New Internet Media (NIM) is emerging as one of the “new” technology companies’ hell-bent on supporting the creative communities on the Internet. We are very glad for the press release from SKAP (Sweden’s organisation for Composers and Songwriters) supporting NIM’s innovative technology for music and culture.
See the press release below (it’s in Swedish, but try Google translate)!
SKAP Press Release
“Music creators need real influence. We got tired a long time ago of companies that promised the earth and the moon to Sweden’s and the world’s authors, even though they had clearly entered the music industry to get fast cash. The time for the eye servant is over. It is now time for real innovation for a sustainable music industry – and indeed, for a sustainable planet”, says SKAP’s Chairman Alfons Karabuda.
NIM has developed a technology solution putting the interests of creators (rather than just investors and shareholders) first. And as such NIM is regarded as a finTech (financial technology) company. NIM is updating the existing model of copyright and royalties transfer and making it much more efficient.
NIM is not a disruptive operation. It’s a force of disintermediation.
NIM is making “More money, faster – to the copyright owners” by helping music creators take control of the revenue streams their musical works create and thus generate income with the author at the control table.
NIM founded Internet Media Foundation (IMF) in Brussels, in order to put the rightsholders in governance, making sure that the system is run secure, transparent and accurate.
Alfons Karabuda is the first to register copyright under the laws of Wyoming and by using NFTs (Non-Fungible Tokens) technology to register musical works on the blockchain CopyrightChain – legally secured by the new law in Wyoming. These registrations contain all the information on how the works are to be controlled and controlled.
The Death of Tintagiles End
“I am proud to be a part of this, both as a creator and as Skap’s chairman and advisor in NIM’s development work. We need new streaming infrastructures and more opportunities for authors to retain their rights, and I am determined, together with the organisations I have been given the honour of leading, to be active and at the forefront of innovation. If more music technology were developed with music creators, they would be so much better for both them and their listeners!”