SoundExchange To Offer New Music Licensing Service For Podcasts
This post comes from MusicRow.
SoundExchange has teamed with SourceAudio to offer a solution to help secure music with fully integrated, global licenses, beginning in 2020. The collaboration will provide podcastmusic.com, a digital music marketplace for podcasters, with access to SoundExchange’s membership of music creators and offers licensing for label and publisher-owned music. Participation in this service by publishers, labels, and other rights owners is on a voluntary basis.
Podcastmusic.com currently has a database of more than 700,000 production and music bed tracks; the collaboration will provide global license for all rights needed to use feature music in a podcast, including master use, performance, synchronization, and mechanical rights. According to the Interactive Advertising Bureau, the podcast industry is forecasted to produce more than $1 billion in advertising revenue by 2021.
“The podcast industry is rapidly growing, and this collaboration will provide SoundExchange’s music creators—both labels and publishers—with an additional way to monetize their work by making their music available on Podcastmusic.com if they choose,” said Michael Huppe, President and CEO of SoundExchange. “Our collaboration with SourceAudio will make the process of licensing music simpler through a one-stop licensing marketplace.”
“Currently there is no simple way for a podcaster to acquire rights for feature music in their podcasts. We are solving that by working with SoundExchange,” said Geoffrey Grotz, CEO/Co-Founder of SourceAudio. “By connecting with SoundExchange’s community of music creators including labels, artists, publishers and songwriters, and benefitting from their deep expertise, we will be able to deliver a high-quality repertoire of music for podcasters.”
Music creators interested in making their sound recordings available for podcasts can visit podcastmusic.com/rights-holders for more information.