NEW YORK–(BUSINESS WIRE)–Aug 26, 2024–
Beginning today, US songwriters can claim and manage their works catalog with TIDAL’s new songwriter tools. Songwriters play an integral part in every track made and shared, but until now, no platforms served songwriters throughout the full writing career cycle. Now with TIDAL, songwriters can make sure their royalties, including mechanical royalties, are correctly identified, attributed, and collected.
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Introducing songwriter tools on TIDAL (Graphic: Business Wire)
“As a songwriter who produces my own music, the new TIDAL songwriter tool makes a noticeable difference by giving me a straight-forward look at my catalog to make sure I’m getting accurate royalties,” said singer-songwriter Sabrina Song. “The ability to manage my works in one place really allows me to focus more on making music.”
Getting organized to get paid properly
Songwriters juggle a mix of collection societies, publishing platforms, royalty management services, streaming services, and single-purpose apps to manage their royalties, careers, and catalog. With these new tools, songwriters can sign up for TIDAL Artist Home and organize their IPI, PRO, and publisher information in one place. Songwriters will also be prompted to sign up for the Mechanical Licensing Collective (MLC). Artists who are registering with a PRO for the first time can sign up with the PRO AllTrack.
“To begin collecting royalties on their songs, creators need to sign up with the proper rights organizations—altogether a confusing process for most,” explains AllTrack Founder and CEO Hayden Bower. “We are proud to partner with TIDAL to introduce new AllTrack technology that makes registering for performing rights and getting paid as simple as possible for creators.”
Managing works
Works registration is essential for songwriters to earn and maximize royalties from their catalog. On TIDAL, songwriters can view their works categorized into three groups: Completed Works, Works Without Recordings, and Unmatched Recordings. With collaborative split sheets, songwriters can unlock better rightsholder tracking and invite collaborators to sign off on their shares, enabling better documentation of ownership. Songwriters with teams can invite their managers and publishers to help manage their works with the team roles tool.
Making sense of metadata
Music metadata determines who gets credited and paid from a track or album. But the existing process is complicated and broken, impacting the accuracy of royalty collection. As principal contributors, songwriters deserve to be recognized for their music. Songwriters can easily view and manage their credits and metadata in TIDAL Artist Home to ensure their works are correctly matched and registered, helping them earn money.
“Creating music sustainably in today’s world is difficult, especially for songwriters who need to establish and manage their identities in order to receive recognition and fulfill their earning potential,” said Agustina Sacerdote, Global Head of Product at TIDAL. “At TIDAL we’re committed to supporting early stage and self-managed songwriters with handling their careers independently. For songwriters, a TIDAL profile is a simpler way to understand and confidently manage their credits to get compensated correctly.”
US based songwriters can claim a songwriter profile at tidal.com/forsongwriters.
About TIDAL
TIDAL is a global music platform that empowers artists to thrive as entrepreneurs while connecting them more deeply with fans through streaming and beyond.
TIDAL was founded for artists, by artists as the next innovative streaming platform to bring value back to the music industry. We empower artists with the products, resources, services, and content required to take control of their careers and connect more deeply with fans. Available in over 60 countries, TIDAL continues to help artists break down economic barriers to keep creating what’s next in culture. TIDAL is part of Block, Inc. (NYSE: SQ), a global technology company with a focus on financial services.
For more information, please visit www.tidal.com.
About AllTrack
Founded in 2017, AllTrack is the only full-service global performing rights organization (PRO) established specifically to serve the independent music sector. AllTrack collects performance royalties on behalf of its creator and publisher members by licensing their music to millions of businesses around the world. AllTrack’s members are compensated as their songs are played by streaming services, on TV, cable, and radio, by local businesses, and as their songs are performed live. An AllTrack blanket license is a simple and affordable solution for businesses to obtain the permission they require to play all of the music represented by AllTrack, both ethically and in compliance with copyright law. Through the ongoing development and use of cutting-edge technology that eliminates inefficiencies, AllTrack is committed to providing a near-effortless copyright compliance and administration solution for businesses and copyright holders alike, resulting in a fair and hyper-efficient marketplace for all. AllTrack is headquartered in Los Angeles, with additional offices in Nashville and New York. Please visit alltrack.com to learn more.
View source version on businesswire.com:https://www.businesswire.com/news/home/20240826206749/en/
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY GENERAL ENTERTAINMENT MUSIC SOFTWARE LICENSING (ENTERTAINMENT)
SOURCE: TIDAL
Copyright Business Wire 2024.
PUB: 08/26/2024 12:00 PM/DISC: 08/26/2024 12:02 PM