Two decades of digital transformation
The client is one of the best-known and longest-established music labels in the world, working with many well-known artists and bands, and has a broad repertoire of music spanning genres and generations.
The client is a prominent player in the global music industry, playing a major role in the discovery and development of new artists and the distribution and marketing of music content.
The company's innovative approach and openness to technological advances allows it to constantly adapt to consumer needs and market trends, thereby strengthening its market position and contributing to the development of the music industry.
The client was faced with the challenge of managing artists' contracts and rights, which has become an increasingly complex task with the digital transformation of the music industry. Traditional systems no longer met the new market needs and did not ensure seamless communication between artists and publishers. Optimisation of rights management processes and automation of contract management were essential to ensure efficient operations and accurate royalty accounting.
The essence of the solution
In this situation, the client asked Gloster-P92 Ltd. to develop a customized software for a project. The software works as an integrated system and manages the performers' contracts, rights and communication with related systems. The system is designed to make rights management processes more transparent, automate the management of contracts to reduce the administrative burden and increase the efficiency of accurate and timely royalty accounting. The implementation of the new system will allow the client to react more quickly to market changes and better support performers in their career.
Since the decision to use a customised software to manage the contracts and rights of performers was taken some 20 years ago, the exact reasons for this choice are no longer documented or directly relevant. Decisions of this type are usually based on a number of factors, including technological innovation, system reliability, cost-effectiveness and the future strategic direction of the company.
At the time, it was probably the best solution to meet the specific needs of the customer, and was able to integrate with the company's existing systems and support the rapid changes in the music industry. Scalability, a user-friendly interface and the ability to automate the rights management process were also important considerations when selecting the project.
To date, the system developed has successfully managed the customer's contracts and rights, indicating that the decision has been beneficial to the company in the long term. The continuous development and maintenance of this type of system ensures that it remains up-to-date and meets the current challenges of the music industry.
The future of the project
The project has a long-term perspective, and the client is committed to continually evolve the project and adapt it to the rapidly changing environment of the music industry. The integration of technological developments and new business needs will be key to the future success of the system.
The future of the project includes the use of the latest technologies, such as artificial intelligence and machine learning, which can further automate rights management processes and improve the accuracy of royalty accounting. In addition, the ever-changing music legal environment and the evolution of digital markets are generating new business needs that need to be taken into account when developing the system.
The client's goal is to turn this project into a dynamic, scalable and flexible system that can adapt to the future challenges and opportunities of the music industry. Continuous development and rapid implementation of business needs will ensure that the project remains a reliable and efficient tool for the client in the long term.