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Home Cryptocurrency Altcoins

rewrite this title Audius Expands Global Royalties with ICE Partnership

Editor-In-Chief, BitDegree by Editor-In-Chief, BitDegree
December 20, 2024
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Artists and songwriters on the Audius


AUDIO

$0.1630

platform have a better way to earn royalties for their music, thanks to a new partnership with the International Copyright Enterprise (ICE).

This agreement, announced on December 19, connects over 330,000 music rights holders to earnings from a broader range of regions, including Asia Pacific and sub-Saharan Africa.

By working with ICE, Audius ensures that music creators are fairly compensated when their songs are streamed in international markets. It also aligns with Audius’ goal of creating a more transparent and artist-focused music industry.

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Audius has been actively pursuing similar partnerships to improve how royalties are distributed. Other agreements with groups like ASCAP, SESAC, Kobalt, and BMI reflect its mission to help music creators earn income without relying on traditional intermediaries.

Shamal Ranasinghe, Audius’ chief business officer, highlighted the importance of this partnership:

Establishing an agreement with them (ICE) ensures that thousands of artists, songwriters, and other rights holders around the world can begin earning royalties via Audius’ global music marketplace.

Tim Rawlinson, ICE’s vice president of Licensing, praised the collaboration, stating, “We’re happy to collaborate with Audius, whose platform not only fosters deep connections between artists and fans but also opens up new revenue opportunities to ensure sustainable growth across unique digital ecosystems”.

While Audius secures a partnership with the ICE to fairly compensate musicians, Imogen Heap, a Grammy-award-winning artist, recently collaborated with an artificial intelligence (AI) music platform. What innovations did Heap make with this collaboration? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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