.”

SOCAN acquired Seattle-based MediaNet in 2016. By legal agreement, terms of Audible Magic's acquisition are confidential.

 

About Audible Magic  

For more than 20 years, Audible Magic has innovated solutions to identify content, manage rights, and monetize media. Audible Magic’s Emmy-winning automatic content recognition (ACR) technology powers billions of monthly transactions. The Silicon Valley pioneer is the trusted intermediary between major platforms and rightsholders (including labels, studios, distributors, publishers, and collectives). The company works with a wide range of platforms and rights holders, including Facebook, Twitch, SoundCloud, Dailymotion, ShareChat, Vimeo, NBC Universal, Universal Music Group, Sony Music Group, Warner Music Group, The Orchard, CDBaby, and Distrokid.  For more information, visit https://www.audiblemagic.com/. 

About SOCAN

SOCAN is a rights management organization that connects more than four-million music creators worldwide and more than a quarter-million businesses and individuals in Canada. More than 160,000 songwriters, composers, music publishers, and visual artists are its direct members, and more than 100,000 organizations are Licensed To Play music across Canada. With a concerted use of progressive technology and unique data as well as a commitment to lead the global transformation of rights management, SOCAN is dedicated to upholding the fundamental truths that music and visual arts have value and creators and publishers deserve fair compensation for their work. For more information: www.socan.com.

Contact:

Adriana Saldaña

Sterling Communications for Audible Magic

[email protected]

+1 408-395-5500


EMS and Audible Magic Tackle Industry-Wide Issue of Verifying Music Rights Ownership

Audible Magic’s RightsRx enables EMS to proactively protect artists from fraudulent ownership claims

Los Gatos, Calif. – Nov. 17, 2020 – The  Encoding Management Service (EMS)a technology service provider for digital music, audiobooks and eBooks, announced it has partnered with Audible Magic, the gold standard for content identification and leading provider of rights management and automatic content recognition (ACR) solutionsEMS is using Audible Magic’s RightsRx™ to prevent an industry-wide concern of fraudulent ownership claims by bad actors, attempting to steal revenues from the legitimate artists and rightsholders. 

“There’s no question that Audible Magic is the partner of choice to help strengthen our rights management procedures, given their industry standard trusted and proven technology,” said Chris Bornefeld-Ettmann, EMS managing director. “We’re thrilled at how easily and quickly we implemented RightsRx into our existing workflow.” 

Audible Magic’s RightsRx enables EMS to resolve ownership conflict claims prior to upload by identifying fraudulent submissions, as well as catalog conflicts when artists submit through multiple distributors. 

“EMS is a major industry player and their effort underlines the continued trend of distributors proactively managing their catalogs to prevent unauthorized music from entering the digital music ecosystem,” said Vance Ikezoye, president and chief executive officer at Audible Magic. “We’re the best solution in the industry to ensure distributors can keep their catalogs clean from unauthorized content.” 

Every month, Audible Magic searches billions of files looking for copyright content registered by over 140,000 record labels and music publishers. Its comprehensive reference registry contains tens of millions of registered works representing music from over 150 territories, with hundreds of thousands of new tracks added each month. Search results operate on files as short as five seconds and typically complete in one second or less, with virtually zero false positives. 

For additional information, visit https://www.audiblemagic.com/rightsrx/. 

 

About Audible Magic 

For more than 20 years, Audible Magic has innovated solutions to identify content, manage rights, and monetize media. Audible Magic’s Emmy-winning automatic content recognition (ACR) technology powers billions of transactions monthly. The Silicon Valley pioneer is the trusted intermediary among rightsholders (including labels, studios, distributors, publishers, and collectives) and major platforms. For more information, visit https://www.audiblemagic.com/. 

About EMS  

The Encoding Management Service - EMS GmbH is a technology service provider for the digital entertainment industry. For more than 10 years now, EMS’ logistical solutions for digital contents enable fast and secure ripping, encoding and delivery of audio, video and eBook data to online retailers, aggregators and other services worldwide. EMS is one of Spotify’s recommended Delivery Platforms and listed Encoding House with Apple. EMS clients roster includes renowned distributors such as GoodToGo, Indigo, mbassador, TBA, Tonpool Digital, wordandsound and ZEBRALUTION. EMS is a member of the ZEBRALUTION Group since July 2019. 

 

Contact:
Adriana Saldaña
Sterling Communications
[email protected]
+1 408-395-5500 


EMS connects with Audible Magic - MusikWoche

The Leverkusen-based digital service provider Encoding Management Service (EMS) will in the future rely on the collaboration with Audible Magic in matters of content recognition and rights management and will use the RightsRx solution from the Californian company.

Read the full article by MusikWoche here.

 


Innovative Music Licensing Frameworks Will Be Key To UGC-Powered Music Expansion - Forbes

“Traditionally many people look at UGC as a promotional tool used to generate demand for music, says Audible Magic founder and CEO Vance Ikezoye, who has more than 20 years of professional experience in the music industry. “But it’s really a new form of content with big potential for platforms and content owners…people go to TikTok, not for the music, but for the creativity and creation opportunity.”

Read the full article by Forbes here.


ShareChat taps Audible Magic for copyright-spotting tech - Music Ally

Indian social media company ShareChat has become the latest customer for Audible Magic’s rights management and content recognition tech.

It will be used to “proactively address both licensed and misuses of copyright media” on ShareChat’s app, which has more than 160 million monthly active users.

Read the full article by Music Ally here.


ShareChat partners with Audible Magic to identify copyright content - The Economic Times

Audible Magic hosts a comprehensive reference registry containing over 40 million registered works from global and local music labels and is a leading tool for content identification. The partnership will enable ShareChat, which operates in 15 local Indian languages, to proactively address both licensed and misuses of copyright media.

Read the full article by The Economic Times here.