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All very good topup, but they need to actually start to deliver - we have had several proof of concept announcements - how long do these take to work out (especially if the tech is as quick as it is stated in the article). We, the investors, need to see "proof of concept" or I suspect a vote of no confidence will not be far behind....
Daveavt was banned a few weeks back, then tried to come back under another name on HEMO. But he was found out there and got themself banned again. Not too sure if we will see them again. If they do, they will probably be found out again and same thing will happen.
well given that they have a number of proof of concepts out there and companies will have had time to consider their impact I would bet on some positive news coming in really quite soon - cue the doom music, enter dave avt…...
What you seem to be missing Cannyladdy is that if CTEA does "monetise artists work" it will be for very small lesser-known artists. The big artists are all signed to record labels and get 99.9% of their download/streaming income from equally big boys, like Apple and Spotify. Those big artists and labels are not going to be interested in a new kid on the block with zero financial backing that might at best bring them in 0.001% of what they get at present.
If there is any feeling that the current big players (Apple etc) are screwing artists and labels on their download and streaming royalties, then those big boys will add blockchain to their current technology to reassure the artists and labels. The artists definitely won't ditch iTunes, Spotify etc and lose 99% of their income just to try something new and unproven.
So that only leaves minor unsigned artists to sign up to any new CTEA technology. But then why would they when, if they have any decent fan base, they can make their music available through iTunes or Soundcloud anyway - and reach millions more potential listeners than they ever could through their own CTEA powered website or platform. OK CTEA may sign a few independents to their technology, but income to CTEA will be negligable.
Blockchain technology will not stop download piracy or unrewarded streaming, and that is what the failed tightening of EU copyright laws was attempting to do.
I have 30 years of experience in the music biz, and my experience tells me CTEA will not make any significant income from this industry.
I think you need to understand what is happening here. The tracking of downloads for instance, say an artist signs up to iTunes to sell their tracks on etc, already happens. The artist can see at any time of the day how many tracks are sold, and what revenues to expect. They don't rely on having to hope iTunes tell them, though there is still the trust element of whether those figures are right.
Ctea say 'well wouldn't this be great if we could do it with blockchain so it can't be tampered with'. Well yes, wouldn't it, so if ctea wants to start it's own music selling site (which can't download to any apple device) then good on them. But it will be lost among the thousands of other pretty much defunct download sites on the net that no one uses. They can't make any other company do the same, they can't even stop a company that IS running a blockchain based music site have ten other sites that aren't. They can't stop piracy, they can't stop people ripping from YouTube.
The two biggest music monopolies in the world, iTunes and Google play can do whatever they like, and even if they do go blockchain, these two tech giants have the capabilities to program them itself.
Let me ask you a question Daveavt, do you think that Catenea will not in any way get any business, especially as they have a platform which can monetise artists work and the EU have made it more difficult for artists to monetise downloads? If so can you state why and please don't regurgitate previous bile but come up with intelligent answers.
Once again the Troll has taken words out of context and totally misread my post. For you benefit i'll explain slowly. Maybe...today's.....rejection...will...push...ARTISTS...into...APPROACHING....companies...LIKE...Catenae...in...order...TO...MAKE...SURE...THEY...can...get...paid...for...downloads.
If your gona try and dismiss a post at the very least try and put it into context. Better yet get lost and leave this board to shareholders or those with something interesting to say.
You can't 'make sure' artists are paid for for downloads on the internet. It's impossible. CTEA aren't some governing body, not that there actually is one, or can be. Only about 1 percent of music, if any, is actually downloaded off the internet.. it's all from either iTunes, Google play, or streaming sites, like spotify. Piracy is rife on the majority android devices, seeing as you can go to a YouTube video the artist has uploaded and rip the audio from it. Nothing you can do about it. Artists 'won't be going to ctea' because they have no control over sites that sell music.
The news out today is ok, so i believe that the 12% share price movement may be down to the EU copyright overhaul proposal, which has been voted against today. Now this has happened and will likely take years to resurrect, artists will be looking at other ways to make sure they are paid for their work being downloaded on the internet.
Not technically minded myself but isn't this what CTEA have been developing and are now offering with their Trust in Media JV? Maybe today's rejection will push artists into approaching companies like Catenae in order to make sure they can get paid for downloads.
Great to see regular, positive and progressive updates. Naturally to some, or one moron self proclaimed guru of doom of CTEA, this will all be lies and will not be happening. Blockchain with music streaming/downloading I can see being adopted very quickly by mainstream artists/writers/performers once available, everything in the chain being accountable. It’s just as beneficial to the record labels, agents and everyone in the chain to adopt the process for transparency.