Collectively, these exchanges license music and data to thousands of music services around the world and generate billions of dollars in royalties every year. The network also supports other music business exchanges that serve a variety of functions.
Rights Exchanges issue and/or administer licenses (when applicable), collect license fees from licensees, and distribute royalties to music creators and rights owners. Currently, TuneRegistry only supports rights exchanges in the United States. We will be launching foreign territories in the near future.
Metadata Exchanges aggregate information about music (metadata) and then license their databases to digital music services (apps, websites, devices, etc.) to power features such as Search, Playlisting, Recommendations, Audio Recognition, and more.
Other Exchanges serve a number of functions to support the music industry: from supplying music sales data and airplay monitoring, which informs music charts, to the issuance of unique music identifiers such as ISRC and UPC.