Word Collections Debuts Songwriter Collections: New Royalty Service Promises Faster Global Streaming Payouts
Word Collections has launched "Songwriter Collections," a new royalty service aimed at expediting payments and reducing fraud in digital music streaming. The service maintains direct partnerships with major platforms like Spotify, Apple Music, and YouTube.
Key features of Songwriter Collections:
- Delivers 100% of earned royalties from global digital streaming
- Eliminates intermediary deductions
- Processes royalties up to one year faster
- Handles licensing, admin, collections, auditing, and payments internally
- Tracks royalties for originals, covers, remixes, and rereleases
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Recovery capabilities:
- US royalties: Dating back to 2002
- International royalties: Up to 2 years retroactively
Service terms:
- No upfront fees
- 6-month initial terms
- 30-day termination notice after initial term
- Flexible song and market selection
- Accommodates third-party publishing agreements
Notable clients include:
- Metallica
- Eminem publisher Eight Mile Style
- Greta Van Fleet
- Richard Marx
The service aims to address the issue of unmatched "black box" royalties, ensuring proper payment distribution to rightful owners rather than market-share-based allocation to major publishers.
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