Thursday, October 29, 2015

Billboard Introduces A Chart For Lyrics

Billboard LyricFind Chart image
Billboard already has over 100 charts, so you'd think that there wouldn't be a need for another one. The company found room for a couple more by introducing a new US and International LyricFind Charts, which show the songs with the most search queries for the lyrics.

The charts are based upon the data mined from LyricFind, the market leader for lyric licensing, synchronization and reporting.

The company has issued lyric licenses to more than 100 services already, including Amazon, Pandora, Shazam and Yahoo. It specializes in taking the burden of licensing and collecting royalties for lyrics from publishers, who generally choose to spend most of their time on other parts of the business with a greater royalty payout.

While on the surface one might wonder the need for such a chart, it's actually pretty interesting in that so many consumers regularly search for lyrics, in many cases almost as much as the actual song itself. It's no surprise that the chart closely mirrors the Hot 100 chart in that it's mostly populated by the most popular songs of the moment.

In our data-driven Music 4.0 world, the LyricFind Chart is just another useful piece to help frame the success of a song. It's been a long time coming.

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