Verifi Media provides a rights management solution that utilizes distributed ledger technology to enhance the accuracy and transparency of ownership metadata in the music and media industries. By enabling real-time data collaboration among stakeholders, the platform reduces delays in linking musical works to sound recordings, thereby minimizing royalty payment errors and uncovering new monetization opportunities.
Funding
$5.8M 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
In the music and media industries, tracking, licensing, and monetizing ownership metadata related to intellectual property can be challenging due to numerous stakeholders operating asynchronously. Linking musical work identifiers to sound recordings often experiences delays, leading to errors in royalty payments and missed monetization opportunities.
Solution
Verifi Media offers a data collaboration platform designed to match, enrich, and validate data across various parties in the music and media industries. The platform facilitates real-time data synchronization among stakeholders, ensuring that conflicts are identified early and new monetization opportunities are uncovered. By providing a shared surface for data correction, notifications, and enhancement, Verifi Media helps rights holders answer the question of "who owns the rights to this song?" much earlier in the chain. The solution is designed to be scalable, flexible, and dynamic, while protecting the privacy and integrity of client data sets.
Target Audience
The primary target audience includes music publishers, labels, CMOs/PROs, distributors, DSPs, and catalog investors seeking to improve data accuracy and transparency in rights management.
Features
- Comprehensive recordings-to-works matching services
- First-party data collaboration to keep data in sync across stakeholders
- Data scoring and validation services to clean and improve datasets
- Scalable and performant enterprise-ready architecture
- Faster workflows and improved data quality for teams and clients