Protecting the rights of music creators is a pillar of The Recording Academy, so we’re proud to work with sites like LyricFind that properly compensate songwriters.
(PRWEB) January 22, 2016
LyricFind, the world’s leader in licensed lyrics, is proud to announce its partnership with The Recording Academy® to license lyrics for various marketing and social media initiatives.
In licensing lyric displays to The Recording Academy, LyricFind guarantees the legal use of artists’ work while contributing royalties to songwriters. When The Recording Academy and or the GRAMMYs® post a line or snippet from a song, LyricFind ensures that it is being done in accordance with all applicable laws, and that rights-holders receive appropriate compensation. In addition, LyricFind further supports this partnership by covering the royalty expenses for all retweets and reposts of GRAMMY-generated social media material.
Protecting the rights of artists is at the core of this partnership. “The Recording Academy and LyricFind are united supporting rightholders and being good industry citizens,” explains LyricFind CEO Darryl Ballantyne. “We’re treating these lyric excerpts the way we’d treat a full lyric display, and paying a royalty for the snippet that is equal to the royalty for full song lyrics.”
“Protecting the rights of music creators is a pillar of The Recording Academy, so we’re proud to work with sites like LyricFind that properly compensate songwriters," noted Daryl Friedman, Chief Industry, Government & Member Relations Officer for The Recording Academy. “We applaud LyricFind for setting an example in our industry, and are gratified to see our partnership will result in new royalties for our members.”
Lyrics will be featured on GRAMMY platforms leading up to and during the 58th GRAMMY Awards, airing February 15, 2015 at 8/7c on CBS.
The partnership is the latest in LyricFind’s energetic push to change the way lyrics function in the music ecosystem, from making deals that span the globe to collaborating with industry touchstone Billboard to create the first-ever lyric-driven charts. The leader in the legal lyrics space, LyricFind has licensing from over 4,000 music publishers, including all the majors: Universal Music Publishing Group, Sony-ATV, Warner/Chappell Music Publishing and Kobalt – and has also built a quality-controlled, vetted database of those lyrics available for licensing and synchronised technology. Behind the scenes, LyricFind tracks, reports, and pays royalties to those publishers on a song-by-song and territory-by-territory basis.