Jammber, the digital platform that helps artists track music projects and credits, has acquired music rights management company TuneRegistry. No sum was disclosed. The 6-year-old Jammber is in the process of bolstering its royalty management capabilities. Using TuneRegistry, a rightsholder pays a subscription fee (starting at $15 per month) for the ability to self-register music rights ownership information directly with more than two dozen North American meta-data companies and PROs, including ASCAP, BMI and SESAC.
A rightsholder who does this through a third party often loses up to 20% of royalties to administration fees, according to TuneRegistry, and may need to wait up to six months to get royalty payouts. But on TuneRegistry, rightsholders keep 100% of their copyrights and royalties. TuneRegistry co-founder and CEO Dae Bogan will move to Jammber as Senior VP of Global Music Rights. Bogan will continue to oversee operations and product strategies for TuneRegistry, which becomes a wholly-owned subsidiary of Jammber.
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