×

Songtrust Royalty Collections Up 70% in a Year

Global music royalty collection service Songtrust, whose mission is to remove the complexity of the publishing landscape by offering detailed  artists and rights holders access to data, reports significant year-over-year growth. With more than 2 million songs under its management, Songtrust registers an average of over 5,000 new songs every week from 26,000 publishers  across 64 countries. Since Q2 of 2018, the company has added an additional 55,000 songwriters to total more than 205,000.

Also compared to the same period in 2018, Songtrust’s client base grew by 180% with royalty collections up by 70%. Corporate clients include CD Baby, Distrokid, Downtown Music Publishing, The Orchard, Sub Pop Publishing and Trap Nation.

According to the company, one out of five songwriters in the U.S. touches the platform, which claims cuts of 50% of the top R&B and Hip-Hop tracks.

Said Molly Neuman, global head of business development for Songtrust: “This tremendous momentum in the marketplace is the result of Songtrust’s talented and rapidly growing global team — composed of 80 people across nine offices — and our continued collective focus on educating and bringing global music publishing administration to the large segment of music creators that have not been served by the traditional publishing industry, making it easy, affordable and accessible for everyone,”

New York City-based Songtrust was founded in 2011 and is owned and operated by Downtown Music Holdings. The platform boasts direct relationships with more than 50 performance, mechanical and digital societies covering 120-plus territories around the globe.

More Digital

  • AMC’s Streamer Acorn TV Hires Kerensa

    AMC-Owned Streamer Acorn TV Hires Former Filmstruck Exec as International Boss

    Former Filmstruck International general manager Kerensa Samanidis has been appointed Acorn TV’s first international chief. As general manager, international, she will spearhead the growth of the AMC Networks-owned streamer outside of North America and Latin America. Last year, Acorn TV expanded into Australia, and New Zealand, Argentina, Mexico, Spain, and Scandinavia. In the newly-created international [...]

  • apple AR patent application

    Apple Patents Gesture, Expression Tracking for Mixed Reality Headset

    Apple’s upcoming mixed reality headset could include a number of sensors to track the eyes, gestures and even facial expressions of its users. The company applied for a patent to track these kinds of inputs, and combine them with information gathered from outward-facing sensors for mixed reality experiences. The patent application in question, simply titled [...]

  • Natalie Portman Thor Comic Con

    Comic-Con: Marvel 'Shock and Awe' Strategy Dominates Twitter Buzz

    Disney’s Marvel Studios handily won the hype trophy from this year’s Comic-Con International San Diego. Marvel Studios — which returned to the 2019 Comic-Con stage with a chock-full Phase 4 slate of announcements — dominated the discussion on Twitter out of the convention, capturing the biggest volume of buzz for nine of the top 10 [...]

  • Nigeria’s Kunle Afolayan: African Audiences Shouldn’t

    Nigeria’s Kunle Afolayan: African Audiences Shouldn’t Be ‘Second-Class’

    DURBAN–A young boy from a middle-class home gets an unconventional schooling in the ways of the world when he’s forced to apprentice at a mechanic’s workshop in a rough-and-tumble section of Lagos. “Mokalik” is the latest feature from Kunle Afolayan, a leading figure in the wave of filmmakers revitalizing the Nigerian film industry. The film [...]

  • SAG-AFTRA HQ

    SAG-AFTRA Ends Long Strike Against Ad Agency Bartle Bogle Hegarty

    SAG-AFTRA has ended its 10-month strike against Bartle Bogle Hegarty after the advertising agency agreed to sign the union’s new commercials contract. The union instructed its 160,000 members in September not to accept any work for BBH, which had been signed to SAG-AFTRA’s commercials contracts since 1999. The strike came two weeks after BBH publicly [...]

More From Our Brands

Access exclusive content