Over the past year, Songtrust has added another 55,000 artists and songwriters to its rights management service.
The company, a subsidiary of Downtown Music, a publishing and rights management firm that manages rights for artists such as John Lennon, One Direction and Santigold, now has 205,000 artists on its roster and has 2 million songs it tracks.
The company has also opened three offices in Atlanta, Los Angeles, and Nashville to complement existing locations in New York, London and Amsterdam.
The company’s growth follows that of a music industry that continues to enjoy a renaissance (at least in terms of dollars spent).
The global recorded music market grew 9.7% in 2018 to $19.1 billion, according to data from the International Federation of the Phonographic Industry (which