This device lets you set up text notes (for cues, chords, lyrics) via MIDI clips in Ableton Live’s Arrangement View. The text notes will be shown in a pop-up window which you can place where you like and save its position. You are able to change the background color of this window as well.
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You need some programming/support in setting up an Ableton Live set? I can help you to find a set-up which works for your approach. Just get in contact via firstname.lastname@example.org !