TuneCore and Sentric Music Group Renew and Expand Long Term Partnership
Leading Independent Music Publishers Offer Best in Class Services to Self-Releasing Artists Worldwide
January 12, 2023 – TuneCore, the leading development partner for self-releasing artists, and UK-based publishing administrator Sentric Music Group, a Utopia Music company, have renewed their partnership. The agreement allows TuneCore to utilize Sentric’s industry leading technology and direct global collection network to increase revenue opportunities for TuneCore publishing songwriters.
The renewal coincides with an expansion of TuneCore’s services. Through the original partnership, forged in 2018, TuneCore artists are able to submit unlimited songs for a one-time $75 set-up fee and a competitive 15% commission and optional sync service. The renewal deepens the partnership between TuneCore and Sentric, allowing TuneCore to offer songwriters more flexibility, advances, and a new high-end publishing interface.
Andreea Gleeson, CEO, TuneCore commented, “TuneCore’s partnership with Sentric has allowed us to better serve independent songwriters and put more of their hard-earned money in their pockets. We’re excited to renew our partnership and continue providing our artists with the resources they need to develop and sustain their careers long-term.”
Chris Dampier, Vice President, TuneCore Publishing commented, “Self-released songwriters are the most underserved community in the music business. At TuneCore our mission is to educate and empower them so that they don’t lose what is rightfully theirs, and our expanded partnership with Sentric ensures that we are able to help them claim more of their money than ever before.”
Since its inception in 2012, TuneCore Publishing Administration has paid over $100 million to songwriters who utilize the service, with more than 80% of total publishing revenue collected since partnering with Sentric in 2018. 2022 marked TuneCore’s 10th consecutive year of 20% or greater year-over-year growth in gross publishing revenue.
Access to Sentric’s global network also directly helped foster substantial growth in international payments to domestic TuneCore artists, with international sources accounting for less than 10% of royalties paid to artists in 2019, compared to over 40% in 2022.
Chris Meehan, Founder of Sentric Music Group commented, “We are delighted to have been able to enable TuneCore to service the market of independent artists both with domestic and international payments over the last 5 years. Our longstanding partnership shows a commitment to the sector and we will continue to elevate our services, technology and network to ensure this continues.”
Through the partnership with Sentric, TuneCore has been able to provide songwriters with membership to all available global performance and mechanical royalty societies, allowing access to additional revenue streams and faster payouts.
Believe is one of the world’s leading digital music companies. Believe’s mission is to develop local artists and labels in the digital ecosystem by providing them the solutions they need to grow their audience at each stage of their career and development. Believe’s passionate team of digital music experts around the world leverages the Group’s global technology platform to advise artists and labels, distribute and promote their music. Its 1,610 employees in more than 50 countries aim to support local artists and labels with a unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including TuneCore, Nuclear Blast, Naïve, Groove Attack and AllPoints. Believe is listed on compartment A of the regulated market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9). www.believe.com
TuneCore is the leading independent development partner for self-releasing artists to build audiences and careers – with technology and services across distribution, publishing administration, and a range of promotional services. TuneCore Music Distribution services help artists, labels, and managers sell their music through Spotify, Apple Music, Amazon Music, Deezer, TikTok, Tencent, and more than 150 download and streaming stores worldwide, while retaining 100 percent of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration, worldwide royalty collections, and placement opportunities in film, TV, commercials, video games, and more. The TuneCore Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans, and get their music heard. TuneCore, part of Believe, is headquartered in Brooklyn, NY, with offices in Los Angeles, Nashville, and Atlanta, and operates globally through local teams based in the UK, Germany, France, Belgium, The Netherlands, Italy, Brazil, Mexico, Nigeria, South Africa, India, Japan, Indonesia, Thailand, Philippines and Singapore across 5 continents. www.tunecore.com
About Sentric Music Group:
Part of Utopia Music, Sentric Music Group is a global, award-winning independent publisher. Based in Liverpool, with offices in London, Hamburg and New York, it boasts an international infrastructure including direct royalty collection in over 200 territories. Sentric represents more than 4 million works and over 400,000 songwriters either directly or via industry partners, including music publishers, independent labels, management companies and distributors that benefit from Sentric’s publishing administration, co-publishing and creative services. www.sentricmusic.com
Founded in 2016, Utopia Music is a fintech company leveling up the Music Industry through clear, transparent, and reliable data-based solutions. Utopia now has a presence in over 12 cities worldwide.