Business News Deals Digital

Audiam signs up Metallica and Red Hot Chili Peppers

By | Published on Wednesday 8 October 2014


TuneCore founder Jeff Price’s previously reported digital rights admin firm Audiam has announced that it has signed Metallica and the Red Hot Chili Peppers. The company will represent the bands’ publishing catalogue on digital services exclusively in North America.

The company will seek to ensure that so called ‘mechanical royalties’ on the two bands’ catalogues are being correctly assigned by digital platforms including YouTube – Price saying that in some cases up to 12% of such payments are being routed to someone other than the stakeholder, while 15-30% of sound recordings receive no royalties at all.

By forensically searching for these unpaid or misdirected royalties, Price says that his company has brought in $150,000 for its artists, $50,000 in the last four weeks.

“It’s sex, drugs and rock n roll vs technology”, he says. “These are fairly small catalogues relative to what’s out there in the world, so you look at that 50 grand and you think, what else is out there?”