About 2017-01-16T03:12:58+00:00
Rebooting the online music business...
Copyright
By eliminating the middlemen and collecting societies in addition to reducing transaction fees – payments to right owners will increase several times and time to payment decrease from up to 3 years to 30 days.

Securing more money, faster – for the owners of copyright.

What made this possible was bitcoin and the underlying technology – Disatributed Ledger Technology aka blockchain…
Over the last 30 months we have put together a system of services that can be divided into 3 major services.
1)      Registration
2)      Release
3)      Licensing and payments

Registration.
Adapting the principles of an IPO (Initial Public Offering) on the stock market, you register copyright musical works uniquely with shares according to agreed royalty distribution. When that musical work is recorded the same principle applies, – a registration on the Internet Music Exchange is done.

Release.
When the song is released to the digital retailers (i.e. Spotify, Apple Music, iTunes, YouTube etc.) the digital clearing kicks in. It’s released into Internet Music own digital cloud, that uses technology (based upon DLT) that redefines all we presently know about Internet – makes it safer and more efficient. We call it Music as a Service (MaaS) and “everybody” has access to it (as long as they pay).

Licensing and payments
For a retailer to release the music to their subscriber they have to clear the licensing with the Internet Music MaaS.
And almost immediately the money transferred to a Digital Wallet according to registries shares on the Internet Music Exchange (both in musical works and recordings).
Digital wallets on the mobile phone can be used to pay for goods or services immediately. Or transferred into a bank account within a day or two.

Core team

Thor Pettersen

Thor was the first to (legally) put music on the mobile phone and the first to integrate mobile music in a social network (Microsoft IM) with partners Sony Music (then BMG) and Microsoft MSN back in June 2004.
From acquiring 85 000 subscribers in a month when launching music to mobile phones to today’s complex social media, Inbound Marketing and SEO – he believes in a programmic approach to digital communication.
After discovering Distributed Ledger Technology (DLT) 3 years ago – Thor is convinced that anything that requires paper based proof today will be digitalized with DLT in the (near) future.

Rebooting the music industry is his first goal…

Guy Fletcher OBE, (Hon)DLitt, FRSA

Guy has been a respected songwriter since the sixties. Recordings of his songs by Elvis Presley, Cliff Richard, Ray Charles, Frankie Valli, Joe Cocker and many other international stars have ensured Guy’s place in British pop history.
He joined the board of the PERFORMING RIGHT SOCIETY in 1998 and was elected Chairman  on January 1st 2011, a position he held until December 31st 2016.
Guy was honoured by the Queen in 2005 with an OBE for services to British Music.

Nick Kounoupias

A tireless champion of the client’s cause.
Nick is an international Anti-Piracy IP, media and music law expert with over 25 years experience.
Nick’s extensive experience in all areas of intellectual property work, and in particular his expertise in Anti-Piracy and anti-counterfeiting work, copyright, design and trade mark infringement, collecting societies advice, music law advice, cultural property and international justice work makes him an extremely valuable member of the international team.

Brian Scholfield

Since qualifying as a Chartered Accountant Brian has worked at the highest level of the record and music publishing business principally in the commercial and financial arenas and more recently as CEO. He set up the back office from scratch for MCA Records (now Universal) when it was commencing operations in the UK and for Rondor Music in Los Angeles following the sale of A+M Records which had hitherto carried out all the back office functions. As CEO he has taken a company from private to the junior exchange OFEX and then onto AIM. He has negotiated licensing agreements with EMI and manufacturing and distribution agreements with CBS and has been involved from a non creative view point with the acquisition and development of music/media rights in every conceivable area.

Tom Bradley

Chair positions..CLA( Copyright Licensing Agency), MCPS ( and Co-Chair of PRS for music ), and MPA ( Music Publishers Association).
Copyright Licensing Agency …Independent Chair. (5 years)
EMI Music Publishing ……( 9 years )…Deputy MD/ Finance Director