SoundExchange announced plans to collaborate with SourceAudio to provide a new solution for the rapidly growing podcast industry to secure music with fully integrated, global licenses. The collaboration would provide Podcastmusic.com, a digital music marketplace for podcasters, with access to SoundExchange’s vast membership of music creators and offer licensing for label and publisher-owned music.
“The podcast industry is rapidly growing, and this collaboration will provide SoundExchange’s music creators – both labels and publishers – with an additional way to monetize their work by making their music available on Podcastmusic.com if they choose,” said Michael Huppe, President and CEO of SoundExchange. “Our collaboration with SourceAudio will make the process of licensing music simpler through a one-stop licensing marketplace.”
The collaboration will enhance Podcastmusic.com’s current database of 700,000 production and music bed tracks by providing a global license for all rights needed to use feature music in a podcast, including master use, performance, synchronization, and mechanical rights. Through this digital marketplace, podcast producers will be able to license label and publisher-owned music with the click of a button.
“Currently, there is no simple way for a podcaster to acquire rights for feature music in their podcasts. We are solving that by working with SoundExchange,” said Geoffrey Grotz, CEO/Co-Founder of SourceAudio. “By connecting with SoundExchange’s community of music creators including labels, artists, publishers and songwriters, and benefiting from their deep expertise, we will be able to deliver a high-quality repertoire of music for podcasters.
This service will launch in 2020. Participation in this service by publishers, labels and other rights owners is on a voluntary basis.
It is always a good idea for podcasters to make sure they have the right to use the music they want to put into one of their episodes. This collaboration between SoundExchange and SourceAudio can benefit podcasters by giving them a way to ensure they are allowed to play the music they select. After this launches, it will be interesting to find out what podcasters will be asked to pay in licensing fees.