Songtrust, the world’s most popular royalty collection platform for songwriters and music publishers, has announced a breakthrough agreement with pan-European licensing hub, ICE Services Ltd. Under the terms of the new agreement, signed with Songtrust’s parent company, Downtown, ICE will provide a range of digital licensing and back-office royalty processing services for the Songtrust platform and its client base of more than 100,000 songwriters and 11,000 music publishers.
As the first royalty administration platform to become a client of ICE, this arrangement will afford Songtrust with a best-in-class technology and licensing partner, providing unparalleled speed, accuracy, and economies of scale to service its one-of-a-kind platform. The benefits of this collaboration will directly benefit the songwriters and music publishers who utilize the Songtrust platform to collectively manage over 1,000,000 song copyrights.
"Continuously refining our platform and process to provide our clients with the fastest, most efficient royalty collection solution in the market is core to our vision," said Joe Conyers III, Co-founder and General Manager of Songtrust. "Finding a business partner capable of managing the enormous scale and volume of our platform is no easy task. While many vendors are actively working on solutions, the ICE offering is by far and away the most compelling and sophisticated offering in the marketplace today."
"We’ve been looking at shaping the digital market from the outset," said Roberto Neri, Managing Director of Downtown’s London office, the parent company of Songtrust. "This direct relationship with the ICE Core allows us to eliminate parallel processing through other incompatible society works databases. This will result in quicker, more efficient and accurate digital royalty distribution across the Songtrust platform and extended to its fast-growing songwriter and publisher client base."
Ben McEwen, Commercial Director at ICE Services said, "We are clearly delighted that an increasingly important, progressive, and technologically capable publisher such as Downtown and Songtrust has chosen to include its repertoire within ICE’s Core license and is willing to demonstrate their confidence and appreciation of our administration capabilities in this way. We are very excited about working together in this new collaboration."
This news comes on the heels of Songtrust expanding its operations to Europe in late 2017. Its Songtrust Business Services division provides bespoke solutions for corporate clients including CD Baby, Distrokid, Downtown Music Publishing, The Orchard, Sub Pop Publishing, and Trap Nation.
Since launching in 2011, Songtrust has emerged as the most popular music royalty collection solution in the world. Today, over 100,000 individual songwriters and music publishers utilize the platform to manage their licensing and royalty collection. Its Business Services division provides bespoke solutions for corporate clients including CD Baby, Distrokid, Downtown Music Publishing, The Orchard, Sub Pop Publishing, and Trap Nation. In 2017, Songtrust processed royalties from over 20,000 unique income sources in 100 countries around the world.
About ICE Services Ltd
ICE Services, based in London, offers a flexible suite of services for Publishers, Collection Management Organisations (CMOs) and Rightsholders. Services range from multi-territorial online licensing processing to licensing solutions for Digital Service Providers. ICE has the most authoritative copyright database in the world, through their German company, ICE Operations. The database holds over 31 million musical works with over 3 million new works registrations processed per year.