DistroKid has introduced DistroKid Publishing, a new service aimed at helping independent artists and songwriters collect publishing royalties generated by their music globally. The service is powered by a partnership with Kobalt, which DistroKid describes as the world’s largest independent music publisher.
The offering is available to songwriters who have released at least one project through DistroKid and have earned more than $50 in streaming revenue over the past year. According to the announcement, the service carries a one-time $75 setup fee per songwriter, pays out 80% of collected royalties to songwriters, and requires no long-term commitment, with artists able to opt out at any time.
DistroKid Publishing adds to a growing suite of services the company has rolled out beyond its core distribution business, including DistroKid Direct for direct-to-fan sales, DistroVid for music video distribution, and tools for mastering, monetization and promotion. DistroKid says it distributes 30-40% of all new music released worldwide and serves more than 4 million artists.
Based on a press release provided to Music Industry Weekly by Carrie Davis, cdconsultingco.com.