Record of the Day published the news from LyricFind and Monetunes announcing a deal where Monetunes artists will be able to earn royalties from their lyrics being on digital platforms powered by LyricFind.
LyricFind today announced a new deal with global music royalty collection and administration platformMonetunes. The agreement will enable rightsholders whose works are administered by Monetunes to earn royalties from their lyrics across digital platforms powered by LyricFind.
– Record of the Day
Under the agreement, LyricFind will license and deliver lyrics for Monetunes-administered works to services including Google, TikTok, Amazon Music, YouTube Music, Audi, Deezer, Pandora, and Qobuz. LyricFind will track licensed lyric usage, provide detailed reporting, and send collected royalties to Monetunes for distribution to the appropriate songwriters and rightsholders. The works covered by the deal include works recorded by Daddy Yankee, Zedd, Chance the Rapper, Roberta Flack, and many others.