TuneCore, the leading development partner for self-releasing artists, and UK-based publishing administrator Sentric Music Group have renewed their partnership. The agreement allows TuneCore to utilize Sentric’s industry leading technology and direct global collection network to increase revenue opportunities for TuneCore publishing songwriters.
The renewal coincides with an expansion of TuneCore’s services. Through the original partnership, forged in 2018, TuneCore artists are able to submit unlimited songs for a one-time $75 set-up fee and a competitive 15% commission and optional sync service. The renewal deepens the partnership between TuneCore and Sentric, allowing TuneCore to offer songwriters more flexibility, advances, and a new high-end publishing interface.
Andreea Gleeson, CEO, TuneCore commented, “TuneCore’s partnership with Sentric has allowed us to better serve independent songwriters and put more of their hard-earned money in their pockets. We’re excited to renew our partnership and continue providing our artists with the resources they need to develop and sustain their careers long-term.”
Chris Dampier, Vice President, TuneCore Publishing commented, “Self-released songwriters are the most underserved community in the music business. At TuneCore our mission is to educate and empower them so that they don’t lose what is rightfully theirs, and our expanded partnership with Sentric ensures that we are able to help them claim more of their money than ever before.”
Since its inception in 2012, TuneCore Publishing Administration has paid over $100 million to songwriters who utilize the service, with more than 80% of total publishing revenue collected since partnering with Sentric in 2018. 2022 marked TuneCore’s 10th consecutive year of 20% or greater year-over-year growth in gross publishing revenue.
Access to Sentric’s global network also directly helped foster substantial growth in international payments to domestic TuneCore artists, with international sources accounting for less than 10% of royalties paid to artists in 2019, compared to over 40% in 2022.
Chris Meehan, Founder of Sentric Music Group commented, “We are delighted to have been able to enable TuneCore to service the market of independent artists both with domestic and international payments over the last 5 years. Our longstanding partnership shows a commitment to the sector and we will continue to elevate our services, technology and network to ensure this continues.”
Through the partnership with Sentric, TuneCore has been able to provide songwriters with membership to all available global performance and mechanical royalty societies, allowing access to additional revenue streams and faster payouts.