Music Industry and Technology Leaders Join Leading Academic Institutions to Launch Open Music Initiative

Berklee College of Music’s Institute for Creative Entrepreneurship (BerkleeICE) announced today a groundbreaking initiative called The Open Music Initiative (OMI) to dramatically simplify the way that music creators and rights owners are identified and compensated – a thorny issue that has challenged the music industry and stifled creator incomes and industry revenues since the dawn of the digital era. The effort will combine BerkleeICE’s expertise in the music industry with the MIT Media Lab’s expertise in decentralized platforms to help advance the development of open source frameworks and innovation related to music rights and their associated uses in all media forms.

In addition to BerkleeICE and researchers from the MIT Media Lab Digital Currency Initiative, the OMI working group also includes researchers and faculty from University College London and other leading academic institutions. Operational and strategic guidance will be provided by IDEO, the global design and innovation company, and Context Labs, a media tech company that is leading and coordinating the technical platform for the project.

Source: Press — Open Music Initiative

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