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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