IBM Cloud article on Korrect

IBM Cloud is helping to process a massive volume of data to ensure timely music royalties.

Ensuring on-time music royalties with cloud analytics.

Music and entertainment companies need necessary tools to process royalties by managing and analyzing worldwide sales data. Sales data from different sources, including digital service providers and physical stores, is consolidated and processed so that the end user gets the royalty data on one report. Korrect Software, a company based between Africa, Europe and North America, deals with metadata management and sales analysis for music companies worldwide.

Recently, they’ve implemented the cloud-based solution from IBM to process large amounts of data efficiently without bandwidth limitations. This helps them generate timely reports on the entitled royalties of artists from all over the world. IBM Cloud offers Korrect Software; a bare-metal server infrastructure to host their platform. By using cloud solutions from IBM, Korrect Software can pull their clients’ sales data directly from their FTP onto their own servers and facilitate an on-time reporting process.

The company is also incorporating IBM® Aspera® on Demand and its workflow applications to transfer huge data-sets across cloud infrastructure in seconds with enterprise-grade encrypted security. With this application, the processes that used to take days to perform can be completed within hours, while the data is preserved in its most granular form for analytical purposes.

Korrect Software recently ingested over 92 million lines of YouTube data for a client in minutes. In the future, by using IBM Cloud, Korrect Software can focus their efforts on building new business relationships with clients. As they no longer need to spend more time developing applications that IBM already offers.

Click here for the article.

Korrect in Los Angeles!

February has been a very busy month so far at Korrect HQ, and has already seen us go to Los Angeles during the first week!

Los Angeles was very successful but busy as we were on site with clients, meeting potential customers and also hosted our first Royalties Seminar in Los Angeles with A2IM.

The seminar was great and attracted an array of interesting music companies across the industry.

We are looking forward to rolling out more seminars during the course of the year so watch this space!

Aim's Indie-Con 2017

Yesterday (1st February 2017) saw Aim's annual Indie-Con conference take place at Glazier Hall, London Bridge.  The conference hosted a variety of panels, including, how to monetise in Latin markets, how to successfully partner with brands, and how to break acts in 2017 (to name a few), with speakers spanning from different sectors of the industry and the globe. The conference also gave great insight on how consumers pay for music, based on recent research on 2000 respondents from Media Insight Consulting CEO Chris Carey. The top 5 points we learned from Chris on consumer behaviour is the following:

1. Creativity should be supported by your data and not the other way around.  It should exist to make better decisions for your artists, but not make all the decisions;

2. Playlists are driving music discovery more than radio;

3. When consumers complain about the overpriced music subscription at £9.99 per month, that works out at just 33p a day for unlimited access to music;

4.  Youtube is the most important listening channel for consumers, with only 9% using Spotify, 2% using Apple Music and 1% using Deezer;

5.  Over half the respondents did not pay for a subscription service.

To read the full article on Chris Carey's insights please click: