AI music royalty platform TCAT has appointed a CEO.
Nick Stewart will use his experience of royalty collection and music piracy to build the profile of TCAT and its software which monitors millions of music tracks across the world, saving rights holders millions in unpaid or fraudulently claimed royalties.
Stewart started at Island Records in August 1979. His first two signings were U2 and Killing Joke. Since then, he has worked in all areas of the business, from senior vice president roles at Rhino / Warner Music and BMG to presenting his own show on Virgin Radio as ‘Captain America’.
In 2007 he established Nick Stewart & Associates, a consultancy which incorporates marketing, catalogue exploitation, and management with clients including The Eagles, Glenn Frey, Don Henley, Joe Walsh, U2, Neil Diamond, Earth Wind & Fire, Michael Bolton, Steely Dan, Bonnie Tyler, Sugarland, Vangelis, Steve Winwood, Sir Cliff Richard, Yusuf Islam (Cat Stevens), New Kids on the Block, Live From Abbey Road TV Show and Sir Timothy Rice.
One Media iP Group Plc, a digital music rights acquirer, publisher and distributor which is the majority shareholder in TCAT Limited, uses the technology to police its own catalogue which includes income derived from tracks performed by Kid Creole, Take That, Don Williams, Mungo Jerry, Mago De Oz, Heatwave and Culture Club.
“TCAT operates at the sharp end of the music business. It is transforming royalty tracking from manual to automated, using AI to monitor millions of songs, with a speed and accuracy which human teams are unable to match,” said Stewart.
“It is a wonderful example of the positive impact AI can offer our industry. TCAT is able to help individual artists through to major labels, policing and protecting their work with great accuracy, ensuring royalties do not flow into the wrong hands.”
Michael Infante, CEO of One Media iP, commented: “Nick is something of a legend in our business so we are thrilled to announce his appointment. His track record of bringing cutting edge music to the market is unquestionable.
“Now he will use all his years of music industry knowledge to deliver pioneering technology that protects the global music market for artists and record companies alike.”