Streaming fraud continues to be a huge problem in the music industry, with music data tracking company Beatdapp releasing statistics showing the extent of what it claims is the problem.
Beatdapp analyzed the so-called “4MB streaming and 40MB user incident” and estimated that “at least 10% of global streaming is fraudulent.”
The company also said it has determined 50 music publishers, of which more than half All streams are scams.
Earlier this year, Beatdapp estimated that streaming scams would take some time US$2 billion Money is being taken out of the pockets of legitimate rights holders every year as fake streamers driven by bots continue to increase the number of streams and thus determine who gets paid via streaming services.
Fortunately, customers of business-to-business streaming technology providers Tune into the world will now be able to use Beatdapp’s technology to prevent scams on their own streaming platform.
The two companies announced a strategic partnership on Tuesday (October 8) to integrate Beatdapp’s fraud detection tools into the platform built by Tuned Global.
The partnership “will enable Tuned Global’s clients to ensure a fair distribution of royalties,” the companies said in a statement.
But this partnership goes well beyond DSPs and includes many emerging platforms where music consumption is growing, such as Discord, game consoles, VR headsets and Web 3-based services.
“As the music industry evolves, taking proactive steps to combat streaming fraud is critical to obtaining licenses from record labels and publishers,” he said. Spiro Arcudischief revenue officer at Tuned Global.
“Fraud prevention is moving from a ‘must-have’ to an industry requirement. Beatdapp is a leader in this space and their technology is the perfect choice to provide this important service to our customers.
“Fraud prevention is moving from a ‘must-have’ to an industry requirement.”
Spiro Arkoudis, Tuned Global
Under the new partnership, Beatdapp’s technology will use hundreds of anonymous data points collected from a backend built by Tuned Global to detect patterns that indicate fraud.
“Our deep integration with Tuned Global sets a new industry standard for fraud detection, ensuring every music streaming project built on their platform benefits from our technology,” said Beatdapp Co-CEO. Andrew Beatty and Morgan Haiduk explain.
“By leveraging the anonymized data collected by Tuned Global, we are able to detect fraud more accurately and effectively. This partnership provides us with a powerful framework to expand our reach and build awareness across various platforms fraud prevention standards.
Adding that the integration “enables our customers to protect their digital music plans from the start” There is satinManaging Director of Tuned Global. “This partnership demonstrates Tuned Global’s commitment to providing businesses with all the tools they need to create ethical, sustainable music services.”
For Beatdapp, the Tuned Global partnership is just the latest in a series of deals with music industry companies. Recently, it has Machinery Licensing Collective (multilayer capacitor), the government-authorized U.S. machinery royalty collection agency, was designed to “complement and enhance” the MLC’s own fraud detection system.
Earlier this year, Beatdapp announced it was raising funds $17 million In the new round of financing, and signed partnerships with the following companies universal music group (UMG), voice exchangeand Napster (i.e. the new legal version of Napster).
“By leveraging the anonymized data collected by Tuned Global, we are able to detect fraud more accurately and effectively.”
Andrew Beatty and Morgan Haiduk, Beatdapp
Also this year, Beatdapp competed with Turntable Lab‘Social music platform Hangouts FM. Last year, artificial intelligence music generator bumi They signed up for Beatdapp’s service a few months after some of its tracks were removed Spotify Alleged streaming fraud.
Meanwhile, Tuned Global’s client list continues to grow steadily. Just in the past year, the company’s services have been leveraged by companies such as the Web3 music streaming platform SonaLyrics Licensing Company Find lyricsand nigerian music streaming app Saturday. It also partners with international travel media networks spa fax Providing licensed music for in-flight entertainment systems.
Perhaps most notably, in September Tuned Global entered into an expanded partnership with UMG that will “bring the recorded music licensing process into Tuned Global’s suite of services.”global music business
