GEMA Buys Majority Stake in Music Recognition Company SoundAware  ...Middle East

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GEMA, the German collective management organization (CMO), announced Monday (July 24) that it has acquired a majority stake in the SoundAware Group, a Dutch company that provides music recognition services to collecting societies (including those in the Netherlands and Belgium) as well as market research and media companies. SoundAware will continue to operate independently from Hilversum, Netherlands. Music recognition is a vital part of what collecting societies do since they need to accurately distribute the revenue they collect among rightsholders. As technology makes it easier to do this more accurately, some CMOs

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