IFPI and WIN to launch centralized data exchange service next year

The IFPI and Worldwide Independent Network (WIN) announced a new deal that will see the two parties collaborate on a system for collecting recording industry data. The Repertoire Data Exchange, or RDx, is a centralized industry data exchange service that will allow record companies and music licensing companies (MLCs) to manage their recording rights. The platform is slated to roll out in 2020 and will be operated by UK collective management organization PPL.

Under the current system, record companies have different processes for providing information to individual MLCs. RDx will create an alternative, with a standardized format for submitting all repertoire data that MLCs can access as needed.

“RDx is a key example of an initiative that will benefit all parties involved,” IFPI CEO Frances Moore said. “It will improve operational efficiencies and lower costs for right holders whilst allowing MLCs to retrieve authoritative repertoire data from a single point – enabling more accurate and timely distribution of revenues. We are very grateful to all our MLC and record company partners who are working closely with us on this project. We look forward to bringing on board more MLCs and right holders as we roll out the service.”

“Performance rights make up an increasingly important part of independent labels’ revenues,” said Charlie Phillips, chief operating officer at WIN. “With music being globally accessible, our association members’ repertoire travels the globe and sees revenues generated internationally. Historically, supplying complex data into the international network of MLCs has not been straightforward for independent producers and right holders. The international independent sector has, through WIN, supported the development of RDx over several years since its inception. We are delighted that the industry has worked together to create a service for the benefit of all labels and producers. We look forward to working on a joint basis with IFPI as RDx gathers momentum.”

Anna Washenko