Don´t let anyone Copy your Rights
In the evolving landscape of the music industry, integrating copyright registration within a Limited Liability Company (LLC) structure offers significant legal and financial advantages. This approach provides enhanced protection and streamlined management of musical intellectual property.
The need for robust copyright registration:
Protection of Intellectual Property:
In this digital age, protecting the intellectual property rights of musicians, composers, and producers is paramount. Effective copyright management ensures creators are rightfully credited and compensated for their work
Monetization Challenges:
The traditional models of music monetization are being replaced by streaming revenues, digital sales, and alternative monetization channels. Navigating this landscape requires a nuanced approach to copyright management.
Legal and Financial Implications:
Infringement claims, royalty disputes, and contractual complexities pose significant legal and financial risks to artists and stakeholders. Efficient management and legal protection are crucial to mitigate these risks.
7. 1 trillion music streams Last year
Luminate’s 2023 Year-End Music Report, published 10th January 2024.
The 7.1tn streams were across audio and video services, totaling 33.7% year-on-year. Of that total, 4.1tn were on-demand audio song streams, up 22.3%.
There were 3tn on-demand video song streams in 2023, up 63.3% from the 1.9tn in 2022. Video streams appear to be growing nearly three times faster than audio streams.
436k tracks were streamed more than 1m times globally in 2023, up from 373.5k the previous year.
At the other end of the scale, 45.6m tracks had precisely zero streams in 2023.
Solution
The Music Copyright Guard system facilitates registering musical copyrights within an LLC framework. The service combines innovative technology with the legal benefits of an LLC to optimize copyright registration.
Key Features:
- LLC-Based Registration: Establishing LLCs for individual creators or collective entities to hold and manage copyrights.
- Blockchain and Smart Contracts: Utilizing blockchain for immutable copyright registration and smart contracts for automated licensing and royalty distribution.
- Legal Protection and Flexibility: Leveraging the legal structure of LLCs for liability protection, tax advantages, and flexible management.
- Global Compliance and Local Adaptation: Ensuring the system is adaptable to various jurisdictions while maintaining a core LLC structure.
- Transparent Royalty Management: Streamlined royalty distribution and financial management through the LLC, enhanced by smart contract technology.
