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New Music Xray Policy Regarding The Hosting Of Industry Professional Profiles & Opportunities

Posted by Mike McCready | November 2nd, 2015 | No responses

Music Xray is a clean, transparent platform where our primary mission is to create the filtering mechanisms designed to identify commercially viable, high potential songs and talent for the industry.

Our mission is not to maximize the amount of money generated from artists who pay to submit music. In fact, our system is designed to create as much of a competition among industry professionals for the top songs and talent as there is a competition among musicians to land the best deals. It’s en efficient system that operates transparently and reputably, backed by legitimate music tech investors. And we’ve been able to achieve the adoption of so much of the industry based on this dedication to running a clean site.

Recently, there have been a slew of website cropping up with questionable reputations whose mission appears to be to maximize submission fee revenue from musicians without providing transparency for the artists, or any objective measures of an artist’s chances of getting a deal. Additionally, these sites pitch themselves to industry professionals as a way to make extra cash. And while Music Xray shares submission fees with the industry professionals who host the opportunities, our primary purpose is to help those professionals find the best music. If, as a professional, your goal on Music Xray is to make extra cash, you probably shouldn’t be on Music Xray.

The poor reputation of these other sites effects Music Xray and it makes the name brand companies reticent to have their brands listed on our site.

So effective immediately, we will be removing the profiles of industry professionals who also have profiles on certain other sites. It’s just too damaging to our reputation. We will of course offer a grace period to these professionals and we will contact them privately to notify them of this policy. But no further payouts will be made to those professionals for as long as their profile remains on the other sites – unless of course they provide evidence that their profile is on the offending sites against their will.

Additionally, there are legacy sites in this space, that have been around for years, but again those primary mission does not align with the transparent, efficient filtering system Music Xray is building. One of our challenges in the market has been to show musicians that Music Xray is different, and that our interests are aligned with the professionals and the musicians alike. There truly has not been anything like Music Xray.

We have invested much time, energy, money, and focus on insuring that Music Xray is not confused with these legacy sites and while we would not remove an industry professional from Music Xray for having their profiles on some of these other sites that we know to be legitimate, having those profiles there still creates confusion in the market, causing Music Xray to need to spend more resources to differentiate ourselves in the eyes of the musician community.

So also effective immediately, we will reduce by 30% the compensation offered to industry professionals on Music Xray who choose to not remain exclusive.

It’s important that I make the point that this is not an attempt by us to limit industry professionals in any way. It is simply the policy that makes most sense for our company to both preserve the top brands and most reputable players in the business who are genuinely interested in finding top songs and talent. Those are really the only type of professionals for whom Music Xray is meant.

Please don’t hesitate to contact us if we can clarify this policy for you or if you’d like to discuss any aspect I may not have covered here.

As always, Music Xray is committed to being the very best at what we do and to maintaining the highest levels of trust and transparency in the ecosystem.

Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com