From next month, TuneCore will adopt Sentric’s technology and direct global collection network to give members increased revenue earning opportunities via a new all-in-one publishing administration service.
Improvements include a clearer, smoother registration process and an updated all-in-one dashboard so distribution and non-distribution customers can monitor and manage their accounts more easily.
Artists will be able to manage splits, monitor real-time registration status, view comprehensive earning reports and refer co-writers and band members to complete the full registration of songs.
“Our new partnership with Sentric Music positions TuneCore’s songwriters to have the same collection profile as major artists across the globe and increases their money-making opportunities.”
scott ackerman, tunecore
Scott Ackerman, TuneCore CEO, said: “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.
“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 collection network, TuneCore artists will have 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 the updates, 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 collecting performance royalties from live performances outside the US.
“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.”
chris meehan, sentric
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.”
There is no change in TuneCore’s $75 one-time set up fee for unlimited submissions and 20% sync commission for its publishing administration service, but members will see an increase in the commission to 15%.
Last year, TuneCore songwriters saw a 41% year-over-year growth in gross publishing revenue and 44% revenue growth in sync.
Music Business Worldwide