Symphonic Distribution

Last updated
Symphonic Distribution
Company typePrivate
Industry Music industry
GenreDigital distribution
Music publishing
Founded2006
FounderJorge Brea
Headquarters
Tampa
,
United States
Area served
 Worldwide
Key people
Jorge Brea (Chairman and Chief Executive Officer)
ServicesOn-demand music distribution
Number of employees
150
Website symphonic.com

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.

Contents

History and background

Symphonic Distribution is based in Tampa, Florida and was founded in late 2006. By 2010, Symphonic Distribution was earning more than half a million dollars a year in revenue. [1] It generated $2.3 million in revenue in 2014, about $500,000 of which was profit. [2]

In 2016, Symphonic Distribution announced an expansion into New York with the intention of establishing relationships for its distributed labels, artists, and independent brands. [3] In addition, following the closure of Beatport's Distribution company, Baseware Distribution, Symphonic signed over 200 distribution accounts from the defunct distributor.[ citation needed ]

In 2017, Symphonic Distribution received a growth capital investment of $4M from Ballast Point Ventures, a Tampa-based private equity firm. After the investment, the company hired former Orchard executives Nick Gordon and Eshan Shah Jahan as Chief Client Officer & GM and Head of Product based in New York respectively. [4] [5]

The company continued to hire staff members through 2017 and 2018. In 2018, the company hired Jakub Alexander as Director of A&R & Client Development. Jakub, a veteran of label Ghostly International. [6] In addition, Symphonic built out a Client Marketing team, expanding its marketing in Latin America, Hip Hop, Pop, and more. Jon Mizrachi also joined as Senior Director of Sync Licensing after spending 12 years at Carlin America as Creative Director for synchronization licensing in film, television and advertising.[ citation needed ]

In April 2018, the company relocated headquarters to downtown Tampa, Florida where it shares an office building with Tampa Theatre. [7] Following the move, the company worked in collaboration with the Tampa Downtown Partnership to create several Spotify playlists, each embodying experiences unique to the Tampa Bay area and featuring local artists. [8]

Another location opened in 2018 with the opening of the Nashville office of Symphonic, headed by VP, Business Development, Randall Foster who previously worked at Naxos and Anthem Entertainment. Symphonic has continued to launch new locations in Colombia, Brazil, Africa, Mexico, and other countries around the world as well as cities throughout the USA like Los Angeles and Brooklyn, and has continued to launch new solutions in the areas of Catalog Management and Transfer, SplitPay, Analytics, and more. In addition, Symphonic has paid over $100 million in artist royalties since its inception.[ citation needed ]

In January 2022, Symphonic announced a $37 million investment in a Series B round of funding led by NewSpring and Ballast Point Ventures. Symphonic then acquired Streaming Promotions and expanded into Canada. The same year, the company launched a DIY option called "Symphonic Starter", which lets artists upload unlimited songs for a yearly fee in exchange for 100% of royalties. [9]

Video Distribution

In July 2014, Symphonic launched its Video Distribution services. In 2018, Symphonic partnered with Vevo, allowing artists to create and upload music videos on the platform. [10]

Acquisition of Houseplanet Distribution

In 2017, Houseplanet Distribution was acquired by Symphonic Distribution. [11] Houseplanet Distribution, located in Madrid, Spain, as of 2006, focuses on the distribution of house music. [12]

Sync Licensing

Symphonic extended its distribution and label services with a sync licensing division. In addition to being a standalone full-service sync licensing agency, Bodega will serve as the sync licensing arm of Symphonic. [13]

Publishing Administration

In March 2019, Symphonic Distribution announced a partnership with Music Publishing Administration Service. [14]

Partnerships

In 2021, Symphonic Distribution, UnitedMasters, and Horus Music partnered with the music funding company beatBread to offer clients more access to capital. [15] beatBread's chordCashAI technology provides an automated advance experience for independent musicians while enabling clients to choose their own terms and retain ownership of their music. [16]

In 2023, Symphonic became a founding member of the Music Fights Fraud Alliance. Music Fights Fraud is a global task force aimed at eradicating streaming fraud. [17]

Artists

Brazilian Artists

American Artists

See also

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References

  1. ↑ Brown, Jo-Lynn (August 11, 2011). "Who knew? Worldly music distributor makes Wesley Chapel work". Tampa BizCurrents. Retrieved 14 April 2014.{{cite journal}}: Cite journal requires |journal= (help)
  2. ↑ "Wesley Chapel company distributes digital music around the world". Tampa Bay Times. Retrieved 22 May 2015.
  3. ↑ "Symphonic Distribution Expands to New York City".
  4. ↑ "Symphonic Distribution hires Eshan Shah Jahan as Head of Product in New York - Music Business Worldwide". Music Business Worldwide. 2018-08-01. Retrieved 2018-10-31.
  5. ↑ "Symphonic Distribution makes senior hires in New York and Los Angeles - Music Business Worldwide". Music Business Worldwide. 2018-05-09. Retrieved 2018-10-31.
  6. ↑ "Symphonic Distribution hires Jakub Alexander from Ghostly International - Music Business Worldwide". Music Business Worldwide. 2018-06-18. Retrieved 2018-10-31.
  7. ↑ "First look into Symphonic Distribution's new, 4,000-square-foot downtown Tampa headquarters (PHOTOS)". Creative Loafing: Tampa Bay. Retrieved 2018-10-31.
  8. ↑ O'Reilly, Sean (2018-07-06). "Up-and-coming Tampa musicians featured in six new Downtown Tampa playlists on Spotify". WFTS. Retrieved 2018-10-31.
  9. ↑ "Starter". Symphonic. Retrieved 2024-08-30.
  10. ↑ "Music Video Distribution". Symphonic Distribution.
  11. ↑ "Symphonic Acquires Houseplanet Distribution". Symphonic Distribution Blog. 2017-02-01. Retrieved 2017-06-17.
  12. ↑ "Houseplanet Distribution". Stems. Retrieved 2024-08-30.
  13. ↑ "Symphonic Distribution launches sync licensing arm, Bodega Sync". Music Business Worldwide. 2019-02-14. Retrieved 2019-05-16.
  14. ↑ "Symphonic Distribution announces a new business partnership with Songtrust". blog.symphonicdistribution.com. Retrieved 27 March 2019.
  15. ↑ "Music Fintech Pioneer beatBread Partners with Leading Services to Power Dedicated Artist Advance Offerings". Yahoo! News. August 18, 2021. Retrieved August 15, 2022.
  16. ↑ Ingham, Tim (August 18, 2021). "UNITEDMASTERS IS NOW OFFERING $1M ADVANCES TO INDIE ARTISTS, PLUS REAL-TIME STREAMING ROYALTY PAY-OUTS". Music Business Worldwide. Retrieved November 15, 2022.
  17. ↑ Stassen, Murray. "Believe, EMPIRE, Spotify, Amazon Music and more team up to form global task force 'aimed at eradicating streaming fraudAMING FRAUD'". Music Business Worldwide. Retrieved 26 April 2024.
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