Of course! You’re exactly right- the music industry is a massive, consolidated, and ruthless industry; but it’s also struggling in a big, big way. Jimmy Iovine, founder of Interscope Records and Beats Music, and former CEO of Apple Music had this to say about the state of the industry:
“There’s just a problem here that needs some sort of solution, and I want to contribute to it. Goldman Sachs may think it’s solved, but I don’t. We’re not even close.”
So in short, we’re with Jimmy- trying to fix the broken record. In a few more words, we’re providing solutions to the industry that will allow:
Artists and fans (our users) to more trustfully engage using a unique identity-verification tool
Artists to maintain ownership of EVERYTHING they create
Seamless digital rights management for the consumption of artist content
Delivering the direct value to users of:
Immediate and transparent payments to artists on a per-stream basis, in their preferred currency
Enhanced opportunity to engage with your fans as an artist, and your favorite artists as a fan
there will be a lot of development that pays attention to every problem that is found if it is already running.
I think, periodic updates will continue