Toronto based LyricFind, the largest legal lyric licensing company in the world, announced on Tuesday at the SF MusicTech conference in San Francisco, that they will be the exclusive third party able to administer future licenses for lyrics controlled by Universal Music Publishing Group (UMPG). UMPG will still have the right to license its content directly.
The contract, which went into effect on May 1, 2014, allows LyricFind to search, display, distribute, transmit and reproduce the lyrics of the roster of songwriters under UMPG’s umbrella. It also allows LyricFind to sublicense for display and sync to music sites, services and apps across the internet. UMPG songwriters will receive a share of the revenues generated by LyricFind.
“We couldn’t be more excited to have UMPG’s lyrics as part of LyricFind’s diversified offerings. Lyrics is one of the most popular search terms online, and we’ve seen increased integration of lyrics into websites, music services and applications since we first launched in 2004.” – Darryl Ballantyne, CEO and founder of LyricFind
With this deal, LyricFind will now be working with clients in 30 territories including USA, Canada, Mexico, Brazil, UK, France, Italy, Germany, Spain, Finland, Norway, Sweden, Ireland, Australia, New Zealand, China, Japan, Korea, Russia and India with additional countries being added soon.
LyricFind currently licenses lyrics to Amazon, Pandora, Shazam, SoundHound, HTC, Nokia, SongMeanings, and LyricsMode, among hundreds of others. LyricFind licenses millions of tracks from over 3,000 music publishers including all four majors: EMI Music Publishing, UMPG, Warner/Chappell and Sony/ATV.