IFPI, the organization that represents the recorded music industry worldwide, and four music licensing companies (MLCs) in Asia, have launched SoundSys – a shared system for the distribution of sound recording performance rights revenue around the world.
Those MLCs include ASIRINDO (Indonesia), MRSS (Music Rights Society Singapore), Phonorights (Thailand) and PPL India.
IFPI claims that they have “designed, and delivered the industry’s first shared, cloud-based software that serves as a complete, cost-effective back-office distribution system” for revenue collected for the broadcasting and public performance of sound recordings and karaoke videos in these countries.
IFPI and the four MLCs partnered with the music technology company BMAT to develop SoundSys, which uses the company’s proprietary technologies to organize, store and match usage and recording data.
The development of SoundSys follows the launch of the repertoire data exchange service, RDx, by IFPI and World Independent Network (WIN) last year, which enables record companies to exchange data with MLCs through a single, centralized hub.
IFPI says that the roll-out of both systems globally will provide a standardized, high quality recording metadata supply pipeline and data processing capability for MLCs that will significantly improve the performance rights management landscape worldwide.
“SoundSys is truly transformative.”
Frances Moore, IFPI
Frances Moore, Chief Executive of IFPI, said: “SoundSys is truly transformative. It results from unprecedented cooperation internationally while exemplifying the strength and professionalism of the music industry in Asia to harness cutting edge music technology and deliver a globally significant advancement.”
“We have launched in Asia in close collaboration with the MLCs that have helped shape and refine the system.
“It’s proving to be highly effective in assisting the operations of MLCs and we will now be looking to roll it out in other regions that can benefit most from the software.”
“IFPI’s expert vision and being in sync with the four MLCs allowed us to use our technology to revamp the way MLCs distribute – bringing transparency, accuracy and reliability to the process.”
Orsi Bozso, BMAT
Orsi Bozso, SoundSys Project Manager at BMAT, said: “After years of tracking and data-processing next to all music industry players and gaining expertise on the challenges they face, it was a natural next step for us to develop a software that could upgrade copyright management operations.
“IFPI’s expert vision and being in sync with the four MLCs allowed us to use our technology to revamp the way MLCs distribute – bringing transparency, accuracy and reliability to the process.
“It’s been a true pleasure to collaborate with IFPI and the MLCs involved on this journey to compensating creators more efficiently.”
“We are already greatly benefitting from the use of SoundSys in Indonesia.”
Jusak Sutiono, ASIRINDO
Jusak Sutiono, Director of Indonesian music licensing company, ASIRINDO, added: “We are already greatly benefitting from the use of SoundSys in Indonesia.
“The SoundSys matching process is helping us to ensure we accurately identify the music content we are allocating revenues to, with the software improving the speed with which we can then process the revenue and distribute it to our right holder community.”
“By combining our knowledge and practical experience, we have created a product that has directly improved our operations in Thailand.”
Chayapach Sangtabtim, PNR
Chayapach Sangtabtim, General Manager, PNR (Phonorights) music licensing company in Thailand, said: “SoundSys is the result of a truly successful collaboration between MLCs in Asia and IFPI.
“By combining our knowledge and practical experience, we have created a product that has directly improved our operations in Thailand.”Music Business Worldwide