Utopia Music establishes Royalty Management Services and welcomes Sentric Music GroupTHE NEW BUSINESS UNIT WILL SERVE PUBLISHERS, LABELS, AND COLLECTION SOCIETIES AND LAUNCHES UTOPIA’S LIVERPOOL TECH-HUB
- With its vision of “Fair Pay for Every Play”, Utopia Music establishes a Royalty Management Services business unit, which will enable the processing, allocation, distribution, and licence management required by Songwriters, Publishers, Collection Societies, Performers, and Labels
- The foundation of this new business unit is Liverpool-based Sentric Music Group, led by CEO, Chris Meehan, who joins Utopia as Vice President of Royalty Management Services
- Utopia Music will set up an engineering tech-hub in Liverpool and embark on a hiring spree for top talent over the course of 2022
- Utopia continues to focus its effort on industry growth, helping Creators and the entire Music Industry more accurately allocate revenues by super-charging Sentric and its RightsApp platform with cutting-edge tech provided by the Utopia Platform
London, UK, 3rd February, 2022 - Utopia Music, the Swiss Music fintech company, launches its new Royalty Management Services business unit, the foundation of which is Liverpool-based Sentric Music Group.
The unit will enable the copyright management, allocation, distribution, and licence management required by Songwriters, Publishers, Collection Societies, Performers and Labels. It will be led by Sentric’s current CEO, Chris Meehan, who joins Utopia Music as Vice President of Royalty Management Services and who will continue to service Sentric’s existing customer base as part of Utopia.
To support the growth of this new unit, Utopia Music will set up an engineering tech-hub in Liverpool and embark on a hiring spree over the course of 2022 to recruit top talent.
Royalty Management Services adds additional value to Utopia’s existing immense music consumption database that currently includes more than 48 billion global data points including radio, television, and film and is continuously growing. It uniquely positions Utopia as the de facto growth partner to the Music Industry and unchallenged market leader, championing accelerated and more accurate royalty payments to Creators.
“Royalty Management Services is set to be a cornerstone of the Utopia business model,” said Roberto Neri, Chief Operating Officer at Utopia Music. “Our main goal is to bring ´Fair Pay for Every Play´ by partnering with all industry stakeholders and unlocking the true value of Music for the whole value chain.
“I am very excited to welcome the very well-respected Sentric team,” Neri added. “Led by Chris, this business unit will be foundational to adding additional value to our already comprehensive and global consumption database, delivering further transparency and faster royalty payouts to Songwriters, Publishers and Collection Societies for Compositions and Performers, and Labels for Neighbouring Rights. Importantly, this new unit will generate employment in Liverpool, something we are passionate about as Utopia continues to grow and recruit the best talent from around the world.”
Sentric Music Group was founded in 2006 and provides industry-innovating technology, enabling partners to seamlessly collect royalties globally from a single, online platform in more than 200 territories.
"Sentric and Utopia have the same long-term vision for the Music Industry,” said Chris Meehan. “Both companies have the same passion for unlocking the true value of Music, and helping Creators reach their full potential. By joining Utopia in the global roll out of our services we are sure to reach our goal faster as a unified front, providing more value to both new and existing clients.”