ICE Services has signed a deal with Downtown Music Publishing (which represents works by The Beatles, pictured) and will provide royalty collection solutions to over 100,000 songwriters and 11,000 music publishers from Downtown’s royalty collection platform, Songtrust.
ICE Services – a joint venture between PRS for Music, STIM and GEMA – is a pan-European music licensing and royalty processing venture with a database of around 31 million musical works.
Downtown Music Publishing was established in 2007 and its catalogue includes The Beatles, The Kinks, Hans Zimmer, Mötley Crüe, One Direction and Little Mix.
Its royalty collection platform, Songtrust, collectively manages over 1,000,000 song copyrights.
Speaking about the deal, Roberto Neri, managing director of Downtown’s London office, said that Songtrust will benefit from ‘quicker, more efficient and accurate digital royalty distribution.’
‘This direct relationship with the ICE Core allows us to eliminate parallel processing through other incompatible society works databases. This will result in quicker, more efficient and accurate digital royalty distribution across the Songtrust platform and extended to its fast-growing songwriter and publisher client base,’ he said.
Ben McEwen, commercial director at ICE Services said: ‘We are clearly delighted that an increasingly important, progressive, and technologically capable publisher such as Downtown and Songtrust has chosen to include its repertoire within ICE’s Core licence and is willing to demonstrate their confidence and appreciation of our administration capabilities in this way.
‘We are very excited about working together in this new collaboration.’
Joe Conyers, co-founder and general manager of Songtrust added: ‘Continuously refining our platform and process to provide our clients with the fastest, most efficient royalty collection solution in the market is core to our vision.
‘Finding a business partner capable of managing the enormous scale and volume of our platform is no easy task.
‘While many vendors are actively working on solutions, the ICE offering is by far and away the most compelling and sophisticated offering in the marketplace today.’