TMCnet News
TuneCore Announces New, Enhanced Publishing Administration ServiceNew partnership with Sentric Music introduces best-in-class global royalty collection and streamlined user experience NEW YORK, July 2, 2018 /PRNewswire/ -- TuneCore, the leading distribution and publishing administration service for independent artists, announced today an array of improvements and enhancements to its publishing administration service that are launching next month. In partnership with award-winning global publisher Sentric Music, TuneCore Artists will be able to take advantage of a best-in-class, worldwide royalty collection network. By adopting Sentric's pioneering technology and direct global collection network, TuneCore's new all-in-one publishing administration experience will give members increased revenue earning opportunities. Current TuneCore Publishing Administration customers will see several new upgrades in their experience. With a clearer, smoother registration process and improved all-in-one dashboard, distribution and non-distribution customers can now monitor and manage their accounts more easily. Artists will seamlessly be able to:
"We're thrilled to bring TuneCore Artists these exciting enhancements to our Publishing Administration services, which will help them earn additional revenue and get paid more quickly," said Scott Ackerman, TuneCore CEO. "At TuneCore, we strive to provide the best tools and services for our artists, helping them maximize career growth and income. Our new partnership with Sentric Music is so important because it positions TuneCore's songwriters to have the same collection profile as major artists across the globe and increases their money-making opportunities." Through Sentric's world class collection network, TuneCore Artists will benefit from direct membership to all available global performance and mechanical societies, and foreign royalties will be collected at the same speed and efficiency as they are from an artist's home territory. With these benefits, members can expect to see payouts administered up to 18 months faster. Additionally, in the coming months, TuneCore will launch a new service that assists songwriters in registering their live performances to enable them tocollect performance royalties from these live performances outside the US, which will provide another revenue generating opportunity for TuneCore songwriters. Sentric CEO Chris Meehan said: "Much like TuneCore, Sentric was founded on the idea that new technology could shake up the traditional music industry and make it work for everyone. This deal takes that shared ethos a step further. For 12 years, our admin platform has allowed hundreds of thousands of rights-holders at every level get access to a fast, flexible, completely transparent service. We're happy to extend that to many more creators and rights-owners through this TuneCore partnership." TuneCore's highly skilled global sync team will continue to ensure members' compositions are front and center for placement opportunities worldwide. Some recent sync placements include:
Pricing for TuneCore's publishing administration remains among the most competitive in the industry, with no change in the $75 one-time set up fee for unlimited submissions and 20% sync commission. Members will see a small increase in Publishing Administration commission to 15%, which is still one of the lowest in the industry. Publishing Administration has been a key revenue driver for TuneCore Artists, as just last year, TuneCore Songwriters saw a 41 percent year-over-year growth in gross publishing revenue and 44 percent revenue growth in sync. With these advancements to the Publishing Administration service, members will now have even more tools and benefits at their disposal to fuel their continued career growth. About TuneCore: About Sentric Music: Photo - https://mma.prnewswire.com/media/713498/TuneCore_Publishing_Administration.jpg Logo - https://mma.prnewswire.com/media/461001/tunecore_logo.jpg |