Symphonic Distribution

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Symphonic Distribution
TypePrivate
IndustryMusic
GenreDigital distribution
Music publishing
Founded2006
FounderJorge Brea
Headquarters
Tampa
,
United States.
Area served
Worldwide
ProductsOnline Delivery (Music)
ServicesOn-demand music distribution
Number of employees
175
Websitesymphonic.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.

The company has two plans "Starter", which is a DIY Digital Music Distribution offering that is $19.99 a year for unlimited uploads and 100% of releases as well as "Partner" which is an approval based offering that provides marketing, development, and other label services.

History and background

Symphonic Distribution is based in Tampa, FL and was founded in late 2006. By 2010, Symphonic Distribution was earning more than half a million dollars a year in revenue for its clients.[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 new 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.

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 key staff members through 2017 and 2018, In 2018, the company hired Jakub Alexander as Director of A&R & Client Development. Jakub, a veteran of indie label Ghostly International, is credited with signing and developing Grammy nominated artists Tycho, Com Truise, and Shigeto.[6] In addition, Symphonic build out a robust Client Marketing team, expanding its marketing focuses 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.

In April 2018, the company officially relocated headquarters to downtown Tampa, FL where it shares an office building with the historic 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 respectively. 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 Dollars in artist royalties since its inception.

In January 2022, Symphonic announced a $37 million investment of a Series B round of funding led by NewSpring and Ballast Point Ventures. Later in 2022, Symphonic acquired Streaming Promotions, expanded its presence in Canada, and further has recently launched a DIY option called "Symphonic Starter" which let's artists upload unlimited songs for $19.99 a year in exchange for 100% of royalties.

Additional key services and milestones including the following:

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. [9]

Acquisition of Houseplanet Distribution

In 2017, Houseplanet Distribution was acquired by Symphonic Distribution.[10] Houseplanet Distribution, located in Madrid, Spain, as of 2006, focuses on the distribution of house music.

Sync Licensing

In February 2019, 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 serves as the sync licensing arm of Symphonic.[11]

Publishing Administration

In March 2019, Symphonic Distribution announced partnership for Music Publishing Administration Service. Songtrust is the world’s largest technology solution[buzzword] for global music royalty collection service and publishing administration.[12]

Partnerships

In 2021, Symphonic Distribution, UnitedMasters, and Horus Music partnered with music funding company, beatBread, to offer clients more access to capital.[13] beatBread's chordCashAI technology provides an automated advance experience for independent musicians while enable clients to choose their own terms and retain ownership of their music.

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. ^ "Music Video Distribution". Symphonic Distribution.
  10. ^ "Symphonic Acquires Houseplanet Distribution". Symphonic Distribution Blog. 2017-02-01. Retrieved 2017-06-17.
  11. ^ "Symphonic Distribution launches sync licensing arm, Bodega Sync". Music Business Worldwide. 2019-02-14. Retrieved 2019-05-16.
  12. ^ "Symphonic Distribution announces a new business partnership with Songtrust". blog.symphonicdistribution.com. Retrieved 27 March 2019.
  13. ^ "Music Fintech Pioneer beatBread Partners with Leading Services to Power Dedicated Artist Advance Offerings". Yahoo! News. August 18, 2021. Retrieved August 15, 2022.

External links

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