The music industry has been ramping up its war of words with streaming services like Spotify and YouTube in recent months, even as those services represent an ever-growing percentage of their revenues. But today the two groups announced a new partnership, the Open Music Initiative (OMI), which will look for ways to modernize the business, simplifying the process of paying out royalties to rights holders.
The OMI is being spearheaded by The Berklee College of Music and Massachusetts Institute of Technology, which will provide academic expertise and a neutral facilitator to help the music and tech industries collaborate, despite their often fractious relationship. OMI members will meet in Boston next month for a three-week innovation lab,...
via The Verge
