Earlier this week, Audiosocket announced the release of patent-pending music licensing technology LicenseID™ (LID), which helps audio licensees, licensors, and digital distribution platforms solve copyright compliance issues. The technology embeds a unique tag into the audio file as each track is licensed. LicenseID then delivers the data to rights holders.
SourceAudio has also come on as an early partner using the LicenseID technology. The company plans to make the new technology available to a catalog upwards of five million tracks through their distribution platform that hosts over 3,400 music labels.
“SourceAudio can help Audisocket scale quickly into the non-pop production and indie music space – where a majority of music is licensed for commercial purposes – when publishers on our platform opt into this new program.” said Andrew Harding, SourceAudio’s Co-Founder & President of Business Development. “With LicenseID, publishers on our network will have the opportunity to monitor individual files and licenses, and be flagged when a piece of music is not in compliance. compliance. As champions of copyright protection, this fits nicely into our model of being a one-stop destination for music publishers, by creating efficiencies and monetization opportunities after a file has been initially downloaded and/or licensed.”
“The explosive growth of monetized and user-generated content on YouTube and other video sharing platforms has sparked a growing number of digital licensing issues and lawsuits,” said Jenn Miller, Co-Founder and COO of Audiosocket. “Until today, the music industry has not delivered advanced technologies to meet the copyright demands of the broader market. As music industry professionals, we have created a technology to identify music that is properly licensed from that which violates copyrights. LicenseID is a solution that acts as a digital proof of purchase thereby protecting the interests of all parties involved.”
For more information, visit audiosocket.com.