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Music licensing hub CueSongs raises £500k from TSB

Music licensing platform CueSongs has won a £577,023 grant from the Technology Strategy Board.

It follows a competition to develop “Frictionless Music Licensing for Online Broadcast”.

Licence to kill

Co-founded by Peter Gabriel, CueSongs works with labels, publishers and over 1,500 songwriters to increase their licensing revenues.

It aims to help content creators license music in a frictionless way from an online catalogue, whilst ensuring those artists and rights-holders are fairly compensated.

Co-founder and CEO Ed Averdieck says the new online broadcast market has a lot of potential for the music industry.

These ‘made for online only’ productions have developed into a vibrant new broadcast sector and yet a common complaint from the creator community is that they don’t know where or how to license high quality music for their productions.

CueScreenshot

I need a dollar

CueSongs wants to use the funds to build an innovative content management system, enabling rights-holders to set license usage, pricing and revenue shares for content in real-time.

The solution would aim to manage the complex aggregation of ‘married’ rights for each song.

With a little help from my friends

The Technology Strategy Board is the UK’s innovation agency.

Sponsored by the Department for Business, Innovation and Skills, it aims to accelerate economic growth by stimulating and supporting business-led innovation.