Songtradr

Songtradr
IndustryMusic
Founded2014
FounderPaul Wiltshire
HeadquartersSanta Monica, CA, U.S.
Websitesongtradr.com

Songtradr is a music licensing platform.

History

Songtradr was founded in 2014[1] by CEO Paul Wiltshire.[2][3][4] Prior to founding the company, Wiltshire had produced or composed music for twelve different #1 albums or recordings for various artists.[5] The Songtradr licensing platform went live in 2016.[6] The company is based in Santa Monica, California[1] and in 2017 opened an office in London, UK.[7] The company raised $12 million in its Series B funding round in 2019 led by Richard White,[8] creating a total of $21.5 million of funding since its founding.[9]

Platform

Songtradr is an automated music licensing marketplace, which as of 2019 had 400,000 artists using the platform in about 190 countries.[10] Songs represented on the platform are licensed by companies for their advertisements, films, and television content,[11] and recordings are searchable through the Songtradr database.[12] Artists upload their music to the platform without charge, and set their own licensing fees.[13] As of 2019, Songtradr was the largest music licensing platform in the world.[2]

Acquisitions

In 2019 Songtradr acquired the creative licensing agency Big Sync Music.[11]

References
  1. "When musicians want their songs in TV shows, movies and streaming sites, they go here". Los Angeles Times. August 22, 2017.
  2. "Aussie owned Songtradr acquires London-based Big Sync Music". February 20, 2019.
  3. Auerbach, Brad. "Musicians Now Have The Option Of Creating A Digital Tip Jar, All Hail Songtradr". Forbes.
  4. "Songtradr Raises $4 Million in Series A Funding Round | Los Angeles Business Journal". labusinessjournal.com.
  5. "Are the major labels in danger of turning music streaming into a monopoly owned by Apple?". Music Business Worldwide. February 19, 2017.
  6. River, Samuel (19 December 2019). "The Book Revolution: How the Book Industry is Changing & What Should Publishers, Authors and Distributors Know about Trends Driving the Future of Publishing". 22 Lions. p. 21 – via Google Books.
  7. "Executive Turntable: Moves at RCA, BGM Production Music, Songtradr & More". Billboard.
  8. "Songtradr raises $12m funding round for global expansion - Music Ally".
  9. "Daily funding roundup - March 22nd, 2019". VatorNews. March 23, 2019.
  10. "Songtradr neemt muzieklicentiebedrijf Big Sync Music over" (in Dutch). February 20, 2019.
  11. "'It creates an unparalleled music licensing solution': Songtradr acquires Big Sync Music agency". www.musicweek.com.
  12. Chertkow, Randy; Feehan, Jason (September 4, 2018). Making Money with Music: Generate Over 100 Revenue Streams, Grow Your Fan Base, and Thrive in Today's Music Environment. St. Martin's Griffin. ISBN 9781250192097 – via Google Books.
  13. "How To Release A Digital Album With Just A Few Hundred Dollars". June 16, 2016.
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