Financial clearing house A facility that receives financial
Financial clearing house A facility that receives financial transaction records, resolves the transactions, and makes the required payments to the value chain participants and value chain delegates. Usage clearing house A facility that gathers reports and statistics of how DRM protected media is used by consumers and by other participants in the value chain. It resolves the requirements for usage reporting and provides reports to specified recipients. Third-party revenues The DRM supplier has two possible sources of revenue: a fee for each transaction or a license for a fixed period (typically annual). The clearing houses usually charge per transaction. System integration A large system is going to require many disparate software systems to be integrated. Is middleware required to ease the integration of DRM with back-office systems? These include e-commerce systems, contracts management, digital asset management, and the clearinghouse. Contracts management Most DRM systems produce comprehensive statistics and reports of consumer use. To apportion payments to the relevant parties the DRM operator may well need other software products, specifically a contracts management package. These products are outside the scope of this book. Good examples can be found in System 7 from Jaguar Consulting and iRights from Ness. These products have modules for the following functions: To manage contracts with artists To acquire content from production companies To track the usage of content To distribute royalties to artists The contracts management application often sits at the hub of the business. Gateways link to the DRM, and to the digital asset management system that may be used as the content library or vault. 274 The Technology of Video and Audio Streaming
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