In a deal with LyricFind, Google is now displaying lyrics in search results starting immediately. LyricFind is the world’s largest lyric licensing service with over 4,000 publishers in its catalog. Lyrics will be seen both in Google’s search results and within Google Play Music.
“We’re happy to expand the depth and quality of lyrics available on Google’s services,” says LyricFind CEO Darryl Ballantyne. “We’re working together to make lyrics available to a larger audience in a faster and more efficient way.”
We're happy to announce our partnership with Google! Through this new deal, LyricFind will add lyrics from 4,000... https://t.co/upKXDG6cZg
— LyricFind (@LyricFind) June 27, 2016
Billboard spoke to Ballantyne and got this quote indicating that the partnership will generate millions more in royalties to its publishing partners:
"It should be a significant revenue stream," Ballantyne said. "I can’t get into the rates, but we expect it to be millions of dollars generated for publishers and songwriters as a result of this. It’s all based on usage. Royalties are paid based on the number of times a lyric is viewed. The more it’s viewed, the more publishers get paid."
Included in the over 4,000 music publishers that LyricFind currently licenses are all the majors – Universal Music Publishing Group, Warner/Chappell Music Publishing, Sony/ATV Music Publishing (including EMI Music Publishing), and Kobalt. According to LyricFind, they are also the exclusive third-party lyrics licensor for Universal Music Publishing Group, the world’s largest music publisher.