Emerging artist platform ReverbNation has launched a new division, CONNECT Songs, that will provide publishing administration services under a revenue sharing model with its artists.
Under the terms of the artist agreement, no long term co-publishing rights will be acquired by the company and there are no upfront fees.
The first artists to benefit from the new publishing division will be members of ReverbNation’s artist development incubator CONNECT, which gives special attention and tools to hand-picked artists identified by the company.
“CONNECT Songs enables ReverbNation to provide powerful, efficient and fully transparent royalty collection services for our bands,” said Simon Perry (pictured), ReverbNation’s Chief Creative Officer.
“Combined with our growing traditional creative publishing capabilities, participating artists will have a powerful new tool to monetize their music, grow their audience and increase their visibility within the music industry.”
“No other company in the world has access to the volume of great, emerging artists than Reverbnation.”
Chris Meehan, Sentric
ReverbNation has formed an alliance with UK-based Sentric Music to enable CONNECT Songs to collect publishing royalties worldwide.
Sentric will handle royalty collection, sync services, and neighboring rights services for artists that choose to participate.
“No other company in the world has access to the volume of great, emerging artists than ReverbNation,” said Chris Meehan, CEO of Sentric Music.
“Their commitment to offering services of real value to artists of all levels is what has attracted us to work with the company over a number of years.
“The publishing administration and synchronisation services will enable artists to create and protect a valuable income stream.”
Over the past few weeks, ReverbNation has announced membership in SESAC for CONNECT membe and key performance slots at important industry events and festivals.Music Business Worldwide