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Pex, the market leader in digital rights technology, is announcing a $57m investment round. The round was joined by existing investors with additional participation from Tencent, Tencent Music Entertainment, the CueBall Group, NexGen Ventures Partners, Amaranthine, and others.

The investment will help scale Pex’s Attribution Engine (AE), the licensing infrastructure for a better Internet. AE creates a single marketplace for digital content, transforming how creators, rightsholders, and platforms do business together by enabling fair compensation and increased access to copyrighted content. It stands to break the bottleneck of online content licensing once and for all.

“Attribution is vital to the Internet; it can help protect copyright without stifling creation,” says Pex founder and CEO Rasty Turek. “AE sets new standards in speed and scale and is the first platform capable of meeting today's content growth and demands. It replaces unreliable upload filters and takedown requests with real-time use authorization and licensing, benefiting creators while recognizing and compensating those whose works are sampled and shared.”

Governments across the world are moving to put legislation in place to address the growing imbalance between social media behemoths and artists who aren’t getting their fair share. Most notably, the EU’s Copyright Directive and its Article 17 set forth decisive, market-shifting legislation with global impact to address the value disparity in a meaningful way. “We live in a world where everyone is creating, mixing and remixing copyrighted works. But the ability to rapidly identify, attribute, and license them in real-time is the missing link to address the value-gap. Instead of fearing regulations, or finding loopholes to make them toothless, what if we relied on a better infrastructure for today’s Internet?” asks Pex COO Amadea Choplin. “If we could seamlessly compensate artists – if we could enable a culture of fair and universal attribution – then we could set the stage for a truly free and open Internet.”
 
“The solution to this puzzle lies not with litigation, legislation, or innovation alone, but with the combined strength of sound law, breakthrough technology, and durable social norms. In short, we need a leap forward in trust,” Choplin explains.
 
Pex has spent seven years breaking new ground and pushing technologies to new limits. "My vision has always been to deliver a set of technologies that brought transparency, accuracy, and most importantly trust to digital rights and content” notes Turek. “I feel Pex has now accomplished that and with this round of funding we are well positioned for what lies ahead."

24 May 2022 | Press release

Proper Clinches Global Supply Chain Deal With Classical Label Hyperion

  Sees Proper coordinate Covers product supply to global distribution partners  Deal includes warehousing, picking, shipping and invoicing Fulfilment of D2C sales   Proper Music Group, part of the Utopia family, and Hyperion, one of Britain’s leading classical music labels, have agreed a logistics and...more

24 May 2022 | Press release

DICE launches in Germany to take on ticket touts and give fans a new way to discover live music

  Discovery and mobile ticketing platform DICE rolls out today across Germany DICE helps fans to experience the best live events with personalised recommendations to shows they love, in turn supporting the German events industry as demand soars post-pandemic Partnerships in place with...more

24 May 2022 | Press release

PPL and PRS for Music appoint Helen Sachdev as Chair of joint venture

Helen Sachdev has been appointed Chair of PPL PRS Ltd, the joint public performance licensing venture operated by PPL and PRS for Music. Sachdev takes over from Theresa Robson-Capps and brings a wealth of experience as Chair and executive of...more

24 May 2022 | Press release

Madelaine Napoleone named VP, Marketing at Warner Music Canada

  Madelaine Napoleone is set to join Warner Music Canada as its new VP, Marketing.  She will be based in the company’s Toronto headquarters and report to Andy West, EVP and General Manager of Warner Music Canada. Napoleone will join Warner Music from...more

23 May 2022 | Press release

Music Venue Trust announces launch of music venue properties

Groundbreaking New Initiative Will Help Grassroots Music Venues Secure Long-Term Futures Nine UK Venues Identified for First Phase of New Scheme #OwnOurVenues   Music Venue Trust (MVT), the UK charity which represents hundreds of grassroots music venues, has announced an ambitious new initiative, #ownourvenues, that will help...more

23 May 2022 | Press release

peermusic U.K. has signed 3X Ivor Novello award-winning songwriter/producer, Brian Higgins to an exclusive global music publishing deal

 peermusic U.K. has signed 3X Ivor Novello award-winning songwriter/producer, Brian Higgins to an exclusive global music publishing deal, as announced today by Nigel Elderton, President, Europe & Managing Director, peermusic U.K. and Mike Sault, Head of A&R, peermusic U.K. The deal encompasses future works.   The...more

20 May 2022 | Press release

Sony Music Entertainment Launches RCA Records Greater China

Sony Music Entertainment (SME) announced today the launch of RCA Records Greater China. The new label will focus on signing artists in the Greater China region, expanding the company’s presence across the region and investing in artists looking to broaden...more

20 May 2022 | Press release

Warner Music Asia sign Mongolia hip-hop star Mrs M

Warner Music Asia’s regional label Asiatic Records has made its first move into Mongolia by signing Mrs M, a pioneer of the country’s lively hip-hop and RnB scene.Mrs M is one of the country’s most popular performing rappers and a...more

20 May 2022 | Press release

Julia Hummel appointed VP, Digital Strategy & Business Development at Warner Music Canada

  Warner Music Canada has appointed Julia Hummel to the new role of Vice President, Digital Strategy & Business Development.  She’ll help the label’s artists leverage the opportunities opening up in the web3 universe, as well as working to continue to...more

20 May 2022 | Press release

Driift sell over 85,000 tickets for Little Mix’s global livestream from the O2

  Final show on the band’s sell-out Confetti Tour experienced in realtime by fans in 143 countries  The livestream attracts an estimated audience of more than 200,000 - approximately ten times The O2’s capacity The event is also simulcast to cinemas worldwide, accounting...more

20 May 2022 | Press release

Coca-Cola launches global music platform ‘Coke Studio’ with vibrant new film

Platform Connects Emerging Musical Talent from Around the World Debuts with Global Film that Pays Homage to Queen’s Iconic ‘A Kind of Magic’ Track   Coca-Cola is expanding Coke Studio™, a music platform that builds on the program originally launched in Pakistan in...more

20 May 2022 | Press release

Supercharging Serendipity: Xposure helps artists skip the line to vetted music pros' ears

  Artists want guidance, to get outside insight into making music, but lack access to good guides and clear direction. They have to rely on luck, connections, or intense hustle to get it. Music execs, managers, and other professionals want to...more

20 May 2022 | Press release

Winners of The Ivors 2022 announced

At a ceremony in London today, the winners of this year's Ivor Novello Awards have been announced. Dave was crowned Songwriter of the Year. Having dropped the surprise Top 10 single Titanium in 2021, Dave's second album We're All Alone In This Together then hit number one in...more

20 May 2022 | Press release

UTA Music delivers their biggest Great Escape showcase to date, with CASISDEAD, Willow Kane, Bob Vylan, Scalping and more

Continuing their forward-thinking strategy to elevate the world’s most exciting new talent and shine a spotlight on some of the most important emerging scenes and cultures, UTA returned to Europe’s leading showcase festival The Great Escape in Brighton last week...more

19 May 2022 | Press release

Reservoir announces publishing deal with Roxy Music's lead guitarist, Phil Manzanera

Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced a worldwide publishing deal with Roxy Music’s lead guitarist, musician and songwriter-producer, Phil Manzanera. The deal includes works from Manzanera’s catalog, which features songs...more

19 May 2022 | Press release

Bauer Media Audio UK secures record 21M reach in new RAJAR results

Bauer Media Audio UK is today celebrating its best ever reach, securing an impressive audience of 21M across its stations. The results of today's Q1 2022 RAJAR release demonstrate the ongoing strength of radio, with more people than ever choosing it...more

19 May 2022 | Press release

YMU launch US entertainment division

SPEARHEADED BY VETERAN AGENT APRIL TOMBS, JOINED BY UTA'S SPENCER GOLDSTEIN AND ICM’S JARED GREENWALD Leading transatlantic talent management company, YMU, launches its US Entertainment division under the leadership of highly coveted and respected agent, April Tombs. The company - which holds...more

19 May 2022 | Press release

Global - Rajar Q1 2022 headlines

  The UK’s biggest commercial radio company Global celebrates its best-ever audience results, scoring its highest ever reach, hours and share. Global leads the commercial radio market in all measures, with a record-breaking 25.8m weekly listeners, 242m hours and 24% share.   Global also has the top three...more

19 May 2022 | Press release

Reactional Music Partners with Tuned Global for Real-time Music Personalisation in Gaming

- Reactional Music chooses Tuned Global as its music backend provider- Tuned Global music APIs and content delivery solutions provide Reactional Music with advanced tools to manage its music catalogue- Tuned Global’s Platform ensures game developers and gamers can search,...more

19 May 2022 | Press release

BMG announces new Marc Bolan and T. Rex music documentary

ANGELHEADED HIPSTER: THE SONGS OF MARC BOLAN & T. REX TO PREMIERE AT TRIBECA FILM FESTIVAL IN JUNE U2, Elton John, David Bowie, Ringo Starr, Nick Cave, Joan Jett, and acclaimed filmmaker Cameron Crowe are among a star-studded cast set to pay...more

19 May 2022 | Press release

Ivor Novello, Oscar and Grammy Award winning talents announce further education programme TheWRD to kickstart young creative careers in music

Pre-degree diploma in Creative Entrepreneurship launched by The Ivors Academy Oscar and Grammy winning Producer Paul Epworth and last year’s Ivor Novello Songwriter of the Year Jamie Hartman announce the launch Online and in person course brings together music industry leaders, expert...more

19 May 2022 | Press release

Amazon Music and Alfie Templeman launch a virtual festival in Minecraft to celebrate the launch of Mellow Moon

Featuring performances from Alfie Templeman, Everything Everything, Coach Party, Matilda Mann, The Vaccines and more ‘Mellow Moon’ festival performances live on Minecraft from Thursday 19th May   Amazon Music and Alfie Templeman have collaborated to create the world of ‘Mellow Moon’ inside the...more

19 May 2022 | Press release

Golden Globe Winner Lisa Gerrard signs new album with Atlantic Curve

LISA GERRARD - Golden Globe Winner for ‘Gladiator’ & legendary singer for Dead Can Dance - unites efforts with long-time collaborator and award-winning composer MARCELLO DE FRANCISCI to bring you ‘EXAUDIA’. This latest Atlantic Curve album is scheduled for release...more

19 May 2022 | Press release

New research confirms the Middle East and North Africa as thriving music region

IFPI, representing the recording industry worldwide, has today announced that music streaming charts are in development for the Middle East and North Africa (MENA), including IFPI’s first ever regional chart. The charts, which are expected to launch soon, will be...more

19 May 2022 | Press release

Alex Ho, Ben Lunn and Laura Reid among seven talented composers to receive PRS Foundation’s Composers’ Fund

PRS Foundation, the UK’s leading charitable funder of new music and talent development, together with Jerwood Arts, the leading independent funder for early-career UK artists, curators and producers, announce today (Thursday 19th May 2022) the latest talented composers to receive the...more

19 May 2022 | Press release

Voicy lands €1.2 million pre-Seed from Global Founders Capital to build the GIPHY for sound

  Leading tech figures from companies including Twitch, Spotify, Deezer and Snapchat back social platform that already has 1.1 million active users, integration with Viber and 35 million monthly plays   Voicy, an online content platform for discovering, creating and sharing sound-clips and...more

19 May 2022 | Press release

Endel Collaborates with Sony to Bring Audio Wellness to Sony’s LinkBuds series

  Now Endel soundscapes can help you relax, focus, and sleep in just a few taps, thanks to integration with Sony’s LinkBuds and LinkBuds S.  LinkBuds series now offer a seamless way to access Endel and its wellness soundscapes, thanks to a...more

18 May 2022 | Press release

IMPALA launches its new Changemaker Award to promote equity, diversity and inclusion in the independent music sector with Power Up as first recipient

IMPALA is launching a new award scheme, known as the Changemaker Award. Part of IMPALA’s diversity and inclusion work, the award aims to put the spotlight on projects that promote change in the independent sector and inspire others to take action....more

18 May 2022 | Press release

London Music Fund announces Ayanna Witter-Johnson as Ambassador & Trustee

  The London Music Fund is delighted to welcome multi-instrumentalist Ayanna Witter Johnson as an Ambassador and Trustee. The acclaimed singer, songwriter, pianist and cellist will join Nicola Benedetti CBE, YolanDa Brown, Jess Gillam, MBE, Chi-chi Nwanoku OBE, and Simon Cowell among others as an Ambassador of the award winning music...more

18 May 2022 | Press release

BDi Music signs Ellysse Mason to exclusive deal

Emerging artist and songwriter has 200,000 monthly Spotify listeners, 4m total streams     Independent publisher BDi Music has signed emerging artist and songwriter Ellysse Mason to an exclusive worldwide publishing deal. Signed to LAB Records, Mason has accumulated 430,000 followers across her social...more

24 May 2022

  • 40 top record labels ranked by revenue, market share and their game-changing superstars (see Analysis)

  • What could NFTs mean for the way music will be made? (see Features)

23 May 2022

  • Harry Styles' new album tracks claim all top 13 spots on Spotify global daily chart (see News)

  • Is the middle class musician disappearing? (see Comment)

20 May 2022

  • Ivor Novello Awards - winners announced (see News)

19 May 2022

  • The unheard battle over social media licensing (see Comment)

  • Sam Ryder on how he ditched his ego and found his joy (see Features)

18 May 2022

  • How do today’s musicians make money? (see Features)

  • LimeWire strikes licensing deal with Universal (see Digital)

17 May 2022

  • Jamal Edwards MBE to be honoured with Music Industry Trusts Award (see News)

16 May 2022

  • UK success at Eurovision 2022 (see Features, Showbiz, Live)

  • What does the #CryptoCrash mean for web3 and music? (see Comment)

  • Managers report delay in visas for performers wanting to enter UK (see News)

13 May 2022

  • BMG and Warner Music bidding to buy Pink Floyd’s catalogue (see Deals)

  • MMF: "What is currently an opaque black box of song royalties, needs to be transformed into a glass box" (see Opinion)

12 May 2022

  • MMF publishes Song Royalties Manifesto (see News)

  • Girl bands made British pop great – so where have all the good ones gone? (see Features)

11 May 2022

  • More on myth that 60,000 songs are uploaded to Spotify daily (see Analysis)