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BENEFIT COMPANY INFORMATION
"The Oregon benefit company is a corporate status for companies that aim to make a positive impact on society and
the environment in addition to earning a profit" (Richardson, viewed July 21, 2017).
Ascendents.net, Inc. is adopting the third-party standard to provide the most competitive royalty rates for music video rights holders by using advertising revenue to maximize royalty payouts for the music industry. The decline of physical album sales and digital albums cut into artist and songwriter wages. With a current market of streaming services, it often requires hundreds of plays before artists earn one-dollar. With streaming video, it often can take thousands of plays for artists to earn one-dollar (Information, 2017). Ascendents.net's misson statement is "Ascend With Us." Quality advertising and affiliate platforms contribute to its corporate sustainability and benefit the music industry and its supporters by maintaining the most competitive royalty rates possible, even as streaming video takes over (read about royalties).
The corporation is a benefit company subject to ORS 60.750-60.770 (additional requirements apply).
Information. (June 21, 2017). Money too tight to mention. Retrieved from http://www.informationisbeautiful.net/visualizations/spotify-apple-music-tidal-music-streaming-services-royalty-rates-compared/
Richardson. (viewed July 21, 2017). Benefit company faq. Retrieved from http://sos.oregon.gov/business/Pages/benefit-company-faq.aspx
QUESTIONS AND CONTACT INFORMATION
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