Songtrust Helps Musicians Collect Their Royalties
Song royalties have become a more complicated issue in recent years due to the way technology has affected the music industry. Online radio companies like Pandora and Slacker Radio service millions, and on-demand streaming services like Rhapsody and Spotify have gained a significant hold in the market. These realities mean there are suddenly far more virtual venues than ever before where musicians and songwriters should earn royalties for their work. Technology has also changed the global market for music, as it’s far easier for songs to gain exposure on several continents now. Before the Internet, only larger stars backed by major labels would see radio play internationally. Now, a video uploaded to YouTube can go viral and an independent artist can have worldwide exposure. Without knowing how to collect international royalties however, it’s much more difficult for those independent artists to receive pay for their work. However, a cool product in technology called Songtrust is providing artists a platform on the web to help them collect the royalties they should be earning from every possible source. Read more »
