Jamendo Adopts the Independent Management Entity (IME) Status

Luxembourg (ots/PRNewswire) -

Jamendo adopts the Independent Management Entity (IME) status in
Luxembourg with the ambition to operate across the European Union.

(Photo:
https://mma.prnewswire.com/media/821500/Jamendo_SA_Logo.jpg )

Since its creation in 2005, Jamendo has been striving to offer
independent music creators worldwide (authors, performers, producers)
an alternative way to make their creations known and to manage their
rights, considering that the traditional channels of management
through Collective Management Organizations often don't provide them
with the visibility and remuneration opportunities they look for.

Created by the Directive 2014/26/EU transposed in Luxembourg Law
in April 2018, the IME legal status allows commercial entities to
perform activities similar to national copyright and related rights
Collective Management Organizations such as, for copyright, SACEM,
SGAE, GEMA and SIAE.

An IME is organized on a for-profit basis and is not owned or
controlled by the rights holders whose rights are managed, unlike a
Collective Management Organization. Considering, however, that IMEs
carry out the same activities as Collective Management Organizations,
both are subject to certain obligations in terms of management and
transparency, including those on the financial aspects of the
exploitation of rights.

Alexandre Saboundjian, CEO of Jamendo S.A.: "It's perhaps the most
important step in the Jamendo story, already created more than 10
years ago. We see the adoption of the IME status as a confirmation of
Jamendo's business model and vision. It will allow Jamendo to provide
rights holders with more opportunities to distribute their music and
generate revenue while maintaining its existing qualities: equal
treatment of all rights holders, transparency in the music usage and
royalties generated. Therefore offering flexibility and freedom with
no membership fee and no imposed exclusivity. The music industry is
changing, the IME status will accelerate the evolution."

About Jamendo (https://www.jamendo.com/?language=en)

With more than 600,000 tracks and 40,000 artists, Jamendo is one
of the largest online independent music platforms. It provides free
music for personal enjoyment and various licenses for projects or
businesses. Jamendo supports independent artists by offering them a
global space to promote and sell their music.

ots Originaltext: Jamendo
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Simona Zeca
simona@jamendo.com
Mobile: +352-691-25-22-23

Original-Content von: Jamendo, übermittelt durch news aktuell