| The Harry Fox Agency and LyricFind
Enter Landmark Lyrics Licensing Arrangement
October 4, 2006 - The Harry Fox Agency,
Inc. (HFA), a leading U.S. music rights licensing organization,
and LyricFind, a legal source of song lyrics online,
announced today that they have entered a lyrics licensing
arrangement for a variety of digital uses, such as downloads,
integration with online music services and devices,
and enhanced search capability for music catalogs. HFA’s
over 30,000 affiliated publishers will have the option
of participating in this licensing arrangement, the
first lyrics licensing arrangement the company has offered.
While terms are not disclosed, this arrangement is
being offered to publishers on a commission-free basis
– publishers will receive the gross royalties
collected by HFA for use of their catalog’s lyrics;
HFA will not deduct its usual 6.75% commission. Once
publishers opt in to the HFA-LyricFind licensing arrangement,
they will be able to add, review, and edit lyrics on
LyricFind’s database. The arrangement encompasses
the personal use of lyrics in the U.S.
“This licensing arrangement with HFA and LyricFind
will support the development of a legal, online lyrics
marketplace. Properly licensed lyric databases will
be a real asset to digital music services, and promote
exciting new options for consumers who love music,”
said Gary Churgin, President & CEO, HFA. “In
addition, this arrangement shows HFA’s ability
to expand beyond its traditional mechanical licensing
business to provide innovative licensing solutions for
digital asset businesses, resulting in new revenue opportunities
for its publishers.”
“LyricFind is committed to creating a robust,
legal database of digital lyrics that will make online
music services even more compelling,” said Darryl
Ballantyne, President, LyricFind. “This arrangement
with HFA enables us to reach the majority of the U.S.
publishing industry, giving us the potential to grow
exponentially, while revitalizing a historic revenue
stream for music publishers.”
About HFA
Established in 1927 by the National Music Publishers’
Association, HFA represents over 30,000 music publishers
in the U.S. for their mechanical licensing needs, as
well as for uses such as ringtones, background music
and lyrics, issuing licenses and collecting and distributing
royalties. HFA also provides collection and monitoring
services to its publisher clients for music distributed
and sold in over 75 territories around the world. For
more information about HFA, or to become an affiliate
publisher or a licensee, see www.harryfox.com.
About LyricFind
LyricFind is leading the charge to legally provide lyrics
online to digital music services, web sites, and many
other applications. LyricFind currently offers both
lyric-based search and lyric display functionality in
a variety of models to fit client needs. For more information
about LyricFind, please visit www.lyricfind.com.
Contact for HFA:
Laurie Jakobsen
212-834-0133
ljakobsen@harryfox.com
Contact for LyricFind:
Darryl Ballantyne
323-275-1163 x101
darryl@lyricfind.com
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