Royalty collection platform Songtrust announced that they’ve struck an agreement with the pan-European licensing hub, ICE Services Ltd.
Under the terms of the new agreement, signed with Songtrust’s parent company, Downtown, ICE will provide a range of digital licensing and back-office royalty processing services for the Songtrust and its client base of more than 100,000 songwriters and 11,000 music publishers.
The Songtrust Business Services division provides bespoke solutions for corporate clients including CD Baby, Distrokid, Downtown Music Publishing, The Orchard, Sub Pop Publishing and Trap Nation.
The deal is notable as Songtrust is the first royalty administration platform to sign on as a client of ICE and comes as Songtrust ramps up its operations in European markets. In October, Songtrust launched a new office in Amsterdam and hired Mandy Aubry as director of global business development with responsibility for leading the company’s expansion in Europe.
‘Continuously refining our platform and process to provide our clients with the fastest, most efficient royalty collection solution in the market is core to our vision,’ said Joe Conyers III, Co-founder and General Manager of Songtrust. ‘Finding a business partner capable of managing the enormous scale and volume of our platform is no easy task. While many vendors are actively working on solutions, the ICE offering is by far and away the most compelling and sophisticated offering in the marketplace today.’
‘We’ve been looking at shaping the digital market from the outset,’ said Roberto Neri, Managing Director of Downtown’s London office, the parent company of Songtrust. ‘This direct relationship with the ICE Core allows us to eliminate parallel processing through other incompatible society works databases. This will result in quicker, more efficient and accurate digital royalty distribution across the Songtrust platform and extended to its fast-growing songwriter and publisher client base.’