US music payment and workflow management company Jammber has released a new royalty management platform called Jammber Splits.
The Splits app settles ownership percentages and captures all the necessary metadata needed to collect royalties.
The platform is comprised of three main components: tracking the people working on a song and their ownership, automatically registering that song and ownership across North American agencies and collecting royalties via Jammber Money.
Jammber says that Splits ‘is the first and only complete rights management service on the market’ and is also available in multiple languages, English, Spanish and French.
The app offers built-in song registration, which means that writers and producers can register their songs with their PRO (ASCAP, BMI, SESAC, SOCAN), Sound Exchange, and HFA directly from their phone for just $.50 per song.
Last month, Jammber announced their acquisition of TuneRegistry. The company got its start in Nashville’s Project Music, the music tech accelerator program, and has acquired over $5.5 million in investor funding since it’s conception in 2013
“What makes Jammber Splits different is how simple it is to use while also being flexible. Anyone can get started within a few clicks. The idea of writing a song with your friends one moment and registering it to get paid the next moment from the palm of your hand was thought to be impossible until now.”
Marcus Cobb, Jammber (pictured main)
Jammber CoFounder and CEO Marcus Cobb, said: “The song is at the center of the universe of music, and ownership is at the center of the song. It drives recognition, powers payments and royalties and even inspires further creation.
“When people are creating music together the conversations around ownership are incredibly nuanced. At Jammber we want to continually demonstrate how the psychology of great design can simplify complicated tasks and empower creatives and the entire industry to be more efficient.
“What makes Jammber Splits different is how simple it is to use while also being flexible. Anyone can get started within a few clicks. The idea of writing a song with your friends one moment and registering it to get paid the next moment from the palm of your hand was thought to be impossible until now.”
Added Cobb: “We built Jammber Splits with DIY creatives in mind but clean ownership data has broad industry impacts. Many times when a song is uploaded to the Internet it has information about the artist performing it but no information about the songwriters or producers.
“As a result, the majority of global organizations spend between 15%-20% of their operating budget trying to identify rights holders in order to get them paid from little more than a song title. A free ownership app available globally for Apple iOS and Android, in multiple languages, will bring down those costs for organizations all over the world.”
Music Business Worldwide
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