Why DigiRAMP - Control Your Rights and Revenue!
What is DigiRAMP:
With up to 70% of the world’s music being acquired without authorization, the industry has temporarily been in a state of market failure. Tackling this problem will require a backdrop of greater global harmonization of copyright law, combining associated reasonable enforcement measures with simpler, easier and faster licensing structures at price points that consumers find acceptable. Whilst it is essential to have a legal backdrop, the emphasis needs to remain on innovation and new attractive, convenient and legal digital services that music fans like using.
In many countries, some of the institutions and basic structures such as Collective Management Organizations (CMOs), access to the Internet and the ability to open a bank account may only now be in the process of being established, or may not yet exist at all.
DigiRAMP provides a CMO platform for rights and revenue to be protected and collected in a transactional marketplace.
As we move into the digital age, the role of collective management organizations will become more important, and efficient licensing mechanisms, operation, regulation and governance of CMOs will be increasingly highlighted. As the music industry becomes more and more global, ease of licensing will be key, although provisions need to be in place to ensure that the value of music does not become forever lower. As in the developing world collective management is still in its formative stages, the concept of mechanical rights, for example, is sometimes non-existent.
The importance of registration and data management ensures proper compensation for authors, performers, publishers and phonogram producers.
DigiRAMP anticipates and provides tools for current and emerging rights models to be easily adopted and implemented by all interested parties in the digital content supply chain.
It also supports need a global repertoire database containing accurate identification of authors, performers, copyright owners/licensees, studio producers, country of recording, international identification codes etc. for every recording. DigiRAMP supports every stakeholder in the value chain so that music authors and performers can reap the benefits that they so richly deserve.