Tech: Jaxsta just launched the trial version of its global database for music credits
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Music data company Jaxsta (ASX: JXT) has taken another step forward in its plans to establish a centralised global database of song credits.
The company said this morning that a trial (beta) version of jaxsta.com is now operational.
CEO and co-founder Jacqui Louez Schoorl called it a “major milestone” for the company, which first listed on the ASX in December via a reverse takeover of marine safety equipment provider Mobilarm.
Shares in Jaxsta were up by around 10 per cent in morning trade, down from a 2019 high of 39 cents reached in late March.
Jaxsta’s goal is to offer a publicly accessible database where users can easily research who the original artist for each song should be attributed to.
That will allow musicians to get credit for their work “as they used to in the days of vinyl and CD booklets”, Schoorl said.
The company says it now has more than 1.9 million songwriters, “5 million individual production credits, 1.3 million artists and approximately 100 million credits in our database which grows every single day”.
In the lead up to the soft launch, Schoorl said the Jaxsta team had secured “more than 28 license data agreements covering over 85 per cent of the popular music industry”.
Looking ahead, the company will continue to boost awareness of its platform starting with appearances at music trade shows, including Indie Week in New York this month.
“As we continue to ingest data and information from our data partners, our focus is now on optimising Jaxsta.com and preparing for the future launch of Jaxsta Pro,” Schoorl said.
Jaxsta Pro will be released as a B2B subscription service in the coming months, the company said.
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