The startup offers a songwriting and royalty management platform that enables songwriters, producers, and artists to accurately assign metadata and songwriting credits during the creation process. By streamlining the management of music rights and royalties, the platform ensures that rightsholders receive timely and precise payments from distribution societies.
Funding
$4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The music industry faces challenges in accurately tracking and distributing royalties due to fragmented data and manual processes. This often results in delayed or inaccurate payments to rightsholders, hindering fair compensation for their creative work.
Solution
Salt Music provides a cloud-based platform that streamlines music rights and royalty management from initial attribution to final distribution. The platform offers tools for usage ingestion, ownership matching, royalty calculation, and payment processing, ensuring accurate and timely compensation for creators. By automating key processes and providing a transparent view of royalty streams, Salt Music empowers music societies and rightsholders to maximize revenue potential and operate more efficiently. The platform's architecture is designed for scalability and interoperability, enabling seamless integration with existing systems and support for diverse royalty types, including Video-on-Demand (VOD) royalties.
Target Audience
Salt Music targets music collection societies, music publishers, and other organizations responsible for managing and distributing music royalties, as well as artists, songwriters, and other rightsholders seeking greater transparency and control over their earnings.
Features
- Automated usage ingestion from various sources, including VOD platforms
- AI-powered matching algorithms for accurate program-to-production and cue-to-work matching
- Customizable control over the automated matching process with a user-friendly interface
- Scalable royalty processing infrastructure designed for high-volume transactions
- Real-time visibility into royalty streams and granular insights for informed decision-making
- Support for various royalty types, including mechanical, performance, and VOD royalties
- Integration with existing back-office systems via APIs