Curated News
By: NewsRamp Editorial Staff
May 01, 2024
One Media iP CEO Discusses Robust 2023 Performance and Innovations in Music Rights Management
TLDR
- One Media iP Group PLC CEO highlights robust 2023 financial performance, resilience, and profitability, maintaining a focus on recurring income from music rights.
- Advancements in technical copyright analysis tool (TCAT) subsidiary, leveraging AI to combat music piracy across major platforms like Spotify and Apple Music.
- The new desktop application called TCAT Protect helps artists and labels ensure their music tracks on streaming platforms are correctly reported and compensated, representing a significant step forward in music rights management.
- The resurgence of vinyl and its impact on their business strategy is noted as an operational highlight from the year, offering insight into industry trends and influence.
Impact - Why it Matters
The news is important for music industry professionals, investors, and artists as it highlights the company's resilience and profitability in a challenging global context. The advancements in copyright analysis and the introduction of TCAT Protect represent significant steps forward in music rights management, potentially impacting the way music piracy is combated and ensuring fair compensation for artists and labels.
Summary
One Media iP Group PLC CEO Michael Infante discusses the company's robust 2023 financial performance and innovations in music rights management. Despite global challenges, the business has maintained a focus on recurring income from music rights, paid dividends, and successfully navigated industry challenges. Infante also detailed advancements in its technical copyright analysis tool (TCAT) subsidiary and introduced a new desktop application called TCAT Protect, designed to help artists and labels ensure their music tracks on streaming platforms are correctly reported and compensated.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, One Media iP CEO Discusses Robust 2023 Performance and Innovations in Music Rights Management
