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JKBX Partners With SoundExchange to Pay Artists For Bringing the Fans
Music investment platform JKBX will use SoundExchange to pay artists in its creator program a cut of its revenue based on page view traffic.
Music investing platform JKBX said on Wednesday it is partnering with SoundExchange to process payments to artists and songwriters who are a part of its creator program. Instead, the company’s deals are with record labels, music publishers and catalog funds that own the copyrights behind the royalties offered on the platform. But JKBX chief executive and Orchard co-founder Scott Cohen says the creator program was designed to “spread the wealth,” giving artists and songwriters a cut of the revenue generated by this new way to monetize music rights.
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