, co-founder of ABBA and president of CISAC, unveiled a new global initiative called “Credits Due” on Tuesday that is intended to upgrade the music industry’s payment processes. The initiative, created by the Ivors Academy and the Music Rights Awareness Foundation and announced at the songwriter-based Ivor Novello Awards in London, is intended to “unite the music industry’s approach to ensuring that complete and accurate song metadata is attached to all recordings at the point of creation.
According to the announcement, five data points are required: creator identifiers and role codes ; the musical work identifier ; the recording identifier ; the song title and alternative song titles; and the writer, performer, producer and contributor names. If all new recordings and songs moving forward have this metadata linked, all creators and contributors can be correctly identified and credited.
As the awareness of the value of songwriting and intellectual property has grown in recent years, so has awareness of the flaws in the industry’s traditional systems of payment, which often leave creators or rights-holders under or uncompensated for their work. Ulvaeus, co-founder of Music Rights Awareness Foundation, said: “I could think of no better event to launch the Credits Due initiative than at the Ivor Novello Awards. You could say that we celebrate all the great UK and Irish songwriters and composers by starting this open and inclusive collaboration with The Ivors Academy. We want to raise awareness of and provide solutions to problems that are well-known and, to put it mildly, frustrating in the songwriting community.
Songwriter Fiona Bevan from The Ivors Academy added, “We are thrilled to be working with the Music Rights Awareness Foundation to launch Credits Due – an initiative that will move the industry in a better direction by ensuring that creators are paid fairly. As a multi-platinum songwriter and artist, I have personally experienced the pain of missing and slow payments, resulting from the lack of proper credit data, after writing huge hits.
I agree
'We want to get back to that experience we had when we opened a double-sleeved LP and listened to the songs while reading the liner notes,'
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