A new industry identifier that supports and empowers the new generation of creators by helping create a pathway to rights, control and revenue. You will be able to be identified as a songwriter, and recognised when your music is being used on digital services.
It is for new independent creators and songwriters who want to protect their rights and safeguard their future songwriting revenues from ending up in the ‘black box’.
There are millions of new songwriters globally whose songs are streamed on digital services. They are not able to receive the revenue that is due to them, as their song rights are not licensed for the use, and they cannot be properly identified. The revenue remains unallocated on traditional music industry systems.
When you join MgNTa, you will be assigned an industry identifier. In the future, this will ensure the revenue generated on digital service providers can be identified correctly. Your identifier is connected to your digital wallet, where you can control your assets and participation data in your song rights.
MgNTa will go live in spring 2022. Sign up to Family in Music now to explore the platform, and be among the first to access MgNTa.
MgNTa allows you to register and maintain your rights information and any other participants in new songs you create. You can always access this data and make changes. We store this data safely and securely using on- and off-blockchain technology depending on the need to be able to change and edit the data.
MgNTa will create interfaces with third parties like PROs and Digital Service Providers (DSPs) where we create a gateway between the parties for data ingestion of rights owners data, administration of music use data and the process for revenue distribution to the original creators of the songs. This means that you will get the most accurate revenue much faster than before.
Registering ‘participation’ is all that is required for a DSP to be able to identify revenue.
Participation data would be:
LET IT BE. Lennon / McCartney
LET IT BE Lennon x% / McCartney x% / Sony/ATV Music Publishing (UK) Limited x%
We have created a specific fork of the Ark blockchain and utilise the creation of NFTs* to represent the actual participation in a song registration. We also use third-party KYC (‘know your customer’) authentication and audio fingerprinting to ensure truth and provenance in the registration process.
(* These NFTs are not tradable on any platform.)
By joining Family in Music and setting up MgNTa, you will be able to get an identifier without the need of joining a PRO.
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