NEW YORK (CelebrityAccess) — Songtrust, the digital rights management company, announced that as of May 31st, 2019, it now has more than 2 million songs from 26,000 publishers and 205,000 songwriters across 64 countries under management.
Since the second quarter of 2018, the number of songwriters with music on Songtrust’s platform increased by than 55,000, and now the company registers an average of over 5,000 new songs every week.
Songtrust’s client base saw year-over-year increases of 180%, compared to the same period in 2018, with royalty collections up by 70%. Additionally, Songtrust increased the number of songs registered on its global platform by 146%.
“This tremendous momentum in the marketplace is the result of Songtrust’s talented and rapidly growing global team–composed of 80 people across nine offices–and our continued collective focus on educating and bringing global music publishing administration to the large segment of music creators that have not been served by the traditional publishing industry, making it easy, affordable and accessible for everyone,” said Molly Neuman, Songtrust’s Global Head of Business Development.
As well, Songtrust has been making strides in its effort to grow its international footprint and now relationships with 34 collection societies across the world, including new partnerships for 2019 with IMRO (Ireland and globally), WAMI (Indonesia) CAPASSO (Mechanical rights in South Africa), SAMRO (Performance rights in South Africa), and ZAiKS (Growing EU society based in Poland), among others.
