French CMO SACEM has signed up to explore Deezer's artist-centric streaming model for publishing rights.
The partnership will test new ways to reward songwriters and publishers, and reimagine the way publishing rights are monetized in streaming to ensure fairer compensation for rights owners. Deezer and SACEM will do this by analyzing streaming data and evaluating the viability of different economic models.
The deal follows Deezer’s partnership with UMG to launch its artist-centric payment model for recorded music earlier this year.
“SACEM is a world leader in managing music authors rights, and we’re delighted to join forces to explore how we can develop the way publishing is monetized in the age of streaming,” Deezer CEO Jeronimo Folgueira.
Based on Deezer’s analysis, the following steps are being integrated into its artist-centric model:
“By proposing an alternative remuneration model via 'Artist Centric,’ we welcome Deezer's desire to put creators and publishers back at the heart of their concerns,” SACEM CEO Cécile Rap-Veber said. “This is why we felt it was essential to launch this in-depth study, which we hope will make it possible to increase the value of streaming for our members.”
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