Audiam helps songwriters find and receive lost royalties for their compositions
Free! Streaming! Music! It’s almost too good to be true. And for many of your favorite indie performers it probably is.
While Taylor Swift’s recent squabble with Apple Music raised awareness of just how few musicians receive the royalties owed them, the battle continues for Jeff Price, CEO and founder of Audiam.
Audiam is a Manhattan-based startup that works to level the playing field for smaller songwriters by seeking out every penny earned through online streaming.
Now, the small team at Audiam fights for what Price sees as a songwriter’s moral right in an increasingly complex system.
“There are all these technology companies using music,” Price told us, “and they turn to the music industry and they expect [them] to operate like a technology company. But that’s not what we do – Warner Bros. Records doesn’t make smartphones any more than Apple recorded the song ‘Hotel California.'”
Audiam discovers lost royalties by combing through copious data with a sharp eye and in-depth knowledge of songwriter’s right. With Audiam’s databases, Price said, “I have the blueprint to audit the world on behalf of my client.”
Any songwriter can use Audiam, although the company’s more well known clients include Metallica, Red Hot Chili Peppers, and Jason Mraz.
You can check out Audiam here.
And for more information on the complexities behind musical royalties, check out Price’s podcast 21khz: The Art of Money in Music.
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