Sentric Music

Last updated
Sentric Music
SentricLogo.png
Parent company Believe Music
Founded2006;18 years ago (2006)
Founder Chris Meehan
Location Liverpool, UK
Official website sentricmusic.com

Sentric Music is a British independent music publisher created by emerging songwriters and artists. [1]

Contents

In February 2022, Sentric was acquired by the Swiss fin tech company Utopia Music. In March 2023, Utopia Music sold Sentric to the French record company Believe Music for €47 million (US$51 million). [2] [3]

Company profile

Founded in 2006, [4] Sentric has its headquarters in Liverpool, England and staff across Europe. [5] The company administers the works of over 100,000 artists and writers, covering more than 1 million songs globally.

Sentric publishes their writers' work in the UK via PRS for Music and the MCPS collection societies.

In May 2012, the North West Fund for Digital & Creative, managed by AXM Venture Capital Limited, made an equity investment into Sentric Music. [6] [ dead link ]

As well as collecting royalties for their writers, Sentric seeks synchronisation opportunities for its writers, having previously placed music in advertisements for companies such as Lexus, O2 Germany, and De Montfort University. [7] In February 2013, Sentric was nominated at the Music+Sound Awards in the Best Sync: Trailers and Promos category for the use of Kankouran's song "Rivers" in the trailer for Series 6 of Skins. [8] [ dead link ]

In June 2012, Sentric Music entered into a co-publishing agreement with Brussels-based Strictly Confidential, the publishing arm of PIAS. [9] The first two artists signed under the co-publishing agreement were Tall Ships and Cattle & Cane. [10]

In February 2013, Sentric Music's CEO, Chris Meehan, was included in the Music Week "30 Under Thirty" list, recognising notable young professionals in the UK music industry. [11]

A partnership with INgrooves Music Publishing was announced in July 2013. IN Grooves Music Publishing is a new division of IN Grooves headed by industry veteran Olivier Chastan. As part of the partnership, Sentric Music provides worldwide rights administration and platform services. [12]

In early 2014, Sentric launched a new brand & artist services division with the intention of adding value to brands through the artists and songwriters that the company works with. [13]

Spring 2014 saw Sentric win a collaborative Technology Strategy Board bid to invest in its rights management system. Working in conjunction with Imperial College London, the eighteen-month big data project, titled Data Exploration and Predictive Analytics for Music Publishing, [14] aimed to create tools for predictive modelling and data visualisation for use in the music publishing industry. [15]

In March 2017, Sentric Music secured a multimillion-pound investment from UK-based venture capital business BGF. [16] In June 2017, Sentric Music signed an administration deal with Chinese independent music firm Modern Sky Entertainment. [17]

In July 2018, music distributor Tunecore partnered with Sentric, granting access to Sentric's technology and global collection network while enhancing Tunecore's distribution and publishing administration services. [18] Since that time, Sentric has represented Believe's Tunecore Music Publishing.

In February 2022, it was announced that Sentric Music had been acquired by the Switzerland-headquartered fintech company, Utopia Music. It was also announced that Sentric Music's CEO, Chris Meehan, would join Utopia Music as Vice President of Royalty Management Services. [19] [3]

In March 2023, Utopia sold Sentric to the French record company Believe Music for €47 million (US$51 million). [20]

Awards

In August 2014, Sentric Music was nominated in the Sync Team (Independent Publisher) and Sync Individual Placement (TV Show: Sports) categories at the Music Week Sync Awards 2014. [21]

In December 2010, Sentric Music was the winner of the Virtual Business Awards 2010. [22] [23]

Related Research Articles

<span class="mw-page-title-main">Cooking Vinyl</span> British independent record label

Cooking Vinyl is a British independent record label, based in Acton, London, England. It was founded in 1986 by former manager and booking agent Martin Goldschmidt and his business partner Pete Lawrence. Goldschmidt remains the current owner and chairman, while Rob Collins is managing director.

<span class="mw-page-title-main">Redeye Distribution</span> American independent record label

Redeye Distribution is an American independent record label based in Hillsborough, North Carolina, United States. It was founded in 1996 by Tor Hansen, Kim Hansen, Glenn Dicker. The label focuses on independent music.

Downtown Music Holdings is an independent rights management and music services company based in the US State of New York. It comprises 10 businesses. All divisions live under the Downtown Music Holdings umbrella and are split between two verticals, Creator and Business.

AWAL is a global recording business that claims to serve as an alternative to the traditional record label, offering deal structures that provide artists the resources and expertise of a global label while allowing them to retain ownership and control of their music. In 2021, Sony Music Entertainment purchased AWAL from Kobalt Music Group for $430 million.

<span class="mw-page-title-main">Primary Wave (company)</span> American music and entertainment company

Primary Wave is a privately held music publishing and talent management company. Primary Wave was founded in January 2006 by music executive Lawrence Mestel. Since its origin as a music publishing and administration company, Primary Wave has expanded into talent management, film and TV production, digital marketing, and branding. Primary Wave owns a significant song catalog, with major acquisitions beginning in 2016, including several hundred #1 hits.

Ingrooves Music Group is a global independent music marketing service and distribution company which provides custom services for artists and independent record labels, owned by Universal Music Group. They use proprietary distribution systems and maintain a focus on analytics and reporting technologies, as well as their own platform that artists and labels can use to manage business.

Kobalt Music Group, Ltd. is an independent rights management and music publishing company. Founded in 2000 by CEO Willard Ahdritz, Kobalt acts primarily as an administrative publishing company, not owning any copyrights. Also offering label services and neighboring rights, the company has developed an online portal to provide royalty income and activity to artists and allow them to manage their rights and royalties directly.

<span class="mw-page-title-main">Symphonic Distribution</span> Worldwide Music Distributor

Symphonic Distribution is a digital music distribution company launched in late 2006 by Jorge Brea, in Tampa, Florida. Symphonic Distribution delivers music from Independent Record Labels and Musicians to online retailers such as Spotify, iTunes, Apple Music, Napster, Deezer, Pandora, Amazon, and Beatport.

GoDigital Media Group (GDMG) is a diversified multi-national conglomerate founded in 2006 by Jason Peterson and headquartered in Los Angeles. GDMG focuses on intellectual property rights management through divisions in music, video networks, and brands (commerce). CEO Jason Peterson's “Content is King” philosophy for GoDigital closely resembles that of Sumner Redstone, the 80's media mogul that grew his father's drive-in theater business into a content-centric empire that included Viacom, Paramount Pictures and CBS.

Royalty Exchange is an American company that operates an online platform for buying and selling royalty assets of any type, mostly music, where royalty owners can sell their future payments to investors as alternative assets. The company hosts a centralized marketplace and online auction platform that connects a community of over 22,500+ investors with owners of royalty-based assets.

<span class="mw-page-title-main">Horus Music</span> Music distributor

Horus Music Limited is a global digital distribution and label services company. Established in 2006, Horus Music allows artists, labels and right-holders to send their music to over 200 download, streaming, and interactive platforms including iTunes, Google Play, Amazon, VEVO, 7digital, Spotify, Beatport, Deezer, Tidal, as well as offering digital marketing and playlisting opportunities.

<span class="mw-page-title-main">Business Growth Fund</span>

BGF Investment Management Limited, established in 2011 as the Business Growth Fund, is an investment company that provides venture capital for small and mid-sized businesses in the UK and Ireland.

Believe is a global digital music company headquartered in France. Believe has several brands including TuneCore, Nuclear Blast, Naïve, Groove Attack, Play Two and AllPoints.

Round Hill Music is an American music publishing company founded in 2010 by Josh Gruss, Richard Rowe, and Neil Gillis. The company operates a music publishing division, a sync and royalty administration, a music production library business, a record label and label services division, and also a Nashville songwriter services group with offices in New York, Los Angeles, Nashville and London.

<span class="mw-page-title-main">Songtradr</span> B2B music licensing platform

Songtradr is an American B2B music platform that claims to facilitate brands, content creators, and digital platforms in their use of music for licensing purposes. As of 2019, Songtradr was the largest music licensing platform in the world.

<span class="mw-page-title-main">Hipgnosis Songs Fund</span> UK music company

Hipgnosis Songs Fund Limited is a British Guernsey-registered music IP investment and song management company founded by Merck Mercuriadis and Nile Rodgers in 2018. Focused on songs and associated musical intellectual property rights, it was founded on the premise that hit songs are long-term predictable assets unaffected by economic cycles that will increase in value as the worldwide music streaming market grows. In addition to acquiring songs and songwriter catalogues, the company manages the playlist, cover, interpolation, and synchronization revenues of its IP.

<span class="mw-page-title-main">Amuse (music company)</span>

Amuse is a global music company offering digital music distribution, funding and artist services to independent artists and managements, who retain 100% of their master rights. The company was founded as a modern alternative to major record labels in 2015 in Stockholm, Sweden by entrepreneurs Diego Farias, Andreas Ahlenius, Christian Wilsson, Guy Parry, and Jimmy Brodd. Amuse is based in Stockholm, Sweden, with offices in London, UK and New York, US. In 2021, Roshi Motman was appointed CEO of the company.

<span class="mw-page-title-main">Concord (entertainment company)</span> Music company

Concord is an American independent creative rights company that develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights and narrative content. It is a private company, funded by long-term institutional capital and members of Concord's management team.

Music Business Worldwide (MBW) is a global music industry news and analysis website launched in 2015 by former Music Week editor Tim Ingham. As of December 2020, it ranked 22,845 in the list of most visited global websites according to Alexa Internet.

<span class="mw-page-title-main">Reservoir Media</span> Music company

Reservoir Media, also known as Reservoir Media Management, Reservoir, Reservoir Holdings, Inc., is an independent music company based in New York City with additional offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi.

References

  1. ↑ "Billboard's 2023 Top Music Business Schools". Billboard. 2023-10-10. Retrieved 2024-08-10.
  2. ↑ "Believe acquires Sentric from Utopia in deal that values the publishing company at €47 million". www.musicweek.com. Retrieved 2024-08-10.
  3. 1 2 Smirke, Richard (2023-03-31). "Believe Breaks Into Publishing By Acquiring UK-Based Sentric Music Group". Billboard. Retrieved 2024-08-10.
  4. ↑ Kiss, Jemima (2008-06-16). "Elevator Pitch: Sentric helps small bands make money". London: Guardian.co.uk. Retrieved 2008-08-04.
  5. ↑ "Measuring Music" (PDF). UK Music. Retrieved 2014-10-05.
  6. ↑ "North West Fund makes investment in Sentric Music". North West Fund. Retrieved 2012-05-28.
  7. ↑ "Sentric Music's Videos on Vimeo". Vimeo.com. Retrieved 3 September 2020.
  8. ↑ "Music+Sound Award 2013 Nominations". Music+Sound Awards. Retrieved 2013-03-06.
  9. ↑ "Sentric announce new publishing venture". The Complete Music Update. Retrieved 2012-06-29.
  10. ↑ "Sentric Music Join Forces with Strictly Confidential". Music Week. 2012-07-29. Retrieved 2012-06-29.
  11. ↑ "Music Week's 30 Under 30 Revealed". Music Week. Retrieved 2013-02-22.
  12. ↑ "INgrooves Launches Publishing Division, Partners with Sentric". Music Week. Retrieved 2013-07-26.
  13. ↑ "Sentric: How a university project became a global publishing operation". Music Week. Retrieved 2014-10-05.
  14. ↑ "Engineering and Physical Sciences Research Council: Details of Grant". EPSRC. Retrieved 2014-10-05.
  15. ↑ "Sentric: Results of competition: Data exploration - creating new insight and value - Collaborative R&D". Technology Strategy Board. Retrieved 2014-10-05.
  16. ↑ "Sentric Music scores multi-million investment from BGF's £2.5bn fund - Music Business Worldwide". Music Business Worldwide. 2017-03-20. Retrieved 2017-11-08.
  17. ↑ "Modern Sky UK allies with Sentric Music". Complete Music Update . Retrieved 2017-11-08.
  18. ↑ "TuneCore partners with Sentric Music for improved service". Musicbusinessworldwide.com. 2 July 2018. Retrieved 3 September 2020.
  19. ↑ "Utopia acquires Sentric Music Group, launches new Royalty Management Services unit". Music Business Worldwide. 2022-02-03. Retrieved 2022-02-03.
  20. ↑ "Believe blasts into publishing, buying $51m-valued Sentric". Music Business Worldwide. 2023-03-30. Retrieved 2024-05-15.
  21. ↑ "Music Week Sync Awards: All the nominees". Music Week. Retrieved 2014-10-05.
  22. ↑ "Sentric Music wins international recognition". Liverpool Daily Post . Retrieved 2012-07-04.
  23. ↑ Staff, Billboard (2022-10-11). "Billboard's 2022 Top Music Business Schools Revealed". Billboard. Retrieved 2024-08-10.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.