Brief: Audiovalley Creates Business Line Devoted To Collective Music Rights Management

Winamp SA

08/12/2020 17:18

Dec 8 (Reuters) - AUDIOVALLEY SA  ALAVY.PA :
    * ANNOUNCES CREATION OF JAMENDO RIGHTS MANAGEMENT, A NEW
BUSINESS
LINE DEVOTED TO COLLECTIVE MUSIC RIGHTS MANAGEMENT
    * THIS DECISION BUILDS ON JAMENDO MUSIC PLATFORM'S ADOPTION
OF
INDEPENDENT MANAGEMENT ENTITY (IME) STATUS IN FEBRUARY 2019
    * RIGHTS MANAGEMENT IS EXPECTED TO BEGIN POSTING REVENUE IN
2021
    * WITH THIS NEW BUSINESS LINE, JAMENDO TEAM WILL BE ABLE TO
EXPAND
SCOPE OF THEIR EFFORTS TO MANAGE AND MONETISE MUSIC RIGHTS ON
BEHALF OF 40,000 ARTISTS REPRESENTED ON PLATFORM

Source text for Eikon:  ID:nBw3djMv7a 
Further company coverage:  ALAVY.PA 

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