Jake P. Noch (pictured), the Founder and Chief Executive Officer of US Performing Rights Organization, Pro Music Rights, has been appointed as Chief Executive Officer of publicly-traded firm, Net Savings Link, Inc (OTC: NSAV).
Noch has also been appointed Chairman of the Board of NSAV.
According to a press release announcing the news, Noch has been hired to take Net Savings Link “in a completely new direction, and to implement a new business model” for the company.
NSAV’s listing on the OTC markets site suggests that the company previously considered itself to be a “fully integrated technology company, which provides turnkey technological solutions to the legal medical cannabis and hemp industries, as well as other areas of the medical industry”.
Now, Jake P. Noch intends to move Net Savings Link in a new direction focused on music rights, building the firm into what he calls “a market force… through the acquisition of music IP catalogs”.
The press release announcing Noch’s appointment at NSAV suggests the company wishes to “implement a business model similar to the Hipgnosis Songs Fund“, the aggressively acquisitive, UK-based publicly traded firm founded by Merck Mercuriadis.
“I intend to have NSAV become a market force in the music IP sector through the acquisition of music IP catalogs and to maximize revenue by pushing for more favorable licensing agreements, in addition to launching a music distribution service.”
Jake P. Noch
Jake P. Noch, said: “While NSAV might seem like a relatively obscure company now, I intend to change that.”
He added: “I intend to have NSAV become a market force in the music IP sector through the acquisition of music IP catalogs and to maximize revenue by pushing for more favorable licensing agreements, in addition to launching a music distribution service.”
Pro Music Rights [PMR] has hit the headlines recently for filing lawsuits against the likes of Spotify, Apple and YouTube, amongst others, in tandem with recorded music distribution company Sosa (also owned by Noch).
Sosa alleges that Spotify “manually blanket-banned” its catalog of tracks, and that the streaming service “deliberately and maliciously blacklisted from its platform the Plaintiffs and their founder, Jake Noch, along with each and every single artist, composer, and writer associated with [the parties]”.
In January, PMR entered into a partnership with Cosynd – a New York-based legal service that automates copyright contracts and registrations – to create contracts (split sheets, premium split sheets, work for hire agreements, and producer agreements) that secure their copyrights and can register works with the US Copyright Office at a discounted rate.
In November last year, Pro Music Rights announced what it describes as the first-ever standardized Public Performance Rights license.
In April 2019 Pro Music Rights joined forces with music technology company VNUE “to create a new paradigm in music licensing”.Music Business Worldwide