FanLabel Launches FanLabel SongPicks AppAccording to news out of FanLabel this week, the company, "a music gamification and prediction market entertainment company that turns real-world music performance data into interactive fan experiences, today announced the official launch of FanLabel SongPicks, its paid-entry, skill-based, music-contest app that lets fans use their music knowledge to compete for cash prizes. The company has been a leader in promoting a responsible, fair approach to the development of prediction markets, and was one of the few music-related companies to submit comment to the most recent Commodity Futures Trading Commission (CFTC) solicitation."

A company statement continues, "FanLabel SongPicks, builds on the company’s FanLabel Classic app, which lets music fans compete in free fantasy-sports-style music challenges. With FanLabel SongPicks, players can put their music knowledge to the test by ranking songs, predicting streaming trends, and competing on leaderboards. The app currently features two main contest modes: Ranker, where fans rank a selection of songs from most to least streamed, and Best of Five, where players pick the top-performing song from a group."

“We’re thrilled to build off of our free 'FanLabel Classic' experience with 'SongPicks' and bring a pay-to-play, skill-based, gamified music experience to music fans, giving them the chance to win cash prizes,” Jeff Sloan, Founder & CEO of FanLabel, told MC. “The introduction of 'SongPicks' in combination with our soon to be launched prediction market application 'MusicMarkets' expands the FanLabel suite of gamified music-centric experiential offerings and further positions FanLabel as a leader in the space.”

“Our team is very proud to have FanLabel SongPicks officially out in the world,” Sloan said. “We believe that the SongPicks experience will provide music enthusiasts with a new way to engage in their love of music while at the same time benefiting the industry by driving music discovery, consumption, and an entirely new way to generate monetization.”

“As the music industry continues its evolution from passive consumption to interactive, data-driven engagement, platforms like FanLabel are unlocking a new layer of participation for fans and new monetization pathways for rightsholders,” said Bill Campbell, Music Industry Advisor to FanLabel. “What’s particularly compelling here is the combination of fully licensed content, objective data inputs, and a skill-based framework — that’s the foundation for building something scalable, defensible, and regulatorily sound. FanLabel SongPicks is an early example of how music, gaming mechanics, and predictive analytics can converge into a legitimate new category for artists and their fans.” 

For more information, visit fanlabel.com.The post FanLabel Launches FanLabel SongPicks App first appeared on Music Connection Magazine.