Pan-European licensing center ICE Services reports that for the first time more than €1 billion has been distributed to rights holders in a rolling 12-month period (May 2023 to April 2024).
With this distribution milestone passed, ICE said it has now delivered a total of 4.5 billion euros Since the first distribution of royalties in 2016 (approximately $4.88 billion at current exchange rates).
ICE is based in the UK, Germany and Sweden and represents Exceed 330,000 Copyright holders and reports claim to have handled “trillions of online music usage from music streaming services” to date.
ICE is made up of three collecting societies: PRS for Music (UK), STIM (Sweden) and GEMA (Germany)
The company’s ICE Core licenses include repertoire from collection societies PRS, STIM, GEMA, IMRO, BMI, Sabam, AKM and independent publishers Concord, Songtrust and peermusic, as well as a range of other independent publishers represented through PRS’s Core Collective scheme .
ICE’s copyright database contains more than 54 million musical works.
ICE said it had made “continuous improvements” to its systems and processes since 2016, adding that this had “benefited songwriters”.
The company reports that its “multi-stage invoicing” has resulted in more than 180 million euros It’s more about royalties, which are “paid to writers based on the exact usage of their musical compositions.”
In terms of licensing, in 2020, ICE launched an online self-service tool called Permit number Allow smaller online music services to gain multi-regional coverage using ICE core repertoire.
Commenting on the €1 billion distribution milestone, ICE Chief Executive Peter de Mönnink said: “Distributing €1 billion to rights holders in 12 months is a significant achievement and reflects the hard work, expertise and innovation of everyone at ICE, Ensuring our customers can deliver to their members.
“Distributing €1 billion to rights holders in 12 months is a significant achievement and reflects the hard work, expertise and innovation of everyone at ICE to ensure our clients can deliver services to their members.”
Peter de Mönnink, ICE
de Mönnink added: “Although copyright and music publishing play a vital role, they often do not receive the recognition they deserve. Music is a cornerstone of today’s digital services, and customer experience revolves around the value of music and the importance of songwriting. And established.
“The continued expansion of the ICE Hub is critical to providing the highest and most efficient distribution for songwriters and composers. ICE believes that this scale is critical to ensuring fair and sustainable royalties for rights holders in the online space Mobility will become increasingly important. It’s not only our mission, it’s our passion.
“To support our ongoing efforts and address the complexities of royalty management, ICE has a strong focus on scalability facilitated by its ongoing platform development. Although this innovative undertaking presents significant challenges, we are pleased with the progress we have made. ICE It is now gradually entering the deployment stage of this advanced platform.
“ICE is constantly innovating to deliver more royalties at lower costs and provide better services.”
“We’re extremely proud to be able to deliver more royalties to our customers with faster speeds and optimized accuracy, which in turn increases subsequent releases to their songwriters and composers, allowing them to continue creating.”
Rachel Naylor, ICE
Rachael Naylor, Chief Operating Officer of ICE, said: “We are very proud to be able to deliver more royalties to our customers in a faster and more accurate way, which in turn can increase subsequent releases for songwriters and composers, allowing them to continue creation.
“ICE is the touchpoint for many types of exploitation in the industry and the majority of issuance processed online, and we recognize that excellence in copyright is critical to underpin every service we offer now and into the future.”
Naylor added: “Our recent customer survey results showed higher ratings across all service areas, which is evidence of ICE’s improved service performance. This is also reflected in customers renewing ICE and expanding the range of services they receive from us. Even transfer from other service providers.
“We do not underestimate the trust our customers place in us to deliver critical and reliable royalty services and drive continued internal transformation to achieve the right mix of technology, services and process optimization, all driven by truly committed experts Team provided.global music business
