SOUNDEXCHANGE AND VEVA SOUND ANNOUNCE DATA PARTNERSHIP TO INCREASE ACCURACY AND EFFICIENCY OF ROYALTY PAYMENTS FOR CREATORS
Partnership makes it easier for registered creators to receive royalties they are entitled to through SoundExchange.
SoundExchange, the premier music tech organization powering the future of music, and VEVA Sound announced today a data partnership designed to increase the accuracy and efficiency of royalty payments. The partnership leverages the latest in cloud-based technology and makes it easier for creators registered with SoundExchange to receive the royalties to which they are entitled.
VEVA Collect, built by VEVA Sound, is a leading audio file-sharing, credits, and metadata platform that collects and compiles creator credits with all associated audio assets so that everyone who works on a recording is fairly compensated. VEVA Collect now allows users to export DDEX RIN files with their contributor credits, as early as in the studio, automatically to SoundExchange which can regularly retrieve and store this data. SoundExchange can then use the data to create performer lineups for any given recording.
“SoundExchange is committed to ensuring creators are compensated fairly for their work. By integrating this metadata into our systems, we can augment our already best-in-class data platform to better pay creators when their recordings are used,” said Michael Huppe, president and CEO of SoundExchange. “We look forward to working with VEVA Sound to increase the accuracy of our creator credits and build a fairer, simpler, and more efficient music industry.”
“We are thrilled to partner with SoundExchange in this capacity to streamline not only the collection of credits in the studio but to now provide our users a method to send their data securely to SoundExchange and help facilitate accurate payments to everyone involved in the royalty stream,” said Deborah Fairchild, president of VEVA Sound. “We see this as an important next step in the interoperability of leading companies in the music industry.”