The Grit Daily Startup Show, hosted by Sebastian Rusk, is a podcast not to be missed! This week’s episode features guest Paula Reina from Audiochain, a music sync licensing platform for businesses and creators to connect together for transactions with sync licensing clearance. Through Audiochain, a tool as a platform is created for creators and artists to do business without a middle man, and royalties are allocated directly from the fan to the owner of the song. Credit is collected instantly with the blockchain, versus through external sources, which can take up to 3 months. Paula advices creators to make sure to own their own masters, as in the past too many lawsuits have happened where artists did not get their fair share. Tune in to the Grit Daily Startup Show and gain valuable insight into Audiochain and the music industry!
Key Takeaways:
- Benefits of Audiochain for Creators and Artists
- The Benefits of Blockchain for Collecting Music Royalties
- Ownership of Music Masters: Understanding Fair Compensation for Creators
Topics with Timestamps:
[00:03:56] The Audio Chain platform can be extremely advantageous for creators and artists, providing them with a range of benefits.
[00:07:44] The Advantages of Blockchain in Collecting Music Royalties
[00:11:17] Understanding Fair Compensation for Creators of Music Masters Ownership
Notable Quotes:
“It’s pretty much in a nutshell a music sync licensing platform for businesses and creators to interact together transacting sync licensing clearance.. So kind of cutting out the middleman and going directly to the creator.”
“With the blockchain, it’s immediate. With the tools that we created to collect those royalties, it’s immediate, and you’re doing it yourself.”
“Creators need to make sure that they own their own masters. They own their own music. And you can do this with Audiochain and blockchain.”
