Jaxsta signs five-year commercial agreement with Songtradr

Jaxsta and Songtradr – two leading music companies founded by Aussies –  have entered into a new commercial agreement worth $1.92m.

The strategic five-year commercial agreement will allow members of Jaxsta Pro direct access to Songtradr’s Neighbouring Rights revenue collection service.

It will now be easier for Jaxsta users to initiate collection and ongoing management of their Neighbouring Rights income, with Songtradr to utilise Jaxsta’s music credits metadata to assist in the identification of uncollected revenue.

Jaxsta, founded in 2015 by Jacqui Louez Schoorl and Louis Schoorl, is the world’s largest public-facing, dedicated database of official music credits, and launched its music credit database in 2019.

This partnership continues to validate Jaxsta’s tech-enabled mission of providing accurate credit for music creators and rights owners.

“We are thrilled to be partnering with the team at Songtradr. We believe this new revenue-generating product will also drive increased adoption of Jaxsta Pro subscriptions,” Jacqui Louez Schoorl said.

“This partnership with Songtradr highlights the significant opportunities that exist in solving the data-centric challenges faced by the music industry. Songtradr can provide an enhanced global product leveraging the use of official metadata only available through Jaxsta.

“This service provides an additional benefit that Jaxsta Pro members will be able to access as we continue to grow the capabilities of the platform.”

Songtradr was set up by Paul and Victoria Wiltshire and is now based in LA. Earlier in 2020 the platform offered free digital distribution for Aussie artists for the remainder of the year.

“Jaxsta has solved a significant piece of the music industry data dilemma and has built a scalable technology solution that integrates neatly into our music rights ecosystem and licensing marketplace,” Paul Wiltshire said.

“Many artists and musicians around the world have been impacted by loss of earnings from live performance and this partnership allows us to increase our capacity to collect unidentified and unclaimed revenue during these unprecedented times.”

Jaxsta Pro continues to be free for the remainder of 2020 in support of the music community, in response to the COVID-19 pandemic.

In September, Jaxsta Pro had surpassed 60,000 members.