The music industry might be seeing a revolutionary change very soon in music management. In what seems like a plan to directly combat the long-standing issues with music piracy, Iconic Artists LLC, has launched beta testing of its copyright infringement reporting software, titled ‘StreamTrack.’
Iconic Artists is a music technology company created last year, to help musical rights holders accurately and efficiently track, report, and collect royalties for the use of their musical works. The company describes itself as a “group of industry leading artists, technology visionaries, lawyers, music executives and IT professionals who have teamed up to build a disruptive technology platform to bring greater transparency and efficiency to streaming music royalty tracking and reporting for the emerging global-cloud music industry.”
The purpose of StreamTrack is to “help songwriters, musicians and other rights’ holders keep track of their intellectual property.” The software has a real-time tracking program imbedded inside of it that is supposed to accurately log and report instances of copyright infringement that’s related to music streaming. Iconic’s goal for the software is to have it become a standard tool in the music industry used for ‘accountability and transparency.’
Michael J. Flynn Jr., The founder of Iconic, stated in a press release, that “[i]ndependent Labels have historically been at a disadvantage to the big three due to the difficulty’s in effectively and efficiently identifying instances of infringement. . . StreamTrack gets the evidence to help put more money in right’s holders’ pockets. We have already identified tens of millions of dollars in infringements. The time is unquestionably now to capture data for use now or in the future. There are literally billions of dollars in potential claims out there.”
While this news is great for rights holders for musical works, there lies the question as to whether this software is able to differentiate between actual copyright infringement and genuine musical use that falls under fair use. Since the beta was just released yesterday, only time will tell whether this is the case or not.
If you want to further look into the SteamTrack technology, and if you want to read Iconic Artists’ press release for the StreamTrack software, you can check out their website here at this link for more.