YEREVAN (CoinChapter.com) — A new licensing agreement between Audius and ICE is opening royalty opportunities for over 330,000 music rights holders across multiple regions worldwide.
ICE Licensing Agreement to Benefit 330,000 Creators
On Dec. 19, the Audius partnership with International Copyright Enterprise (ICE) was announced. This ICE licensing agreement ensures music rights holders can receive royalties for their work across several territories, including sub-Saharan Africa and the Asia Pacific.
The deal enables artists, songwriters, and other rights holders to monetize their music on Audius, a decentralized music platform. By simplifying royalty distribution, the agreement strengthens Audius’ position in the global music ecosystem.
Audius ICE Licensing Deal․ Source: X Blockchain Music Royalties in the Spotlight
This collaboration highlights the use of blockchain technology in royalty collection and distribution. Shamal Ranasinghe, Audius’ chief business officer, noted the partnership’s importance:
“ICE is one of the most forward-thinking technology players in royalty collection and distribution. Establishing an agreement with them ensures that thousands of artists, songwriters, and other rights holders around the world can begin earning royalties via Audius’ global music marketplace.”
The Audius partnership demonstrates a focus on supporting creators through decentralized systems. These efforts simplify royalty processes and expand access for rights holders globally.
Supporting the Global Music Ecosystem
The Audius platform has pursued multiple collaborations to improve royalty access for rights holders. Partnerships with organizations like Kobalt, ASCAP, BMI, SESAC, and GMR reinforce its role in the global music ecosystem.
Audius has also introduced tools to enable direct support for artists through US dollar payments, enhancing its decentralized music platform’s appeal. These features aim to ensure transparent royalty management while connecting artists with their audiences.
ICE and Audius Align on Royalty Goals
Tim Rawlinson, ICE’s vice president of Licensing, emphasized the alignment between the two companies:
“We’re happy to collaborate with Audius, whose platform not only fosters deep connections between artists and fans but also opens up new revenue opportunities to ensure sustainable growth across unique digital ecosystems.”
ICE, known for its expertise in processing royalties and licensing, manages royalties for over 330,000 music rights holders. This partnership expands Audius’ ability to integrate decentralized technologies into royalty collection and distribution processes.
Blockchain Enhancing Music Royalties
The Audius platform, with its millions of unique monthly users, continues to integrate blockchain technology into the global music ecosystem. Its ICE licensing agreement broadens revenue streams for creators, ensuring a transparent and efficient royalty system.
