Nashville Startup, Jammber, Launches Paypal for the Music Industry

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Lost credits and payments are the frustratingly common problems that come with the antiquated ways of the music industry. Currently, the way metadata (the history of the song and all the hands that touch the project: the label, producers, writers) is recorded is out of date and inefficient. With multiple teams creating each song or album, working with different labels and artists, data and payments get lost in the mix. Because of the commonality of this issue, it has rippling effects, not the least of which is the declining musician interest due to the difficulty of getting paid. Up to 30% of the revenue generated in the $60 billion dollar music industry is lost each year because of missing credits. Recognition and payment are often neglected or misplaced and not received by those who deserve them. The music business needed an industry specific PayPal.

Entrepreneurial at heart and a musician himself, Jammber CEO Marcus Cobb set out to fix the problem so close to his heart. Having witnessed first­hand the impact outdated processes had on the artistic process, he put together a team of passionate entrepreneurs ready to tackle the industry issue. With active investors and numerous focus groups, Cobb and Jammber Co­Founders, Adam Clabaugh and Mangesh Bhamkar, emerged from Nashville’s Project Music incubator, leading the entertainment industry in digitizing the payment and paperwork process. Most importantly Jammber tracks the invaluable credits that drive payments from the very beginning of the process. Those credits, in turn, provide opportunities for artists to build recognition for their work by capturing data from the creation of a song.

This metadata makes it easy for every contributor to know what payments they are owed. Jammber’s founders have consistently considered the creative process of the music industry when developing technology for artists. The strength of Jammber has been its ability to enmesh itself in the community of music­dense Nashville.

Rather than infringing on the creative process used by artists, Jammber aids by easing communication and scheduling for teams. Jammber constantly strives to enrich the lives of people in the entertainment industry by giving them technologies that empower and enhance the creative process. The folks in Nashville have recognized Jammber’s passion for music and transparency, and have surrounded Jammber’s Nashville team, helping shape the business.

Jammber has been making headway in the industry and has been featured on TechCrunch, TechCocktail, ChicagoInno, and FirstRule. Jammber CEO and Co­Founder, Marcus Cobb, has been selected to speak at numerous industry events, including at Nashville’s Digital Innovation in Music Summit alongside industry giants such as Spotify and Warner Music Group. In Chicago, Jammber was selected out of 500 technology companies to be a part of ChicagoInno’s March Madness Tech bracket, competing against such established companies as Groupon and Grubhub. Jammber will continue to gain recognition as entertainment professionals begin to interact with the software.

Jammber still seeks investors as it approaches the launch date for the industry platform. Jammber is currently in the first phase of boarding prominent record label Big Machine, the label for Taylor Swift, and also has secured a formal Letter of Intent from Sony Nashville. They have procured a strategic channel partnership with the American Federation of Musicians, which boasts 80,000 members across the U.S. and Canada, featuring Jammber as the talent discovery platform of choice.

“There is currently no efficient way to track music rights, ownership or payments globally. This is absurd,” states Benji Rogers, CEO  & Founder of Pledge Music. Jammber looks forward to righting this wrong.