User:Sublimeharmony/sandbox11
| Industry | Music |
|---|---|
| Founded | 2010 |
| Headquarters | Ottawa, Ontario |
Key people | Omid McDonald, Booker Sim |
| Products | Music remixes |
| Website | http://www.legitmix.com |
Legitmix is a technological platform that enables artists who remix music to monetize their work.[1][2][3][4]
Product
Legitmix allows remixers to sell Legitmix files for their remixes,[5][6] which are created by calculating the binary difference between a remix and the sampled tracks used to make them.[1][6] Consumers can then recreate the remix using its Legitmix file and the original sampled music.[5][6][1] If they don’t own the original tracks, Legitmix directs them to iTunes to buy them.[1][6] Remixers receive 70% of the sale price of their Legitmix files.[6][1] The owners of the remixed music get paid when consumers buy their tracks to recreate remixes.[6][2]
The company maintains its services are lawful for personal use.[2][4] Legitmix has faced no major legal challenge to date,[1] though critics note the price point for mashups or mixtapes with multiple iTunes tracks might be prohibitively expensive.[7]
History
In 2010, Canadian entrepreneur Omid McDonald came up with the idea for Legitmix after his friend, Booker Sim, had difficulty obtaining licenses for the music he used in a hip-hop documentary.[3][2][8] The two founded Legitmix in 2010 with engineers from McDonald’s previous companies.[9][1] Legitmix’s first round of financing was led by the Purple Angels, an investment group of former Nortel executives.[10][9] In 2011, a beta version of Legitmix launched at South by Southwest with “Mad Legit,” a mixtape by producer Diplo.[11][2] Notable Legitmix users include Nadastrom, El-p, Kon, Hood Internet and Kingdom.[9][12]
In 2012, the Ontario Emerging Technologies Fund led a second round of financing.[13]
External Links
References
- ^ a b c d e f g "Legitmix: Solving the Sampling Issue". djz.com. April 11, 2013. Retrieved June 6, 2013.
- ^ a b c d e Christopher Mims (October 28, 2011). "Legitmix Ends the Music Sampling Deadlock". MIT Technology Review. Retrieved June 6, 2013.
- ^ a b Miles Raymer (November 23, 2011). "An interview with Legitmix creator Omid McDonald". Chicago Reader. Retrieved June 6, 2013.
- ^ a b "Policy Summit CloseUp: Remixing Compensation in Music Services, the Sequel". Future of Music Coalition. Retrieved June 6, 2013.
- ^ a b "Legitmix: Make Money From Mixes Without Clearances (And It Might Even Be Legal)". Hypebot.com. Retrieved June 6, 2013.
- ^ a b c d e f David Ireland. "EDM News: Legitmix Changes The Rules For Selling Bootlegged Music". Magnetic. Retrieved June 6, 2013.
- ^ johnvon (July 13, 2012). "Legitmix – Selling Remixes And Mashups Legally?". Dubspot. Retrieved June 6, 2013.
- ^ "Legitmix Founder Omid McDonald Explains His Plan to Make Sample-Based Music Perfectly Legal, Equitable (Q&A)". Billboard. May 28, 2013. Retrieved June 6, 2013.
- ^ a b c David Weiss (June 22, 2011). "Legal Lead: Legitmix Allows Remixers to Get Creative". Sonic Scoop. Retrieved June 6, 2013.
- ^ James Bagnall (November 27, 2012). "How Ottawa's tech sector lost its edge". Financial Post. Retrieved June 6, 2013.
- ^ Carrie Battan (October 28, 2011). "El-P "Rush Over Bklyn"". Pitchfork. Retrieved June 6, 2013.
- ^ "Legitmix launches first ever remix-only search engine, dubbed "GOOGLE FOR REMIXES"". FACT. Retrieved June 6, 2013.
- ^ Vanessa Diaz (June 5, 2012). "MUSIC NEWS - Legitmix Launches New Technology Site Allowing Self-Serve Sampling Without Traditional Clearance Process". Rawthentix. Retrieved June 6, 2013.