Paperchain solves the problem of unpaid royalties in the music industry.
When music gets played, it generates a royalty.
However not all royalties get paid to the artists, songwriters or the correct rights owner due to identification issues. When rights owners are unidentified, the unpaid royalties are held for a period of time before being dispersed back into the industry.
Of the music industry's $26bn royalties revenue, $2.5bn is held in royalty black boxes. In most cases, rights owners are unaware their catalog has unpaid royalties.
Paperchain provides a rights data exchange platform for labels, publishers, rights organizations and service providers.
Labels and publishers are able to identify their catalog's unpaid royalties and start earning full catalog earning potential.
Rights organizations and service providers can make unidentified titles easily searchable and available to labels and publishers through the Paperchain platform.
Location: United States, New York
Member count: 1-10
Founded date: 2017