Jeff Price has collected hundreds of thousands of dollars in missing royalties for songwriters from Bob Dylan to James Taylor. The Audiam CEO found the money only because he’s obsessed. Musicians don’t get 17% of what they’re entitled to.
Mr. Price, 48, has spent his life learning about royalties, starting with the indie label spinArt Records, which he founded in his bedroom in 1991. The ex-DJ helped build digital music pioneer eMusic, and in 2008 founded TuneCore, an online music distribution service that has helped masses of artists make money from downloads and streams. Forced out with the other founders in 2012 by a backer, he began Audiam a year later to help songwriters and publishers get paid by YouTube. Last year, he expanded to Spotify and others, and recently to Apple Music. He estimates composers miss 17% of what they’re entitled to. Audiam keeps a portion of what it collects.
While he fears streaming services may never pay decent sums, Mr. Price is mapping the global music industry to get clients what they’re owed. “I can create the efficient pipeline,” he said: LINK