In early June Berklee announced the beginning of the Open Music Initiative (OMI), a collaboration between the Berklee Institute of Creative Entrepreneurship, the M.I.T. Media Lab, and globally renowned design firm IDEO.
In addition to the three founding organizations more than sixty partners have signed on, including the three major labels, Google with YouTube, the Harry Fox Agency, Spotify, Pandora, Sirius XM, Netflix, and SoundCloud. Other endorsers are advocacy organizations like the Future of Music Coalition and Fair Trade Music, as well as academic institutions like NYU and University College, London.
The goal is ambitious: to reinvent, build, and implement a new standardized digital architecture to track, account, and attribute payment for music.
Source: Berklee College of Music