DistroKid Partners with Kobalt to Launch Music Publishing Service
What happened
DistroKid launched DistroKid Publishing in partnership with Kobalt. This service provides digital rights management for independent artists who have at least one release with DistroKid and have earned over $50 in the last 12 months. Users must pay a $75 upfront fee, and DistroKid retains 20% of the royalties while paying out 80% to the user.
From billboard.com
Why it matters
The service marks DistroKid's entry into the publishing space and Kobalt's entry into the long tail of music publishing. Publishing has historically been a complex and less lucrative business for independent musicians due to complicated royalty collection processes. This new offering provides an additional option for independent musicians to collect songwriting royalties.
From billboard.com
Who's involved
- DistroKidLaunched the publishing service for DIY artists
- KobaltProvided assets for the publishing service
- Downtown Music HoldingsCompetitor in the DIY music publishing market
- SongtrustCompetitor in the digital rights management market
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- DistroKid's new publishing service increases competition for SongtrustSongtrust faces increased competition from DistroKid's new publishing serviceLikely
- DistroKid's publishing expansion may challenge UMG's market shareDistroKid's publishing expansion may challenge UMG's market sharePossible
- DistroKid's publishing service could increase value for Create Music GroupDistroKid's publishing expansion may boost Create Music Group's investment valuePossible
Keep exploring
The entities involved
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DistroKid
American digital music distribution company
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Kobalt
Web agency based in Bari, Italy, specializing in WordPress websites and eCommerce
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