Beatroot Music, a distribution company based in Memphis, has announced that it is administering the unpaid royalties of former Dart Music, which filed for bankruptcy in 2017 with debts totaling $2.57 million.
According to Beatroot, agreeing to administer these funds allows the company to fulfill pending royalty payments to hundreds of rightsholders who distributed their works through Dart’s services.
Country music star Andy Velo is among the dozens of music creators awaiting payment from Dart.
Velo distributed his hit singles Roll of a Dirt Road and Song You Can Drink a Beer To through Dart’s distribution service.
Rightsholders that may have unclaimed royalties as a result of Dart’s bankruptcy can find out more here.
“We believe in compensating rightsholders for their creative works, and this is why we agreed to administer this fund on behalf of Dart Music.”
George Monger, Beatroot
George Monger, Director of Operations at Beatroot, said: “We believe in compensating rightsholders for their creative works, and this is why we agreed to administer this fund on behalf of Dart Music.
“When Chris McMurtry, Dart’s founder, asked if we would be willing to, we were happy to take on this challenge.”
“Our team has sourced together the metadata of thousands of tracks, which amounts to significant income for the deserving rightsholders. We’re excited to disburse these payments and further support the independent ecosystem.”
“It’s reassuring to see music distributors like Beatroot advocate for all music creators, especially in a time when the music industry is so complex.”
Andy Velo added: “It’s reassuring to see music distributors like Beatroot advocate for all music creators, especially in a time when the music industry is so complex and professionals are losing out due to misinformation and a lack of standardized procedures.
“With Beatroot administering this fund, the team I worked closely with in the studio can reap the reward of our hard work.”Music Business Worldwide