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Monokrome launches new rights hub for managing catalogue assets
By Andy Malt | Published on Wednesday 25 September 2019
Music services company Monokrome has launched a new offering for its clients called Rights Hub which it describes as “an online contractual rights and file management platform for labels, artists, managers, and other rightsholders”.
The new set-up allows music people and companies to store all the assets associated with their releases in one place. That includes the actual content, relevant contracts, meta data and accompanying publishing and performing rights information.
Building and expanding on the company’s past data management services, Monokrome says the new Rights Hub is designed to make it easier to selectively and securely share assets in a consistent way with both new and existing business partners, “eliminating the need for double data entry”. Access to the platform is via a monthly subscription which depends on catalogue size, but starts at £15 for catalogues of up to 50 tracks.
Launching the new service, Monokrome Music CEO Lee Morrison says: “In this increasingly data-driven music industry it’s imperative that labels and others stay on top of their contractual obligations. We’re proud to launch Rights Hub as an affordable, one-stop solution for music rightsholders to manage all of their data and assets in a clear, easy and concise way”
“All too often both artists and labels lose out because rightsholders are unable to maintain full and accurate records of rights and the relevant contractual terms”, he goes on. “Many labels are acting outside of the rights granted to them – exposing them to potential litigation – while many artists and producers are seeing the continued exploitation of their rights after the contractual term with a partner has expired, losing them money and reducing the control they have over their creative output”.
