Spotify announced Wednesday that it has acquired Mediachain Labs,Action Movies | Adult Movies Online a Brooklyn-based startup, to help better attribute songs on the music streaming platform to artists and rights holders.
Mediachain Labs operates on the blockchain, a technology that offers a distributed database most often associated with Bitcoin. The hope is that this technology can be leveraged as a source for tracking music rights via a decentralized system.
Mediachain will "help further Spotify’s journey towards a more fair, transparent and rewarding music industry for creators and rights owners," Spotify wrote in a blog post.
Attribution is an abhorrent flaw in Spotify's system and a fix is much-needed especially as competition in the music streaming industry grows, with Apple Music, Amazon, and Google Play. Last year, Spotify paid more than $20 million to music publishers and a $5 million penalty to settle a licensing dispute with the National Music Publishers Association.
As TechCrunch noted, Mediachain has expertise in the music industry. Arkadiy Kukarkin, Mediachain's chief technology officer and first engineering hire, used to work at Hype Machine, a music curation aggregator beloved by Snap CEO Evan Spiegel. Mediachain cofounder Jesse Walden previously ran an artist management company.
"I was entrenched in a host of problems to do with music data, which can be summarized by saying that all the information about who made or owns music is fractured across zillions of proprietary databases, preventing artists from being paid and making life difficult for services wanting to pay them," Walden told Forbeslast year.
The terms of the deal were not disclosed. Mediachain's team will join Spotify's offices in New York.
Previous：AMD Radeon RX 550 + Intel Pentium G4560
Next：Operation Mensch
Dyson V8 Plus cordless vacuum: $120 off at Amazon
Hectic yet hilarious viral video shows how chaotic quarantine life is getting
Sick of at
Nonprofit files complaint against OpenAI's GPT
What cracked the Milky Way's giant cosmic bone? Scientists think they know.
Wordle today: Here's the answer, hints for March 26
Politician has BBC Dad moment in live TV interview and it's truly a sign of the times
Facebook just dropped a messaging app for couples
Waitin’ on the Student Debt Jubilee
'Bheed' actors speak about COVID
The fat bears are already extremely fat
Sick of at
What it means to be immune to coronavirus
Nonprofit files complaint against OpenAI's GPT
AMD Radeon RX 550 + Intel Pentium G4560
Sexting and nudes are on the rise during quarantine
Twitter will only show verified accounts on its 'For You' page
The best tweets of this week, because why not?
Big-League Bluster
Skype has a Zoom
Microsoft is preparing Windows 10 for foldable devicesThe music industry is going after YouTubeApple replaced 11 million iPhone batteries in 2018GoFundMe will refund donations to campaign for Trump's border wallGermany says Amazon's 1Flat Earthers plan a cruise but their voyage depends on a round planet'Jeopardy' contestant hilariously botched a question about Beyoncé and JayMichelle Obama gives George W. Bush the bear hug we all needApple to launch new iPod touch this year, report claims27 media companies band together in an attempt to sell better adsA giant octopus attacked the Staten Island Ferry in 1963, except notCostco is now selling a 27Lupita Nyong'o unveils her rap alter ego to her Instagram fansFacebook lets users share events in StoriesSick of police violence, black woman gets millions of views painting herself whiteThese googlyFacebook lets users share events in StoriesMom writes brutal letter after her sleepy teen asks for a tardy noteVerizon is testing Netflix'Super Mario Bros.' theme is a killer song for a gymnastics routine A New Year’s Recommendation: The Score to “Thief of Bagdad” How Did Prison Change Oscar Wilde? On “De Profundis” The Elliptical Life and Poetry of Etheridge Knight Sex toys, meet Sephora: The good and the bad of vibrators at mainstream stores Air fryer hot dog recipe from viral TikTok is an idiot Cure Your Loneliness. Do the Twist. Holiday Travel The Historically Complicated Sex Drive of William Byrd II Why Does the First Person Come First? Elon Musk buys Twitter, and Twitter users have a lot to say The Great Resignation hasn't quit in 2022 Rowan Ricardo Phillips on Steph Curry and the Golden State Warriors. 9 things we learned from MrBeast's Rolling Stone cover story Robert Frost’s Death Wish Apple Vision Pro: These 2 flaws are reportedly a huge concern behind the scenes The 13 funniest tweets of the week, from vibe shifts to wooden birds The best smart home deals to shop before Prime Day Tumblr's Hellsite High blog teaches new users how the site works Best Prime Day Peloton deal: 20% off Peloton Bike+ Scientists discover 'dancing' iron atoms in Earth's core
1.3975s , 10106.8125 kb
Copyright © 2025 Powered by 【Action Movies | Adult Movies Online】,Creation Information Network