WOODLAND HILLS, CA - Music Reports, Inc. today announced that it is working with Rdio, the new social music service from the founders of Skype and Kazaa, to administer the mechanical licensing and royalty accounting for Rdio´s music subscription service in the United States.
Pursuant to the agreement, Rdio will participate in Music Reports´ licensing and reporting program for digital music services. Under this program, Music Reports pays royalties to, and prepares music usage reports and royalty accounting statements for, more than 20,000 music publishing administrators representing more than 90,000 publisher payees. Then publishers conveniently download the music usage reports and accounting statements from password-protected Music Reports Websites.
"We are excited to be selected by Rdio to manage their mechanical licensing and royalty accounting obligations", said Douglas J. Brainin, President and CEO of Music Reports. "We are confident that this exciting new service will rapidly attract subscribers, thereby generating significant royalty income for music publishers."
Music Reports, Inc. (www.musicreports.com) is the leading provider of music rights administration services in the United States. The company´s proprietary systems and applications set the standard for technology in the music industry. Music Reports also maintains the largest database of music copyright information in the world, the Songdex® database. The company offers a full spectrum of music rights administration services, including: copyright research; music clearance; sales data consolidation; music usage reporting; royalty accounting; and royalty payment. Music Reports clients include the world´s largest television and radio broadcasters, digital music services, background music services, major record labels, mobile carriers and aggregators, and consumer products companies. Music Reports is a portfolio company of ABRY Partners, one of North America´s leading private equity investment firms, which is focused on media and information services. To learn more, please visit www.musicreports.com
Rdio brings music alive with its social music service where you can discover music through friends and tastemakers. Rdio takes the work out of the deciding what to play next and connects the music in your Web browser with your mobile phone. You can play as many songs you want, anytime, anywhere. Rdio was founded by Janus Friis with Niklas Zennström and Atomico, a leading technology investment group. To learn more, please visit www.rdio.com