HFA, the music industry’s go-to source for rights management services, has entered into an agreement with Stockholm-based digital music pioneer X5 Music Group for licensing and royalty administration services in the U.S.
X5, established in 2003, specializes in the digital download market and has released more than 400,000 tracks and 11,000 digital albums customized for the digital marketplace. The products are marketed globally and are available on iTunes, Amazon, Google and Spotify, among others.
X5 is transitioning its U.S rights management responsibilities to HFA and will rely upon Slingshot, HFA’s right management service, for all of its U.S licensing needs, as well as for database management, royalty processing and publisher payments.
“Slingshot was built with flexibility in mind which is key in today’s global marketplace,” said Michael Simon, President & CEO of HFA. “We are looking forward to supporting X5 as it expands its international reach.”
Motivational Podcast by RFFocus.org CEO Kevin Ross - More Episodes HERE