Sweden’s X5 Enlists HFA’s Slingshot for US Licensing Needs

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, establidownload 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 publiconsumers.“At X5 we feel it is very important that songwriters and publibusiness allows us to focus on our core business of creating digitally optimized products to give new life to underserved catalogs and know that the creators of these great songs are getting paid.”