Digital distributor Dubset Media announced on Tuesday it has partnered with Sony Music to bring its dance-centric catalog of master recordings to premium music services. Sony Music is the first major label to partner with Dubset and will now use the firm's MixBANK Rights Management Platform and Cross Clearance Network to monetize and manage its catalog to approved streaming platforms.
The MixBANK technology helps rights holders to identify samples in song recordings to identify the label and rights holder, while clearing the DJ set and remix of rights holders in order to offer a system that allows catalogs to be monetized efficiently.
Dubet Media CEO Stephen White said in a statement, "This is a watershed moment for Dubset that demonstrates how critical the MixBANK tool and programs are proving to be with rights holders.
“Hundreds of millions of music fans are streaming DJ and remix content, and labels, publishers, and performance societies need robust solutions for managing the use of their catalogs within this massive category of under-monetized music. We are honored that Sony Music has selected Dubset to help identify and unlock the value in these uses of their catalog,” said White.
Andre Stapleton, senior vp of digital partner development at Sony Music Entertainment, said, "We have worked closely with Dubset on a deal that not only protects our artists, but also provides us with the tools to harness new revenues for them, while amplifying the popularity of the original master recordings at the same time."
Bob Barbiere, Dubset Media's chief strategy officer and svp of global licensing added, "Poorly monetized user generated content (UGC) has already cost the music industry billions in lost revenue. DJ sets and remixes, like original music, must be independently registered, tagged, and cleared before entering any subscription music streaming service -- which up until now has not been possible. At Dubset we have solved this problem."
