Brooklyn, NY (Feb. 2, 2012) – TuneCore, the world’s largest distributor of music, today announces a groundbreaking agreement with simfy, one of the top music services in Europe, that ensures TuneCore artists and songwriters will be paid for the use of their music.
The deal is groundbreaking as under the agreement, simfy will obtain the rights to both the recordings and songs (aka the underlying composition) represented by TuneCore and pay both sets of royalties directly to TuneCore, as opposed to paying third party collection agencies that take significant percentages of the money and in some cases years to pay it out. The deal allows TuneCore to pay its artists and songwriters/publishers more money more quickly with unprecedented transparency than via any other entity in the world.
Says TuneCore CEO and Founder Jeff Price:
“Simfy is a visionary music service for fans. It is also a music industry leader that pays all royalties for the music in its service. Music fans can now choose to use simfy not only for its great experience with access to over 16 million songs but also because simfy will pay artists and songwriters all their royalties.”
The deal with simfy is one of many direct partnerships that TuneCore’s Global Songwriter Publishing Administration has forged with the leading digital music services. With the click of a button, any songwriter can have songwriter music publishing administration via TuneCore’s Songwriter Service that collects money, registers copyrights, polices rights globally and issues licenses.
Simfy gives music fans access to over 16 million songs in the cloud. Users can listen to music, create playlists, and share them via social networks. A number of service options are available including free advertising-financed and subscription based premium services. Launched in 2010, simfy has rapidly grown to become one of the leading music streaming providers in Europe.
TuneCore (www.tunecore.com) is the largest distributor and has one of the highest revenue-generating music catalogs in the world. In the past two years TuneCore Artists have sold over 500 million units and generated over $250 million dollars in gross music sales and songwriter revenue. In fall 2011, TuneCore launched its separate groundbreaking Global Songwriter Publishing Administration Service, providing any songwriter global songwriter publishing administration which registers their copyrights, collects money that is rightfully theirs, protects and polices their copyrights and songs, and issue licenses.
TuneCore is a low, flat fee service that distributes music to iTunes, Spotify, eMusic, AmazonMP3, Nokia and many other major download and streaming sites while taking no rights and no revenue from the sale of the music. Artists are building careers, selling significant volumes of music and generating revenue through TuneCore. Since its launch in 2006, TuneCore has more than 700,000 account holders, including Grammy winners and unsigned artists alike. TuneCore artists include Drake, Beck, Lil’ Wayne, Jay-Z, Aretha Franklin, Keith Richards, Public Enemy, Nine Inch Nails, Ricky Skaggs, Paul Westerberg, The Civil Wars, Willie Nelson, They Might Be Giants, Donna Summer, MGM Studios, Warren G, Bjork, Moby, High School Musical cast members, Girl Talk, Brian Eno, Starbucks and hundreds of thousands more.