ABBA’s Björn Ulvaeus is launching a metadata campaign to ensure musicians and artists receive the right amount of royalties owed to them.
On Tuesday, September 21, ABBA’s co-founder and CISAC president announced a new global project called Credits Due, which will aim to improve payment processes in the music industry.
The project, which was unveiled at the Ivor Novello Awards in London by the Ivors Academy and the Music Rights Awareness Foundation, aims to “unite the approach of the music industry to ensure that complete and accurate song metadata is attached to all records at creation time. . “
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Björn Ulvaeus co-founded the Music Rights Awareness Foundation in 2016.
Right now, missing and incomplete data means that around £ 500million is unallocated or misallocated globally each year.
“It happens all the time,” Ulvaeus told the BBC. “This means that the streaming providers have no idea who to pay for.”
Fans will also see the correct credits for songs, from songwriters and producers to musicians and session engineers, thanks to the program.
According to the announcement, five pieces of information are required: Creator IDs and role codes (IPI, IPN and ISNI); musical work identifier (ISWC); registration identifiers (ISRC); song title and alternative song titles; and the names of the authors, performers, producers and contributors.
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This project aims to ensure that this data is not missed when creating new songs, by accurately and accurately recording this data early in the music creation process, to ensure that everyone involved is paid.
All producers and collaborators can be identified and appropriately credited if this metadata is linked to all new recordings and songs released on streaming platforms.
“Every new person who enters the recording studio will be recorded,” Ulvaeus said. “So even in a symphony orchestra every member will be clickable.”
Currently, when music is streamed to streaming platforms, such as Spotify, this vital data is often missed. This metadata is also missing when recording for CD or vinyl.
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This data needs to be synchronized with databases around the world to ensure the right people are paid when a song is streamed, purchased, or performed.
This does not always happen, and the problem is getting worse with 60,000 new songs added to Spotify every day. “Can you imagine what a mess this is?” Ulvaeus thought.
While public awareness of the value of songwriting and intellectual property has grown in recent years, people’s awareness of the shortcomings of the industry’s traditional payment structures, which underpay or fail to pay. often not credit creators and rights holders, has also increased.
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Ulvaeus, said: “I couldn’t think of any better event to launch the Credits Due initiative than at the Ivor Novello Awards. You could say that we are celebrating all of the great British and Irish songwriters and songwriters by launching this open and inclusive collaboration with The Ivors Academy. “
“We want to raise awareness and provide solutions to well-known and, to say the least, frustrating problems in the songwriting community. It’s very simple, music recordings should credit everyone involved and thus ensure that the right people get paid.
“People ask me why it isn’t already and I don’t know what to say. Today, in 2021, there really is no excuse. If we get credit due, it’s a win-win for the whole music industry. Fortunately, a lot of good work is underway and we look forward to further industry support to finally give creators the financial recognition they deserve.
[Via BBC and Variety]
Aneesa Ahmed is Mixmag’s digital intern, follow her on Twitter