Exit Live has launched its online portal offering artists and labels at every level the opportunity to monetise live recordings. The UK-based company has opened registration for the beta launch of the service.
Acts who register with the service are able to sell live recordings of recent performances or historic gigs as a download. Exit Live takes 20% of sales and pays mechanical royalties to songwriters and publishers.
Developed by music and tech experts, Exit Live is designed to be an artist-friendly tool for bands and singers to sell concert recordings and sessions to their audience base. Fans can register on the platform to follow artists and be updated on new recordings.
Artists, labels and other rights holders retain control of their copyrights, as well as the price point for a download on Exit Live. Revenue generated from cover versions is set aside and royalties paid to rights holders.
We want to empower artists and make sure that they are rewarded transparently
Founder of Exit Live, Giorgio Serra, said: “Right from the very beginning we have built Exit Live from the artists’ point of view, artists first - always. For everyone that’s been involved it’s a passion and it is about making a change for all artists. It’s been a labour of love for all of us and we want to empower artists and make sure that they are rewarded transparently, properly and when they choose. There are many negative issues when it comes to artists being compensated properly, we want to change things positively and I hope that what we are doing, will be a positive step in that direction”.
As well as bands, the service is open to DJs, orchestras and instrumentalists to sell live recordings. An embeddable widget allows all artists to list the concert dates and recordings on their own website.
Exit Live pays approved venues registered with the service 3% of total net sales, which is taken from the company’s own fee from the sale of live recordings.