Songtrust has revealed some new stats showing the growth of its business, both in terms of the songs that it collects royalties for, and the songwriters who it’s paying those royalties out to. The new numbers: 3m songs and 350,000 songwriters, up from 2m songs and 300,000 clients in December 2019.
The company also says that its royalty payouts grew by 185% year-on-year in 2020, which compares to nearly 250% growth in 2019.
Songtrust is also expanding geographically in terms of its collections. “Songtrust has expanded its global royalty collection network to 245 countries, covering 98.3% of the global music market, in order to ensure its clients are collecting as much of their publishing revenue as possible,” it announced in a blog post.