Marketplace for the $25B B2B Music Licensing Industry
National Performing Rights Exchange (NPREX) is a disruptive patent-pending technology for the $25B music licensing industry. This troubled industry limps along now, as it has for the last 100 years, with an expensive institutional licensing-framework. The industry has no systematic method for music publishers and labels to sell licenses directly to those who need them - the music broadcasters and streaming services. The solution is the NPREX platform, which consists of an exchange, a pricing algorithm that informs the determination of a willing buyer-willing seller price, standardized license contracts, and a clearing house mechanism that plugs into the current royalty payment system.