Audiam Gets More Funding To Chase YouTube Royalties
March 5, 2014 at 11:38 AM (PT)
A bevy of artists and music industry players have invested $2 million into AUDIAM (www.audiam.com), a seven-month-old startup that identifies unauthorized use of recorded music on YOUTUBE, sending that information to GOOGLE, tracking usage, collecting previously uncollected royalties, and distributing those payments to rights-holders.
The new investors include artists JIMMY BUFFETT and JASON MRAZ, artist/EPITAPH and ANTI- RECORDS owner BRETT GUREWITZ, manager/publisher/concert promoter BILL SILVA, digital cloud expert DAVID WILLEN, software engineer JONATHAN SIEGEL and composer/digital CEO SCOTT SCHREER.
"YOUTUBE is a sponge, which if squeezed correctly, rains money," AUDIAM Founder/CEO JEFF PRICE said. "The challenge is to create a cutting-edge, first-of-its-kind technology system built for the new digital music industry that can be applied to the analog world of antiquated, complex and confusing copyright. With these systems in place, the right people and copyright holders get paid more money more quickly, with as much transparency and efficiency as possible. We work to serve the artist, songwriter, musician, label and copyright holder and get them paid in the new digital model. This is what we do, and we do it better than anyone else in the world."
AUDIAM now represents a catalog of over 100,000 songs, including works written or performed by JASON MRAZ, DOLLY PARTON, PINK FLOYD, DAFT PUNK, NWA, MAGNETIC FIELDS, IRVING BERLIN, ELVIS PRESLEY, TORI AMOS, RODGERS AND HAMMERSTEIN, SUPERCHUNK, HERBIE HANCOCK, PRETTY LIGHTS, PUSCIFER, A PERFECT CIRCLE, PHIL COLLINS, GRAHAM NASH, KAYNE WEST, 50 CENT, BONE THUGS AND HARMONY, AIMEE MANN, GRIZZLY BEAR, GENESIS, PAUL MCCARTNEY, FRANK SINATRA, EMINEM, KENNY CHESNEY, LADY ANTEBELLUM, MIRANDA LAMBERT, YELAWOLF and thousands more.
AUDIAM’s clients includes independent artists as well as some of the most important music copyright holders in the world, such as IMAGEM (the world's largest independent music publisher, representing PINK FLOYD, DAFT PUNK, RODGERS AND HAMMERSTEIN, MÖTLEY CRÜE and thousands more), VELVET APPLE (DOLLY PARTON’s music publishing catalog), CORAL REEFER (JIMMY BUFFETT’s music publishing catalog), RUTHLESS ATTACK MUZICK (NWA’s music publishing catalog) and many more.