Word Collections operates a global administration system designed to streamline royalty collection for songwriters, publishers, and authors. The platform removes intermediaries to reduce administrative fees and accelerate payments from digital services and collection agencies. Proprietary technology and expert teams are utilized to locate all associated sound recordings and ensure accurate royalty calculations and recovery.
Funding
$8.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Songwriters, composers, and spoken-word performers often struggle to navigate the complex landscape of global royalty collection, leading to unpaid earnings and lost revenue streams. The traditional system involves multiple intermediaries, creating inefficiencies, higher administration fees, and a lack of transparency in tracking and recovering royalties.
Solution
WordCollections offers a global publishing administration platform designed to directly license and collect royalties for songwriters, composers, and spoken-word performers. By cutting out intermediaries and directly connecting to digital services and collection agencies, WordCollections ensures accurate data, reduces administration fees, and accelerates payments. The platform uses proprietary technology and a dedicated team of music experts to identify all versions of a song, including original, live, and cover recordings, ensuring comprehensive royalty collection.
Target Audience
The primary target audience includes songwriters, composers, music publishers, and spoken-word performers seeking to maximize their royalty income and streamline the publishing administration process.
Features
- Direct licensing to digital services and collection agencies, eliminating middlemen
- Proprietary technology to identify all sound recordings of a composition
- Administration team focused on ensuring accurate royalty calculations and payments
- Royalty recovery services to correct discrepancies and reclaim unpaid earnings
- Global publishing administration covering various territories worldwide
- Synchronization negotiation, pitching, and placement services for film, TV, commercials, and other media