There are prospects in the industry that Stela, a music copyright subscription platform, will change the existing music copyright ecosystem.
Recently, the Stela platform, which is considered as one of the promising startup companies, is appealing to creators and artists who feel they are being treated unfairly in the existing copyright ecosystem.
Stellar has a subscription policy so that individuals, not companies/organizations, can easily create secondary content, and uses a decentralized database that allows music copyright transactions without going through central institutions and copyright associations.
In addition, creators can use more than 13,000 music and SFX in their desired contents, and can generate revenue by linking 8 social media such as YouTube and Instagram.
In the current situation where the dominance of major platforms and record labels in the music industry is decreasing, the music copyright subscription platform is highly likely to increase interest in global creators and artists.
An expert in the industry said, “Stela can protect the rights and interests of performers in the form of copyright brokerage rather than the BM method of purchasing music copyrights. so stela will enable drastic changes in the existing copyright ecosystem.”
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