The Fair Music Platform
Decentralized streaming
The Fair Music Platform makes it possible for everybody involved in creating fantastic music to be paid according to the value they create. We believe this can spark a revolution in the global music industry that will provide resources enabling creators to produce more music and make a living off their work. Furthermore, it will promote the easy sharing of cultural expressions locally and worldwide.
A consortium of 3 different organizations presents the Fair Music Platform (FMP): the International Music Council, a professional organization focused on promoting the value of music in the lives of all peoples; New Internet Media, a technology company dedicated to developing internet-based solutions for music creators. Skap was founded in 1926 and is a membership association for music creators in Sweden with approximately 1,600 professional members – mostly active music creators and composers across all genres with members like Max Martin, Robyn, and Benny Andersson (ABBA).
The project is, in effect, the result of many years of discussion and advocacy at national, European, and international levels about the rights of music creators, in particular concerning fair remuneration and recognition.
Stakeholder consultation
Legal considerations
Establishing a platform like Fair Music requires meticulous attention to legal considerations. Given the complexity of these issues, the project team collaborated with a team of legal experts led by Thibault Verbiest, a renowned specialist in internet, AI, blockchain, fintech, and related legal fields. This collaboration aimed to thoroughly investigate all legal requirements and potential challenges associated with launching a new streaming service. Key areas of focus included licensing requirements, copyright law, agreements with performing rights organizations, compliance issues, and blanket licenses.
The findings from this legal research, combined with insights from a comprehensive stakeholder consultation conducted in 2024, will form the foundation for the upcoming Fair Music streaming platform. This approach ensures that the platform is not only innovative but also legally sound and compliant with relevant regulations.
