Record of the Day: LyricFind Celebrates Stellar 2024, Facilitating Payments of Over $25M to Rights Holders

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Record of the Day covered LyricFind’s 2024 year-end announcement highlighting their 2024 achievements.

LyricFind, the trusted source for lyrics and data licensing, is celebrating a phenomenal 2024 that included a variety of milestones, including its 20th anniversary. After launching, the company signed the first-ever lyric licensing deal with EMI Music Publishing (now part of Sony/ATV Music Publishing) in 2005, kicking off a new era of accuracy and monetization for digital lyrics.
 
In 2024, LyricFind carried that legacy forward by facilitating over $25 million in payments to rights holders. The company also grew its overall normalized revenue by over 40% and continued to expand its catalog over the course of the year, signing over 1,000 new licensing agreements, surpassing 12 million total songs in its lyric licensing database, and topping 1.3 million word-by-word synced songs.

– Record of the Day