The American Society of Composers, Authors and Publishers (ASCAP) has relaunched its administration services business, Songwize.
The business offers rightsholders such as major and independent music publishers a royalty administration service for digital platforms.
It processes and matches performance files and pays royalties in accordance with ASCAP distribution policy and rules, and has been in operation since 2013.
ASCAP says the relaunch signifies its commitment to offering the music industry efficient and cost-effective solutions for royalty processing and payment services, built on its performance rights administration platform.
In the last year, ASCAP has added technological and analytical expertise to a team headed by Senior Vice President Administration Services, Lisa Selden.
In 2016, Songwize administered a 121% year-over-year increase in performances across digital service providers including Amazon, Apple, Google Play, Pandora and YouTube.
“With the increase in streaming music consumption, the number of individual public performances that are occurring is increasing dramatically. Songwize ensures that songwriters and publishers can depend on ASCAp for proper royalty processing and payment under a variety of licensing scenarios.”
elizabeth matthews, ascap
Said ASCAP Chief Executive Officer Elizabeth Matthews: “With the increase in streaming music consumption, the number of individual public performances that are occurring is increasing dramatically.
“Songwize, built on our trusted matching system and transparent distribution rules, ensures that songwriters and publishers can depend on ASCAP for proper royalty processing and payment under a variety of licensing scenarios.”
Selden added: “Songwize is better positioned than any other entity to provide royalty administration services to publishers and digital service providers.
“By eliminating the duplicative costs required to build and maintain separate royalty databases, processing platforms and payment infrastructures, Songwize enables more funds to flow to music creators.”
This articel can be found on MusicBusinessWorldwide.com