(HYPEBOT) – Music fraud detection company Beatdapp has announced new partnerships with SoundExchange and Napster and a strategic collaboration with Universal Music Group (UMG). Beatdapp technology identifies streaming fraud and missing royalties for DSPs, labels, collection societies, creator tool services, and music distributors and boasts a false positive rate below 0.001%.
In 2023, Beatdapp analyzed over two trillion streams and twenty trillion data points and recently completed a $17 million financing round.
“While streaming has been the most significant technology advancement in music in many years, fraud fueled by a flood of uploads with no meaningful engagement, including non-artist noise content, has necessitated a more sophisticated, coordinated, proactive approach to mitigating streaming fraud to foster a thriving music ecosystem,” said Michael Nash, Chief Digital Officer & Executive Vice President, Universal Music Group. “We must ensure we are supporting legitimate artistry and deterring those who seek to abuse the open, global music industry,”
“As a neutral third party, Beatdapp is the impartial provider of objective analysis that our growing roster of clients can count on to get fraud detection,” said Beatdapp Co-CEOs Andrew Batey and Morgan Hayduk. “This new funding allows us to deploy the most sophisticated fraud detection models, built on an industry-leading data set, and further enhances our reach to meet growing market demand for our capabilities across all corners of the globe.”
- Featured Executive: A talk with Beatdapp cofounder Pouria Assadipour
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Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.
