Paying writers within 24 hours rather than 2 years
Revelator, BMAT and Teosto, have set a new standard for paying right-holders faster by processing Performance Royalties in near real-time.
In an industry-first partnership, Revelator, BMAT, and Teosto, have demonstrated a new standard for paying rights holders (songwriters and music publishers) faster by processing near real-time monitoring of BMAT radio performance royalties in conjunction with Teosto’s proprietary data set and using Revelator’s Data Management Platform & Original Works’ smart contract-powered Artist Wallet.
The pilot, organized over the summer of 2019, tracked the radio plays of three works on Finnish radio channels. Teosto provided the metadata, splits and user information for 3 songs and 19 rights holders. Revelator created a wallet for each of the rights holders involved, set up the smart contracts for the musical works, integrated BMAT’s API for radio plays and queried the ISRCs of the 3 songs several times per day.
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and scale your music business, today.