Music licenses have economic value. There is no question about it. The harder question is how that value becomes an actual price. For decades, the collective licensing paradigm offered the simplest workaround. But the past doesn’t have to be the future. The future of music licensing is something entirely different. The future of music licensing is a market mechanism, NPREX (the National Performing Rights Exchange). NPREX costs pennies on the dollar to operate, avoids costly antitrust regulation and unnecessary legal expenses, works for all types of music licenses, including performance licenses, enhances the economic welfare of copyright owners and music users, creates complete transparency for participants and even works well with PROs who might continue to represent works of rights holders.

Can Music Licensing Be a True Market? NPREX Says Yes

Why NPREX is the Next Evolution in Licensing Collectives

A small player in music licensing can upend collective licensing — and it’s not a tech startup or a government regulator. It’s a marketplace.

Financial markets thrive on price discovery, liquidity, and transparency. Yet music rights—among the most culturally significant assets—have long operated outside this framework. NPREX (National Performing Rights Exchange) seeks to change that.

Could NPREX Be the Bloomberg Terminal for Music Licensing?

The National Performing Rights Exchange (NPREX) is a platform that redefines how music performance licenses are valued and transacted.

The Marriage of NPREX and the Composite License: A New Era in Music Licensing