Musicnotes on its Way to $60 Million in Paid Royalties

Musicnotes, Inc., the world’s leading digital et music retailer and publir, announced it will soon hit $60 million in royalties paid to music publirs and songwriters since the launch of www.musicnotes.com in late 1999. The company approximates a distribution sum of $10 million in 2015 alone. The $60 million figure takes into account compensation related to all et music downloads at Musicnotes.com, as well as royalties related to the www.songsterr.com guitar tab business.Musicnotes has a market-leading database that allows for efficient payment of royalties to music publirs worldwide. A full one-third of 2015 royalties will relate to non-US sales, said Musicnotes Executive Chairman Tim Reiland.“We are transparent and pride ourselves on timely royalty payments,” Reiland said. “Our escrow account for accrued but unpaid royalties is well under 1%, a performance we are proud of and will stack up against anyone in the music business.”Musicnotes has establid and maintained a longstanding commitment to supporting songwriters and music publirs around the globe, guaranteeing prompt compensation to the creative forces behind its 300,000-plus digital et music offerings.“Revenue from et music, tablature and lyrics is becoming increasingly important to songwriters and music publirs,” said National Music Publirs’ Association President and CEO David Israelite. “There is tremendous value in songs, and it is important these rights are protected and monetized to their full extent.”The royalties announcement comes on the heels of the company’s celebration of its 5 millionth digital et music customer.“We are pleased to reach these two major milestones,” said Kathleen Marsh, Musicnotes Co-Founder/CEO and President of the Music Publirs Association. “Our team is proud to spread the joy of music making worldwide while respecting copyright and rewarding songwriters and music creators.”