SOURCE: IODA

IODA

September 22, 2010 17:20 ET

HFA and IODA Collaborate to Clear Digital Licenses Faster for Independent Rights Holders

New Alliance Creates Comprehensive Solution for Clearance & Royalty Distribution Process

NEW YORK, NY and SAN FRANCISCO, CA--(Marketwire - September 22, 2010) -  The Harry Fox Agency, Inc. (HFA), the nation's leading provider of licensing and royalty calculation and distribution services for the music industry, and IODA, a global leader in digital distribution, marketing, and technology solutions for the independent music industry, announced today their alliance which will provide IODA with a seamless and fully transparent back-office solution for rights administration. Among the various services that HFA will be providing, the ability for IODA's clients to clear digital licenses in the U.S. fast and easily is a key benefit.

With the industry's most comprehensive database and state-of-the art systems, HFA is uniquely qualified to provide rights administration services to music distributors such as IODA. IODA will utilize these resources to clear songs quickly and efficiently for digital distribution across the U.S. HFA's Administration Services, a suite of end-to-end, turn-key solutions for rights management, will provide IODA with streamlined licensing, reporting, and royalty collections and distributions services. 

This landmark alliance will allow IODA to expand upon its core digital distribution and marketing business and facilitate new opportunities for its clients. With more than 46,000 affiliated and thousands more non-affiliated publishers in its database, HFA is able to expedite payments to rights holders and facilitate the use of content available to IODA. HFA's Administration Services ensure its clients and customers speed to market for new product and service launches by enabling digital distributors such as IODA to navigate intellectual property administration with ease and complete transparency. 

The impact for IODA's international rights holders is significant. Many labels based outside the U.S. find it challenging to secure and manage digital licenses outside their home territories. HFA's support of IODA enables labels to quickly and efficiently clear content for distribution within the U.S. so their content is available through IODA's hundreds of digital distribution channels in the U.S.

Lauren Apolito, Vice President of Strategy & Business Development at HFA, commented, "We are thrilled that IODA has chosen to collaborate with HFA and utilize our Administration Services solutions to expand the scope of the services they offer independent rights holders. We are committed to seamlessly managing the licensing process for the independents so their music can be enjoyed through various digital formats."

"HFA has shown impressive technical innovation in their approach to licensing -- an important trait in companies with whom we choose to work," said Erik Gilbert, VP of Client Strategy at IODA. "In the fast-changing and complex intellectual property landscape, IODA is committed to ensuring all stakeholders -- whatever their geographical location, be they artists, labels or publishers -- are accurately and fully compensated. Our new alliance with HFA deepens our commitment to providing comprehensive digital solutions to our clients so they can focus on what they do best -- finding and nurturing talent."

About HFA
HFA is the nation's leading provider of licensing and royalty calculation and distribution services for the music industry. With over 46,000 music publishing clients, HFA issues the largest number of licenses for the use of music in both physical and digital distribution formats. HFA makes licensing fast and easy with Songfile®, its online application. The company also offers a variety of outsourced technology solutions designed to facilitate the administration of intellectual property rights. As a technology innovator, HFA is leading the industry in establishing global data standards and is a founding member and Board member of the Digital Data Exchange (DDEX). In fact, HFA was recognized by InformationWeek on its 2010 Top 500 Relentless Innovators list, where the company ranked 121. HFA was the only music company to be included on the list. In business for more than 80 years, HFA is the music industry's most comprehensive resource for rights management. Songfile, eMechanical and eSong are registered trademarks of The Harry Fox Agency, Inc., all rights reserved. For more information about HFA visit our website www.harryfox.com.

About IODA
IODA, the Independent Online Distribution Alliance, is one of the industry-leading digital distribution companies for the global independent music and video community. IODA provides comprehensive services to record labels, physical distributors, artists, and filmmakers, including license negotiations; media encoding and metadata management; royalty payment administration and reporting; and marketing and promotional support. Founded in 2003, IODA represents a rapidly expanding roster of more than two million music tracks and over 5,000 independent film and video titles. IODA distributes its music and video catalog to hundreds of digital storefronts worldwide, including all major digital music services like iTunes®, Amazon MP3 and MySpace Music and mobile carriers and outlets such as Verizon Wireless, Sprint and Nokia. The company's website is www.iodalliance.com

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