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Jaxsta (ASX:JXT) launches new subscriptions & limits free access

ASX News, Technology
ASX:JXT
16 June 2022 12:19 (AEST)

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Music database specialist Jaxsta (JXT) has launched new subscription products and has begun limiting free access to the site.

The new subscription products will open up access to Jaxsta’s dataset to support royalty identification, collection and reporting.

The enterprise subscription supports enterprises that use music as well as organisations that provide music industry data to support royalty identification, collection and payment processing.

Pricing will be calculated on a case-by-case basis subject to the size of the enterprise and its requirements.

The business subscription will support music companies, record labels, agents, publishers and managers. Pricing will be US$999 (A$1421) per year and includes two licences.

The creator subscription will replace Jaxsta Plus and pricing will begin at $49 per year.

Free access to Jaxsta.com has been limited and the Jaxsta Core subscription will reduce the number of searches to propel paid subscriptions.

The free access will also introduce advertising on June 30 which will be powered by Google’s AdSense.

“Without official music credits the industry is hindered from accurate efficient revenue collection. Without a platform for discovering who has contributed to a song or how to connect with the copyright representatives efficiently, opportunities are lost,” CEO Beth Appleton said.

“From a data perspective, Jaxsta is the source of truth the music industry has been looking for and our platform now has a self-serve solution with this new B2B oriented subscription offering.”

Jaxsta were up 9.52 per cent on the market this morning, trading at 2.3 cents at 11:12 am AEST.

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