Jammber, a workflow and business management platform for musicians, has acquired music rights management startup TuneRegistry to integrate royalty management into its tools. This comes on the heels of the six-year-old company’s close of a $2.2 million funding round announced just a few months ago.
Music rights is a complex system — it’s estimated that creators fail to collect millions of dollars in royalties each year because they fail to properly register their music with the organizations that administer licenses and distribute royalties.
Founded in 2015 by music rights executive Dae Bogan, TuneRegistry saves musicians and collaborators time and money by simplifying and streamlining the complicated music rights registration process and metadata delivery. Essentially, it automates the process by allowing creators to send their original music to an aggregated group of all the organizations that register music in the U.S.
“This releases so much money back into the ecosystem — it’s a real game changer,” Marcus Cobb, founder and CEO of Jammber, tells Hypepotamus.
We immediately saw the fit with TuneRegistry — they’re the only company in the world who does this. We were going to build this before we talked to them.”
Cobb says the TuneRegistry capabilities will integrate directly into Jammber’s upcoming app, Splits, which will launch publicly during the A3C Music Conference & Festival next month. Splits will allow creators to collaborate (in English, Spanish, or French) and create work together, while receiving credit for each of their individual contributions.
Splits, which is free to download and use, will eventually feed into the larger suite of Jammber tools. Cobb likens the ecosystem he’s building to a “G-Suite for musical collaboration.”
The registration portion of Splits will cost 50 cents, a comparatively lower fee than the $15 per month for a TuneRegistry subscription. Cobb does intend to keep the tool as a standalone options for its thousands of subscribers that choose to stay on the platform.
“This isn’t a buy and eat, but a buy and grow,” he says.
Bogan has joined Nashville-based Jammber as the Senior Vice President of Global Music Rights, while the other founders have joined the company’s Advisory Board. Cobb says they’re heads down looking toward the Splits launch and beyond.
“Everyone has to register in North America to make money, even if they’re in Japan, even if they’re in Europe.” Cobb says. “We’re going to open up that bulk registration.”