What an experience! Legitary, co-founded by Rebeat-CEO Günter Loibl, won the most important start-up competition in the music industry at Midem in Cannes (France). For us, this is an acknowledgment of the need for transparency in music streaming. And Legitary provides artists and labels with this transparency.
Transparency in music streaming
Legitary analyses music streaming data and detects anomalies as well as attempts of fraud with 92% accuracy. For the first time artists and labels have a tool to check the vast amounts of streaming data and verify their royalty statements. A highly needed service that convinced the jury of Midemlab, where success stories such as Soundcloud and Kickstarter began.
For us, winning this prestigious award is an incredible opportunity to reach out to artist managements and labels and introduce our service: Now you have a tool to verify your streaming royalties.
Midemlab: international start-up competition at Midem
Midemlab is an international competition for start-ups in the music industry. It is part of the yearly Midem, an industry fair in Cannes (France). This year a total of 177 submission from 45 countries competed for the award. The 20 best ideas were nominated in four categories for the final, where live pitches were held in front of an expert jury.
Legitary won in the category “Marketing&Data/Analytics”. „It was tough to compete against all these amazing business ideas. I believe, at the end the pressing need for transparency in music steaming convinced the jury“ explains a happy Nermina Mumic, CEO and Co-Founder of Legitary.