There are tons of new songs released every day, many with very little metadata and a lack of link identifiers, which creates a huge problem for the music industry." In order to solve the long-standing "black box" royalty problem in the music industry, special database recently, Björn Ulvaeus, a member of the well-known Swedish music group ABBA, and his music producers Max Martin and Niclas Molinder jointly launched an online free music collaboration platform Session.
In "Changing the mechanics of how the music industry motivates and rewards creators". What we're curious about is why so many royalties are not distributed correctly every year when most musicians can't live off their music? And how will the newly launched Session solve the thorny historical problem of "black box"? 1. The "black box" solution of Session Due to metadata issues, $655 million in global copyright revenue is not allocated correctly each year. Metadata generally refers to the information.
We see on music streaming platforms that are closely related to songs, including song title, artist, lyrics, composer, record label, distribution company, and more. These data need to be synchronized with the dissemination and circulation of songs among various platforms and various media, as the basis for the distribution of copyright income. Due special database to the incomplete release of creator data and inaccurate downstream distribution, so many annual royalties are unknown and not paid accurately to music creators. This phenomenon is called the "black box phenomenon". Since these royalties are not attributed to specific musicians, they are basically in an unclaimed state, and eventually flow to record companies or streaming media platforms.