Beatdapp and Beatport Forge Strategic Alliance to Ensure Legitimate Streaming Experience
July 09 2024 - 8:00AM
Business Wire
Enhancing Integrity: Beatport Partners with
Beatdapp to Combat Streaming Fraud
In a move to bolster trust and integrity within the music
streaming realm, Beatdapp Software Inc., a leading authority in
fraud detection, has joined forces with Beatport, the global leader
in music for DJs, producers, and their fans. The partnership aims
to ensure the authenticity of every stream on Beatport’s platform
while eradicating fraudulent activities. By integrating Beatdapp’s
sophisticated fraud detection technology, Beatport is poised to
deliver daily, weekly, and monthly streaming charts devoid of
manipulation or fraud, providing users with accurate insights into
music trends and consumption patterns.
Robb McDaniels, CEO of Beatport, expressed enthusiasm about the
collaboration, stating, "At Beatport, we have always been committed
to leveraging cutting-edge technology to enhance the music
experience for our users. Partnering with Beatdapp aligns perfectly
with our mission to tackle the issue of streaming fraud
proactively, ensuring a fair and transparent environment for
artists and listeners alike."
Streaming fraud has posed a significant challenge to the music
industry, undermining the integrity of streaming platforms and
impacting artist royalties by over $2 billion annually. Helen
Sartory, Chief Revenue Officer of The Beatport Group, added, “We
launched streaming products under the Beatport and Beatsource
brands in 2019, and despite the fact that they have not
historically been a target for streaming fraud, suspicious activity
has been on the rise in recent months. Although our fraud rates
still remain half that of the industry average, we rely on accurate
streaming data not only to preserve fair compensation to artists
and labels, but also for track recommendations and analytics. We
are excited to be able to work with Beatdapp to ensure that our
data is representative of authentic listener engagement.”
Andrew Batey and Morgan Hayduk, Co-CEOs of Beatdapp, expressed
their excitement about the partnership, emphasizing Beatport’s
proactive approach to combating fraud. "We are thrilled to
collaborate with Beatport, an industry leader that shares our
commitment to combating streaming fraud. Together, we will ensure
that artists receive fair and accurate compensation for their work,
while providing users with confidence in the legitimacy of their
streaming numbers."
Pouria Assadipour, CTO of Beatdapp, added, "At Beatdapp, our
mission is to protect the digital frontier of the music industry.
By integrating our fraud detection technology with Beatport’s
platform, we're empowering artists and rights holders to receive
fair compensation for their creative endeavors."
This partnership marks a significant milestone in the fight
against streaming fraud, reaffirming both Beatport and Beatdapp’s
dedication to fostering a fair and sustainable music ecosystem.
Artists can rest assured that their contributions will be valued
and rewarded appropriately, while users can enjoy a seamless and
trustworthy streaming experience on Beatport’s platform.
For more information about Beatdapp Software Inc. and Beatport,
please visit www.beatdapp.com or www.beatport.com.
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Lisa Kornblatt lkornblatt@thecstreet.com