- Music technology company Jaxsta has launched the beta version of Jaxsta Pro
- Jaxsta Pro is the company’s subscription-based service for music industry professionals
- Some revenue is expected this year while the majority is expected in the first half of 2020
- Jaxsta Pro will offer premium features such as profile management, global music charts and market insights
- Jaxsta is up an even eight per cent in afternoon trade with shares priced at 27 cents apiece
Jaxsta has today launched the beta version of Jaxsta Pro.
Jaxsta Pro is the company’s paid business-to-business subscription-based service targeting music industry professionals.
Co-Founder and CEO Jacqui Louez Schoorl said this launch is a significant commercial milestone for the company at the beta version is expected to generate revenue from the launch this year.
“The launch of Jaxsta Pro is a significant achievement for the company and represents the delivery of our first revenue-generating product to market,” Jacqui said.
“We believe these tools will be of great benefit to creatives worldwide, whether they be a music producer, record label or artist manager,” she added.
More significant revenues are expected to be generated in H1 2020 from wider adoption as market awareness of the product increases as well as marketing and publicity campaigns – that were launched today.
This beta launch will offer premium features including profile management, global music charts and alerts, market insights, and a calendar of events.
Jaxsta will build on and refine these features by continuing to assess and collect user feedback then make the appropriate changes.
One new feature that the company expects to add is ‘Musical Works’ which will provide simplified access for music licensees to locate syndication deal contracts.
“The initial suite of features in the beta version of Jaxsta Pro is specifically designed to deliver the ultimate user experience and the best value for our target audience of music industry professionals,” Jacqui commented.
“We believe these tools will be of great benefit to creatives worldwide, whether they be a music producer, record label or artist manager,” she concluded.
To support the launch of Jaxsta Pro the company is actively looking to grow and acquire paid users via a range of marketing and publicity activities.
Jaxsta is currently offering free 30-day trial memberships for Jaxsta Pro to drive initial user adoption and offer every person connected with the music industry an equal opportunity to claim their profile and populate it.
Jaxsta is up an even eight per cent in afternoon trade with shares priced at 27 cents apiece at 3:39 pm AEDT.