[Las Vegas (USA) = AVING News] BEATSOMEONE Corp. (CEO Yonghwan Kim) held ‘CES’ held in Las Vegas, USA for a total of 2023 days from January 1 (Thursday) to January 5 (Sunday, local time), 8. Participated in the Eureka Park K-STARTUP Integrated Hall, a startup zone of 4.
Bitsome One communicates with composers, identifies all their needs, and provides services. Under the goal of ‘all music comes through Bitsome One,’ the company operates a content business spanning the entire industry, from music production, management, IP management, publishing, and album release, and differentiates itself by adding music tech (Music+ICT).
This exhibition introduces ‘BY BEATS’, a web-based cloud collaboration tool service that protects the composer’s copyright and systematically stores music files. Its biggest strength is that it is a collaboration tool optimized for the music field. There is a mechanism in place to prove the rights relationship with people working together from the time of music production, and it is also noteworthy that music digital files can be managed according to version. Through this, even if a file is lost or deleted due to miscommunication, you can reuse the file at any time you want.
Filming and Editing – AVING NEWS
In addition, the mentoring function provides an opportunity to raise the quality of one’s work by asking questions and receiving answers from experts. Completed music can be safely played to the desired audience through streaming instead of delivering the file directly, and can also be sold within the service if desired. Another advantage is that the rights promised through blockchain NFT technology and digital files can be managed safely and transparently. Officials explain that it is a highly satisfying service that was developed through interviews with many composers.
Bitsome One started from CEO Kim Yong-hwan’s more than 15 years of experience at a famous management company. After completing the music and releasing it as an album, some copyright management is possible through a distribution company, but it was discovered that there is no protection while producing the music. In addition, when collaborating with multiple composers on one piece of music, the distribution of participation shares must be clear from the beginning, but you are not protected if verbal promises are not fulfilled, or file version management is necessary when working collaboratively, but it is difficult to produce music. We developed the service to solve problems where files are deleted or work is interrupted due to the lack of a suitable system.
Currently, the number of music composers that Bitsome One has secured in Korea is showing rapid growth, reaching 2021 in 5000 and 2022 in 1. In October 7, it received the Service Innovation Award in the music production/sales platform category and the KNock IR Pitching Demo Day grand prize in November, and succeeded in attracting Pre-Series A round investment in March 2021. In addition, many companies have been selected for support projects for technology development and commercialization provided by the government.
Based on these early achievements in Korea, we are taking steps toward synergy with global composers and artists. An official said, “Through this CES, we hope to meet partnerships and investors in larger music markets such as Southeast Asia, the United States, and Europe. “We are looking forward to meeting with overseas buyers with whom we can collaborate on music content, overseas companies with singers/producers, and investors who are interested in music IP or content,” he said, explaining the background to his participation in the exhibition.
Additionally, “We plan to secure more than 2023 members by 5 targeting overseas composers, artists, and corporate customers. In addition, we plan to provide benefits by setting up a separate rate plan for students studying music, and we will expand expert mentors for junior composers and students,” he said. “Including the Music Copyright Association of Korea, we are a public trust that manages music rights in each country.” “We will guarantee clear rights to those who create music and advance it into a profitable business based on this,” he said.
Meanwhile, ‘CES’, the world’s largest IT exhibition, is an exhibition where you can understand the trends of the global home appliance industry at a glance. Hosted by the Consumer Technology Association (CTA), it is held every January in Las Vegas, USA. AVING News, which has covered CES for 1 consecutive years, has reported CES news around the world every year since 17, and has been selected as the ‘BEST OF CES’, which selects the best innovative products and technologies, and the ‘BEST OF’, which selects domestic innovative companies. ‘MADE IN KOREA’ was held. In addition, CES on-site issues were vividly conveyed through ‘AVING LIVE’.
The K-STARTUP Integrated Pavilion is jointly participated by the Korea Start-up Agency, Seoul Business Agency, and Seoul Digital Foundation, and 51 domestic innovative companies participated to enter the U.S. market and discover global partners. In addition, CES 2023 college student supporters selected from each university (Kyunghee University, Kookmin University, Sogang University, and Chung-Ang University) were matched considering majors and industrial fields of participating companies.
* Special reporters: Joseph Choe, Kidai Kim, Dongkwan Kim, Mokkyung Lee, Sangun Choi, Joon Suh Lee, Yeawon Choi, Jinnsun Park, Seung Hyun Nam, Min Seok Cha
→ Go to the CES 2023 news special page
