The world’s largest database of official music credits, Jaxsta Limited (ASX: JXT) has launched new subscription products for the music and entertainment industries and commences limiting free access to the site.
The new Business and Enterprise tiers open up access to Jaxsta’s complete dataset with tools to support improved royalty identification, collection and enhanced reporting.
The new limits on free access along with the expanded subscription offering form part of the planned revenue-focused Jaxsta transformation roadmap resulting from the recently announced Songtradr investment and required strategic and operational review.
- The new Enterprise subscription supports large enterprises who utilise music as well as organisations who provide music royalty collection services that require trusted accurate music industry data to support key functions such as royalty identification, collection and payment processing. Subscription pricing will be negotiated on a case by case basis subject to the size of the enterprise and its data requirements;
- The new Business subscription is designed to support music companies such as record labels, publishers, managers, and agents with pricing from US$999 per year which includes two user licenses;
- The Creator subscription replaces Jaxsta Plus and remains the plan for creatives starting at $49 per year;
- Free access to Jaxsta.com has now been limited, and the previous Jaxsta Core subscription will have a reduced number of searches in order to drive paid subscription; and
- The free user experience will also contain advertising powered by Google’s AdSense by June 30, 2022. B
Without official music credits the industry is hindered from accurate efficient revenue collection. Without a platform for discovering who has contributed to a song or how to connect with the copyright representatives efficiently, opportunities are lost. From a data perspective. Jaxsta is the source of truth the music industry has been looking for and our platform now has a self-serve solution with this new B2B oriented subscription offering,” CEO, Beth Appleton, said.
Previously, Jaxsta offered two subscription models – Jaxsta Core, a free introductory membership, and Jaxsta Plus, a paid subscription for creators.
Existing Jaxsta Plus members will automatically move to the Creator tier of membership, while existing free users will have reduced access to the platform encouraging upgrade to a paid subscription.
