LyricFind To Provide Licensed Lyrics For the Grammys
January 18, 2016 at 11:31 AM (PT)
LYRICFIND has partnered with THE RECORDING ACADEMY to license lyrics for various marketing and social media initiatives.
LYRICFIND now guarantees the legal use of artists’ work while also contributing royalties to songwriters. When THE RECORDING ACADEMY 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 supports this arrangement by covering the royalty expenses for all retweets and reposts of GRAMMY-generated social media material.
“The RECORDING ACADEMY and LYRICFIND are united in 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 THE RECORDING ACADEMY Chief Industry, Government & Member Relations Officer DARYL FRIEDMAN. “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.”
LYRICFIND has licensing from over 4,000 music publishers, including all the majors – and has also built a quality-controlled, vetted database of those lyrics available for licensing and synchronized technology, tracking, reporting and paying royalties to those publishers on a song-by-song and territory-by-territory basis.