BRUSSELS–(BUSINESS WIRE)–Regulatory news:
AudioValley (Paris: ALAVY) (Brussels: ALAVY), international specialist in B2B solutions in digital audio, (ISIN code: BE0974334667 / mnemonic: ALAVY) officially launches the activity of its subsidiary Bridger. This new independent copyright management entity offers songwriters an efficient and free solution to collect their streaming royalties.
Open to songwriters worldwide, Bridger collects and distributes royalties generated from the streaming of musical works. It is aimed at independent songwriters who are not members of a collective management organization, as well as songwriters who wish to benefit from an entirely digital service in addition to their membership of a collective management organization.
“Bridger has arrived at the right time in a rapidly growing music streaming market. since the start of the pandemic but it generates much less royalties than it should. It is estimated that, worldwide, hundreds of millions of dollars a year of royalties generated on streaming platforms are not returned to their rights holders. Either because the songwriters are not members of a management entity, or because erroneous metadata on the works do not allow the rightsholders to be identified. After several years of development within AudioValley, we are proud to now offer a digital audio solution that allows songwriters to receive the revenue to which they are entitled”, declares Alexandre Saboundjian, CEO of AudioValley.
Royalties cover the composition and writing of the lyrics of a musical work. Each time a piece of music is played on a platform, it generates royalties. To receive them, songwriters must join a collective management organization or an independent management entity like Bridger.
To distribute their music on streaming platforms, artists generally go through distributors (such as Distrokid, CDBaby and Tunecore) who, in addition to distributing the titles, collect and pay the mechanical royalties to the artists. However, mechanical royalties are not performance royalties. Unknowingly, many independent songwriters are missing out on some of their music royalties.
More revenue for songwriters
By entrusting the management of their intellectual property to Bridger, songwriters are assured that their royalties are collected. Bridger’s digital platform is easy to use, intuitive and free.
“Bridger puts songwriters at the heart of its services by removing all financial barriers to entry. At Bridger, there is no registration or annual fees and artists keep 90% of their income. They therefore earn money as soon as their music generates listens on streaming platforms”, explains Jocelyn Seilles, CEO of Bridger.
Simplified administrative management
Signing up for Bridger only takes a few minutes. Songwriters simply need to provide certain information and agree to an online agreement that officially gives Bridger the right to collect royalties on their behalf.
Songwriters can then import and save their repertoire of musical works simply by linking them to their Bridger account. Members can also make a declaration of sharing between co-authors or any other contributor and choose the proportional distribution of rights accordingly.
Knowing the inner workings of the music industry is key to managing the income of an artist’s career. In addition to its copyright management service, Bridger offers educational resources on its blog that are free to everyone.
A series of audio podcasts will also be available in the coming weeks to answer questions independent artists may have about the music industry.
Annual results: April 26, 2022, before market
Access our media kit: http://bridgermusic.io/press
AudioValley, based in Brussels in the heart of Europe, has been a pioneer and leader in digital audio since 2007. Active across the entire value chain of its sector, and with a global network, AudioValley offers its customers & partners solutions to grow their business through digital audio, both locally and internationally.
The Group is home to iconic brands: Targetspot for monetizing digital audio content, Jamendo for music sales, Bridger for music rights management, Shoutcast for streaming technologies and podcast management, and Winamp, the iconic audio player .
The audio industry is experiencing an unprecedented digital revolution with ultra-connected consumers wanting to access the best audio content wherever and whenever they want. To respond to these new consumer trends, AudioValley is developing technologies to instantly benefit from the advantages of digital audio and services that create links between brands and consumers, between publishers and their audience, between publishers and brands, between artists and music lovers. . AudioValley is present in 9 countries and employs 150 people worldwide. www.audiovalley.com
Bridger, a subsidiary of AudioValley, is an independent copyright management entity incorporated in Luxembourg. It has the European legal status of EMI (Independent Management Entity, see Directive 2014/26/EU).
Launched in 2022, Bridger offers independent songwriters an innovative solution to collect their royalties from music streaming.
Joining Bridger requires no signup or annual dues and artists keep 90% of their earnings. They therefore earn money as soon as their music generates plays on streaming platforms.
Bridger also offers free information to artists through her blog, webinars and master classes. http://bridgermusic.io