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The music industry consists of the companies and individuals that earn money by creating new songs and pieces and selling live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who create new songs and musical pieces; the singers, musicians, conductors and bandleaders who perform the music; the companies and professionals who create and sell recorded music and/or sheet music (e.g., music publishers, music producers, recording studios, engineers, record labels, retail and online music stores, performance rights organizations); and those that help organize and present live music performances (sound engineers, booking agents, promoters, music venues, road crew).
The industry also includes a range of professionals who assist singers and musicians with their music careers (talent managers, artists and repertoire managers, business managers, entertainment lawyers); those who broadcast audio or video music content (satellite, Internet radio stations, broadcast radio and TV stations); music journalists and music critics; DJs; music educators and teachers; musical instrument manufacturers; as well as many others. In addition to the businesses and artists who work in the music industry to make a profit or income, there is a range of organizations that also play an important role in the music industry, including musician's unions (e.g., American Federation of Musicians), not-for-profit performance-rights organizations (e.g., American Society of Composers, Authors and Publishers) and other associations (e.g., International Alliance for Women in Music, a non-profit organization that advocates for women composers and musicians).
The modern Western music industry emerged between the 1930s and 1950s, when records replaced sheet music as the most important product in the music business. In the commercial world, "the recording industry"–a reference to recording performances of songs and pieces and selling the recordings–began to be used as a loose synonym for "the music industry". In the 2000s, a majority of the music market is controlled by three major corporate labels: the French-owned Universal Music Group, the Japanese-owned Sony Music Entertainment and the US-owned Warner Music Group. Labels outside of these three major labels are referred to as independent labels (or "indies"). The largest portion of the live music market for concerts and tours is controlled by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of iHeartMedia Inc, which is the largest owner of radio stations in the United States.
In the first decades of the 2000s, the music industry underwent drastic changes with the advent of widespread digital distribution of music via the Internet (which includes both illegal file sharing of songs and legal music purchases in online music stores). A conspicuous indicator of these changes is total music sales: since 2000, sales of recorded music have dropped off substantially while live music has increased in importance. In 2011, the largest recorded music retailer in the world was now a digital, Internet-based platform operated by a computer company: Apple Inc.'s online iTunes Store.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: LabelsCoin
WHAT IS LabelsCoin?
LabelsCoin™ blockchain is an automated music copyrights exchange blockchain technology with associated suite of services. Combined, these facilitate the transparency of copyrights and the exchange of associated royalties – allowing for a fair and transparent retribution to creators of music.
LabelsCoin blockchain is built on top of a copyright matching engine that verifies the status of a music against it license model , infringements, plagiarisms and redistribution rights and means.
LabelsCoin is a single-source copyright exchange platform based on blockchain technology with associated suite of services. Combined, these facilitate the transparency of copyrights and the exchange of associated royalties – allowing for a fair and transparent retribution to creators of musci.
However, in order to protect our contributors we have patented and industrial device which at the moment is under production and will be available on the market within 2019.
LabelsCoin Establishment’s vision and future business model and strategy are made
up of three components:
(i) a digital currency
(ii) an online music recognition system providing real time royalties to music stakeholders and
(iii) a patented industrial device. creation of a digital currency, called LabelsCoin (LBSC).
LBSC will be may be used to remunerate stakeholders within the LabelsCoin
ecosystem, such as expected for the future.
However, LBSC will be independent of LabelsCoin Establishment’s products and
services. LBSC may be used to buy and sell any goods or services but also to store
value, like any other digital currency on the market.
LabelsCoin vision: create awareness of the royalties redistribution issues, providing solution for positive change.
LabelsCoin goal: is building a solid, global music utility, finalising our advanced blockchain that the entire Music industry will use to create advantage, where all stakeholders can partecipate in a fair way.
IMMUTABILITY: once created, the copyright blockchain representation cannot be delete yet ownership can be transmitted
REAL TIME: royalties payment
TRANSPARENT: owners and fees are transparent
AUTOMATION: music copyrights execution
• November 2017 end market research, white paper 0.1 version, legal advice, build a team
• March 2018 LabelsCoin website and LBSC token creation, update white paper 0.2
• April 2018 Patent of device and first meeting with Financial Market Authority of Liechtenstein, update white paper 0.3
• May 2018 Genesis of LabelsCoin blockchain: update white paper 0.4
• June 2018 Development of LabelsCoin blockchain, meet up conference Montreux Palace (Switzerland) press conference in Venafro, Italy
• July 2018 Legal advice of LBSC token, LabelsCoin officially International Trademark
• August 2018, Second meeting with Financial Market Authority of Liechtenstein, incorporation of KYC in our website, development of blockchain, meet up with Swiss Cyber Security in Geneva, Switzerland, update 0.5
• September 2018 PRE-ICO, 33.4% of the token will be on pre-sale to determine the price of the ICO
• November 2018 INITIAL COIN OFFERING, the 40% of tokens will be distributed
• December 2018 End of ICO
LabelsCoin ICO ANALYSIS
The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the LabelsCoin PLATFORM
September 2018 PRE-ICO, 33.4% of the token will be on pre-sale to determine the price of the ICO
November 2018 INITIAL COIN OFFERING, the 40% of tokens will be distributed
December 2018 End of ICO
A total of 30 million LBSC tokens will be issued on the Ethereum blockchain using a smart contracts. LBSC will comply with the ERC-20 standard and will be freely transferable on the Ethereum platform. LBSC tokens do not indicate ownership of the company, LBSC pays no dividends, and LBSC holders will not earn any direct interest. The token is an integral part of LBSC’s economy, and its value will reflect the degree of penetration and activity of the platform. The more LBSC will be used within the LABELS ecosystem – and thus driving customer adoption – the grater the demand for LBSC will be.
As LBSC’s popularity grows and more users join the platform, new features will be released, which will further increase the interest among LBSC token holders. CREATION OF DIGITAL CURRENCY (LBSC) LabelsCoin Establishment’s first step at short term (planned for 2018), will be the creation of a digital currency, called LabelsCoin (LBSC).
LBSC will be may be used to remunerate stakeholders within the LabelsCoin ecosystem, such as expected for the future. However, LBSC will be independent of LabelsCoin Establishment’s products and services.
LBSC may be used to buy and sell any goods or services but also to store value, like any other digital currency on the market. Therefore, during the development of LabelsCoin Establishment’s online music recognition system and patented industrial device, LBSC is going to have its own independent existence and usefulness. Since LBSC is functionally independent from the company’s other areas of activity, it should be apprehended as such. In particular, from the ICO’s point of view, LabelsCoin digital currency should be regarded as any other digital currency put on the market, (i.e. without taking into account the specifics possible uses considered under LabelsCoin Establishment’s strategy.
Thanks to Blockchain Technology and LabelsCoin Platform for introducing better and incomparable ideas in the World Crypto
For more information about this project, please! follow the links bellow » » »
★TELEGRAM GROUP: https://t.me/labelscoinblockchain
★ANN TREAD: https://bitcointalk.org/index.php?topic=4975736
••BITCOINTALK USERNAME: Dprince2281
••BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary
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