Revelator unveils its Artist Wallet mobile app to process real-time royalty payments

By Emmanuel Legrand

Israel-based rights administration company Revelatoris launching what it claims to be "the music industry’s first Artist Wallet," which consists in a mobile copyright application powered by smart contracts technology that enables "faster, more efficient payment advances to artists and music makers."

  The app turns future receivables into instant royalty payments, so that when a song is streamed online or played on the radio, rights holders get a direct notification on their mobile device. In parallel, royalties related to the performance of the song can be safely accessed and cashed out via the Wallet.

Pioneering royalty payments

  The project is currently being tested by Revelator, data monitoring specialists BMAT and Finland's rights society TEOSTO. The partners are working together to introduce near real time monitoring and processing of radio performance data.

  “We are pioneering the way the performance royalties are paid, where our authors and publishers would get money in a matter of minutes, after a song was played on a radio, directly to a digital Wallet," said TEOSTO Chief Digital Officer AnoSirppiniemi.

  For Revelator, the smart contract architecture is "designed to enable accurate real-time splits of rights holder’s royalty positions, providing enhanced visibility for clearance and settlement of royalty transactions." As a result, payments are automatically distributed to all the stakeholders at the same time.

Secure access to earnings

  “Recording artists as well as publishers have the unique struggle of income disparity and lack of transparency,” explained Revelator CEO BrunoGuez. “Our job as a global copyright platform is to help modernise the costly and time-consuming business processes in entertainment rights and royalties. This will ultimately ensure that music makers have quick, efficient, and secure access to their earnings, whenever and wherever they need them.”

  The Wallet's infrastructure is powered by Revelator Pro, a cloud-based full-stack copyright administration platform serving more than 90,000 rights holders in over 25 countries. Revelator will demo its Wallet solution at MIDEM 2019in Cannes.