“…we think it’s worthy of our efforts to provide [music’s] creators with the ability to be fairly and transparently compensated for their work and talent.”
Los Angeles, CA (PRWEB)
September 15, 2017
Even though The Beatles once famously sang “I don’t care too much for money, money can’t buy me love,” it is clear today that artists have limited options available to monetize their songs. Vezt Inc. has announced a solution that aims to revolutionize the music industry: let artists select percentages of the rights to their songs to offer for sale to fans, friends, rights-buyers and brands. The company plans to track and collect royalty income via its blockchain-secured, app-based platform starting in Q1 2018.
“We believe that music is one of the few mediums that can literally transform life,” said co-founders Steve Stewart and Robert Menendez in a statement. “It can provide solace and comfort to those hurting or in need, joy and excitement to an experience or event, and even has the ability to transcend time and space with the emotional nostalgia that hearing a favorite song can trigger in one’s mind. It’s powerful and magic and we think it’s worthy of our efforts to provide its creators with the ability to be fairly and transparently compensated for their work and talent.”
— You Can’t Always Get What You Want –
Today’s music industry is fragmented, leaving most artists with few options to generate real income growth.
Record labels and music publishers are only focused on a few blockbuster releases.
- Both developing artists and successful, established artists alike are constrained to heavily unbalanced deals that rely on antiquated protocols which lack transparency.
- Individual songwriters often have copyrights in numerous compositions, but have no way to directly monetize their rights, or to develop new income streams outside the traditional publishing model.
— Who Are You? —
Vezt is universal in who it benefits:
- ARTISTS: Any artist can benefit from Vezt. With the ability to finance music creation and collect royalties without unnecessary intermediaries, music creation can become a profitable business again for the artists.
- RIGHTS-BUYERS: Savvy music professionals (producers, A&R,…