Songtrust (founded in October, 2010) and Myspace Music this morning announced a partnership to bring Songtrust’s music publishing management services to the social network’s (vast) audience of DIY songwriters and bands.
Songtrust thus aims to streamline what has historically been a complicated process of protecting song copyrights, collecting royalties, and maximizing creative licensing opportunities through a single dashboard.
Courtney Holt, President of Myspace Music, a joint-venture with equity stakes from major record labels, said Songtrust provides a much needed music publishing administration solution for the millions of do-it-yourself artists on the network.
Myspace Music says it will promote the Songtrust service to their audience of musicians.
It’s a partnership that makes plenty of sense, and it’s good to see Myspace Music focusing on offering songwriters and artists the tools they need to build a successful career in music, too.
MySpace Music is a joint music venture, with equity stakes from major labels, that allows users to stream music on demand, create playlists, and add widget music players to their profiles. The streaming will be advertising supported - at first via display ads (like Imeem), and later via in-stream audio ads. DRM-free downloads will also be available, either advertising supported or on a pay basis like Amazon’s Music Store. The new company will own the MySpace music property, get a...