Boston, MA - Headwaters MB advised MediaNet, Inc. (“MediaNet” or the “Company”), the leading digital music distribution platform company based in Seattle, Washington, on its sale to SOCAN. The acquisition and integration of MediaNet's technology will make SOCAN the leader in accurate matching of music data, one of the most significant challenges facing music rights organizations worldwide.
MediaNet is a powerful music and media content delivery technology that works with streaming services, download providers, media search, and other media discovery tools to provide an exhaustive catalog of music, while ensuring that artists are properly compensated for work. MediaNet will provide SOCAN with the information to license master rights (sound recordings), and augments matching performances for copies of music ("mechanicals") and performing rights on radio, digital, live, satellite, film and TV and other delivery of music to public audiences.
MediaNet will continue to operate under its current name, with all of its employees continuing at the organization's Seattle offices. MediaNet CEO Frank Johnson and the company's leadership team will remain in place.