The collaboration will connect Jammber with companies such as Universal Music Group, Spotify, YouTube, Soundcloud, and Netflix. In a press release on the collaboration, it’s reported that “[a]n astonishing 30-50 percent of revenues never reach the bank accounts of the music performers and songwriters their owed to. There is currently no efficient way to track music rights, ownership or payments, largely due to outdated inefficiencies, a highly paper-driven process, disconnected silos and poor communication.” These companies will come together as the Open Music Initiative to bring awareness to music and creators’ rights. In the press release, CEO Marcus Cobb emphasized the role that fairness plays in the music industry and the importance of Jammber’s partnership with Open Music Initiative to bring awareness to these issues: Though the collaboration is in its very early stages of completion, the news will still have a significant effect on the Chicago music and tech industry. Image via jadepalmer / Flickr.
