AMRA signs multi-territorial digital licensing deal with ole

06 February 2017 - Press release

AMRA, the first global, direct, digital collections society, announced a deal today with ole, the world's fastest-growing independent rights management company, to license the performing and mechanical rights in certain ole catalogs to digital music services on a multi-territorial basis outside North America and other specific countries.

The deal will allow ole and AMRA to collaborate on licensing and data acuity in the digital space leveraging their respective proprietary technology platforms.  This will include ole benefiting from AMRA's unique global digital music licensing model that was launched in April 2015. Key benefits of AMRA's centralized approach to digital collections include:

• Improved matching and increased claims: AMRA is uniquely able to more accurately and efficiently match and process the enormous amount of digital data generated by DSPs around the world.

• Global reach: AMRA currently has digital licensing agreements with over 20 DSPs around the world.

• Faster Payment and Reporting: AMRA is able to account 8-12 months faster by collecting directly from the global DSPs.

AMRA CEO Tomas Ericsson said "We are thrilled to have ole partnering with AMRA. ole is one of the most innovative music companies out there with a very strong client roster that will now be able to benefit from AMRA's new centralized collections model. ole is a technology-driven company that matches our values on transparency, accuracy and speed of accounting and we look forward to working with Robert and his team in the coming years."

"ole is pleased to be working with AMRA's strong platform for the benefit of our clients in the internationaldigital space," said Chris Giansante, Senior Vice President, Finance & Administration of ole.  "Working alongside Tomas and his team, we're confident that ole's global collections will increase, benefitting our stakeholders in 2017 and beyond."