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Believe Enters Publishing With €47M Sentric Music Acquisition

Believe Enters Publishing With €47M Sentric Music Acquisition

Digital music company Believe has officially launched its global publishing division following the €47 million acquisition of Sentric Music Group, a move set to integrate publishing services for artists and labels worldwide.

High-quality promotional key visual of Believe Music Publishing, showing stylized branding suitable for an acquisition news article.

Source:

Billboard

€47M Deal Launches Global Publishing Arm

Digital music company Believe has decisively entered the music publishing sector with the acquisition of Sentric Music Group. The deal, valued at €47 million, was announced on March 30, 2023, marking a significant expansion of services for the parent company of distributor TuneCore.

Sentric, a UK-based independent music publishing platform, was previously held by Utopia since February 2022. The acquisition transfers Sentric's extensive technology and infrastructure to Believe, establishing the foundation for a new global publishing business line.

Transaction at a Glance

  • Acquiring Company: Believe

  • Acquired Company: Sentric Music Group

  • Transaction Value: €47 million

  • Key Asset: A tech-powered platform representing over 4 million songs and 400,000 songwriters.

Sentric's existing leadership team will continue to helm the new publishing division, ensuring continuity and expertise as the platform integrates into Believe's global operations.

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Generic visual for Believe's public relations, featuring clean and modern design with music industry aesthetics.

Source:

Believe

Integrating Tech for Global Royalty Collection

The strategic acquisition leverages Sentric's robust technology to offer comprehensive publishing solutions across the Believe Group. Sentric specializes in maximizing royalty collections for songwriters through a sophisticated global network.

Core Capabilities

Sentric's platform provides several key services now available to Believe and TuneCore clients:

  • Global Copyright Management: Registration and licensing across 200+ territories.

  • Royalty Collection: Efficient collection from over 70 partner collection societies.

  • Transparent Reporting: Detailed analytics on copyright performance.

  • Creative Services: Includes sync licensing and neighboring rights management.

Denis Ladegaillerie, Founder & CEO of Believe, described the move as “the first step for Believe in the roll-out of a global and comprehensive publishing offer.” He highlighted the immense growth potential in the songwriters' market, which is increasingly driven by digital streaming revenues.

Strengthening the TuneCore Partnership

TuneCore has partnered with Sentric for publishing administration since 2018. This acquisition deepens that relationship, as 23% of TuneCore's subscribers already utilize Sentric's services. The integration aims to create a seamless, one-stop solution for artists to manage both their recordings and their compositions.

Crisp and wide-format Believe logo header graphic, ideal for business and corporate reporting.

Source:

Music Ally

Positioning for a Digital-First Future

Believe's expansion into publishing aligns with the industry's digital transformation. Publishing revenues are the third-largest stream in music, and digital collections are the fastest-growing segment.

The deal positions Believe to capitalize on this trend by offering scalable, tech-driven solutions to a broader base of creators at all career stages.

Strategic Alignment

The acquisition aligns perfectly with Believe’s geographic strengths. Its strong presence in Europe, the US, and fast-growing Asian markets matches the largest publishing markets, enhancing the potential impact of the new division.

By integrating Sentric's flexible service models—ranging from self-service to administrative and funded deals—Believe can now cater to a wide spectrum of artists, labels, and songwriters. This move solidifies its standing as a full-service partner for the independent music community, bridging the gap between recorded music distribution and publishing administration.

Positioning for a Digital-First Future

Believe's expansion into publishing aligns with the industry's digital transformation. Publishing revenues are the third-largest stream in music, and digital collections are the fastest-growing segment.

The deal positions Believe to capitalize on this trend by offering scalable, tech-driven solutions to a broader base of creators at all career stages.

Strategic Alignment

The acquisition aligns perfectly with Believe’s geographic strengths. Its strong presence in Europe, the US, and fast-growing Asian markets matches the largest publishing markets, enhancing the potential impact of the new division.

By integrating Sentric's flexible service models—ranging from self-service to administrative and funded deals—Believe can now cater to a wide spectrum of artists, labels, and songwriters. This move solidifies its standing as a full-service partner for the independent music community, bridging the gap between recorded music distribution and publishing administration.

How will the acquisition impact songwriters and publishers?

The acquisition provides songwriters and publishers with a globally integrated platform for both music distribution and publishing administration. It leverages Sentric's advanced technology to streamline royalty collection and management, offering a comprehensive solution from a single partner.

How will the acquisition impact songwriters and publishers?

The acquisition provides songwriters and publishers with a globally integrated platform for both music distribution and publishing administration. It leverages Sentric's advanced technology to streamline royalty collection and management, offering a comprehensive solution from a single partner.

How will the acquisition impact songwriters and publishers?

The acquisition provides songwriters and publishers with a globally integrated platform for both music distribution and publishing administration. It leverages Sentric's advanced technology to streamline royalty collection and management, offering a comprehensive solution from a single partner.

What new services will Believe offer with Sentric Music?

What new services will Believe offer with Sentric Music?

What new services will Believe offer with Sentric Music?

How does Sentric Music's technology compare to other publishing platforms?

How does Sentric Music's technology compare to other publishing platforms?

How does Sentric Music's technology compare to other publishing platforms?

What are the benefits for TuneCore subscribers with Sentric Music's integration?

What are the benefits for TuneCore subscribers with Sentric Music's integration?

What are the benefits for TuneCore subscribers with Sentric Music's integration?

How does the acquisition align with Believe's global expansion strategy?

How does the acquisition align with Believe's global expansion strategy?

How does the acquisition align with Believe's global expansion strategy?

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