Universal Music, Sony Music, and Warner Music have joined with Spotify, YouTube, Pandora, Netflix, SoundCloud, and SiriusXM in a wild new effort to streamline digital music distribution and copyright issues. The Berklee College of Music's Institute for Creative (BerkleeICE) have announced the Open Music Initiative (OMI), where major labels and streaming services are among more than 50 media groups and companies working to put together an "open-source platform" for tracking music creators and rights owners with the intended goal of improving how rights owners are compensated.

"We want to use the brainpower, neutrality and convening ability of our collective academic institutions, along with broad industry collaboration, to create a shared digital architecture for the modern music business. We believe an open-sourced platform around creative rights can yield an innovation dividend for creators and rights holders alike," Panos Panay, co-­founder of OMI and founding managing director of BerkleeICE, said in a statement.