Symphonic, along with CD Baby and its parent company Downtown, TuneCore and its parent company Believe, DistroKid, UnitedMasters, EMPIRE, and Vydia as well as Digital Service Providers Spotify and Amazon Music have come together to form an anti-fraud alliance called, Music Fights Fraud. Here’s what this important news is all about.
Music Platforms Unite To Form Industry-Wide Anti-Fraud Alliance
What does this mean?
Music Fights Fraud is a global task force built to work on eradicating streaming fraud. This group represents the first time all corners of the music industry have aligned as a united front to combat fraud in music streaming.
Music Fights Fraud will focus on streaming fraud and streaming manipulation across digital streaming services and will work to ensure that the global music streaming market is not only fair, but that all members actively contribute to solutions intended to balance the equity of its operations. — As an alliance, our members hope to detect, prevent, mitigate, and enforce anti-fraud measures, thereby moving closer to an industry where fraud has no place.
About Our Partnership with the NCFTA
Our members provide greater cross-platform collaboration and data sharing in coordination with a third party, the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit partnership between private organizations, government, and academia. The NCFTA’s mission is to provide a neutral, trusted environment enabling multi-party collaboration to identify, mitigate, and disrupt cyber crime.
“Symphonic has proactively taken measures at great expense to combat streaming fraud based on our own internal data and research. We know our industry counterparts have diligently been fighting their own battles as well. This has been a struggle we are all enduring individually. As part of Music Fights Fraud we can go beyond commiserating with one another to taking real action together. There is strength in numbers and, collectively, we have the best chance of tackling streaming fraud. Joining forces of both distributors and DSPs provides for a transparent compilation of knowledge that can be actioned upon. Symphonic looks forward to collaboratively partnering with our digital community in an effort to eliminate streaming fraud for the health of the industry as a whole, particularly our creator community.” comments Jorge Brea, Symphonic’s CEO & Founder.