We are delighted to continue deepening our relationship with music by partnering with ICE in a first-of-its-kind licensing deal. Facebook’s journey with music is just beginning and we look forward to working with ICE and songwriters to build a community together around music.
We are excited to deepen our relationship with ICE members by renewing our license. The updated agreement under ICE Core means we can drive more value to rightsholders while delivering an incredible music experience to fans around the world across both YouTube and YouTube Music.
We have known the ICE team from the beginning in 2012 and love this idea of a direct and simple arrangement with them. It means we can be on top of and monitor all the major deals with DSPs while getting a much quicker, cost-effective and more efficient pay through. This is a great deal for Concord writers and composers.
We’ve been looking at shaping the digital market from the outset. This direct relationship with the ICE Core allows us to eliminate parallel processing through other incompatible society works databases. This will result in quicker, more efficient and accurate digital royalty distribution across the Songtrust platform and extended to its fast-growing songwriter and publisher client base.
ICE is a unique offering that combines the expertise of the three owners within copyright administration and multi-territory online licensing and processing. ICE has been developed to deliver quality solutions to an increasingly international and borderless market and we are confident that ICE will continue setting new benchmarks for the services rightsholders and music users can expect in this market.