Noah Assad’s Rimas Publishing has entered a strategic partnership with music metadata firm Muso.AI.
Headquartered in Los Angeles and Amsterdam, Muso.AI will leverage this partnership to expand into the Latin music market.
Muso.AI says it has ingested over 1.4 million post-distribution credit modifications from rightsholders, artists and collaborators to date.
The company notes that its verified credits are used by partners like SoundExchange and Napster.
The focus of the collaboration with Rimas Publishing will be around Muso.AI’s 24-hour analytics, which the latter company says departs from the conventional track-and-album approach, and instead centers on companies, catalogs, and individual profiles.
Among Muso.AI’s features is its emphasis on person-centered credits, analytics, and achievements, which Rimas says will allow its own clients to monitor daily activity conveniently.
The Muso.AI platform claims to offers a process for clients to report missing credits and potential derivative works, allowing Rimas Publishing’s workflow to track unclaimed author copyrights.
The deal will also see Muso.AI offering Rimas Publishing “comprehensive roll-up views” across all its platforms, with the application localized and available in Spanish.
“At Rimas Publishing, we are committed to remaining at the forefront of industry technological advancements, continuously seeking to provide our clients with the highest caliber of services. This strategic alliance represents a pivotal step in our growth journey, ensuring our position as one of the leading publishers in the industry,” Emilio Morales, Rimas Publishing’s Managing Director, said.
“The inclusion of Rimas Publishing in the Muso.AI Family exhilarates us, as their engagement and insights will fuel the ongoing enhancement of our business platform to cater to their specific needs.”
Aaron Kaufman, Muso.AI
Aaron Kaufman, Muso.AI’s President & co-founder, added: “Our collaboration is a driving force propelling our entry into the Latin market, seamlessly aligning with our business suite debut and reaffirming the Muso.AI’s value. The inclusion of Rimas Publishing in the Muso.AI Family exhilarates us, as their engagement and insights will fuel the ongoing enhancement of our business platform to cater to their specific needs.”
Rimas Publishing, headquartered in Miami, Florida, and San Juan, Puerto Rico, negotiates its clients’ licensing agreements for various mediums including film, television, and advertisements worldwide.
Its clients include authors and producers such as Bad Bunny, Eladio Carrión, Corina Smith, Mora, Súbelo NEO, Caleb Calloway, YENSANJUAN, Lennex, and Lizzy Parra.
Rimas Publishing has earned multiple industry awards, including back-to-back Latin Billboard Publisher of the Year honors, recognition from Grammyand Latin Grammy awards, and over 40 accolades from ASCAP and BMI, it said.
The company operates through three distinct entities: RSM Publishing LLC (ASCAP), Risamar Publishing LLC (BMI), and Megasongs Publishing LLC (SESAC).
Back in April, Billboard reported that Sony Music Corp. was in advanced discussions to assist in the majority stake buyout of Rimas Publishing affiliate and Bad Bunny’s music label and management company, Rimas Entertainment. Noah Assad, Bad Bunny’s manager and Rimas CEO, was reportedly planning to buy out his partner, Rafael Ricardo Jiménez Dan, a former Venezuelan government official holding a 60% majority stake in the company.
Prior to that, Bad Bunny launched a new sports management agency, called Rimas Sports, in partnership with Assad. The agency launched with a roster consisting of Major League Baseball (MLB) players.
Bad Bunny was the most-streamed artist globally on both Apple Music and Spotify in 2022.
Music Business Worldwide
