Musixmatch has announced the acquisition of Music Reports, the company behind the Songdex copyright registry. The move is designed to address the growing crisis in music metadata, where AI-generated content is being created faster than the industry can track it.
Max Ciociola, CEO of Musixmatch, noted that at least 30% of music streams currently go unpaid because the information linking tracks to their creators is missing. By integrating Music Reports' technology, Musixmatch aims to bridge this gap and ensure that rights owners are properly compensated in an increasingly automated market.
The acquisition highlights the industry's urgent need for better infrastructure to manage the influx of AI-generated music. As the volume of content continues to rise, companies are investing heavily in data accuracy to prevent further losses for songwriters and publishers.
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