Neighbouring rights, royalty collection and publishing group Fintage House has signed a deal with music business tech specialist IIP to create a new online platform for rights-holders.
The platform, which was discussed at Midem, will cover global distribution of master recordings, promotion and revenue collection in what the companies call real-time ‘digital music business management’.
The deal will combine Fintage’s skillset and the technology based on IIP’s existing all-in-one content and catalogue management/delivery system FUGA.
The tech company claims that FUGA is the only 100% web-based platform that allows artist management companies, record labels and distributors to operate under their own brand in the marketplace.
FUGA's current range of clients within the music industry includes over 300 online stores and services worldwide.
Both Fintage House and IIP will be hosting two invitation- only events at Midem this year for existing and future clients where they plan to discuss the nature of their new strategic partnership in full.
The events will feature performances from artists such as Kraak & Smaak (DJ Set), Hipnotik Orchestra featuring Andy Smart, US female artist Truth Hurts and UK male artist KOF.
Both companies herald from the Netherlands. IIP, a techn development business with an HQ in Amsterdam plus offices in Paris and New York, counts its main objective as ‘building solutions and infrastructure for the music industry’.
Fintage Co-CEO Niels Teves (pictured) told Music Week: “As a company we are traditionally and rightfully focused on all things global; so much so that you sometimes forget to see what great things are happening right on your own doorstep.
“FUGA is helping the music industry to align itself with the fast-changing environment we are operating in. We are looking forward to working with IIP on this exciting new step and setting industry standards together.”
Said Martijn Tjho, CEO of IIP (above left): “My life and business mantra is to ‘value the difference’.
“Fintage House is different from IIP as a company in terms of products, services and culture. Aligning the two creates a very advanced, reliable and sustainable business for our clients and business partners. It’s a win-win for everybody that is involved in our domain.”
Last year, Fintage House entered into a strategic business development with Damian Pulle’s Rights Agency Limited (www.rightsagencyltd.com) to strengthen its global neighbouring rights collection operation.