Futures Music Group & 8 More Labels Strike Sync Licensing Deal With Chordal

Chordal has onboarded Futures Music Group and eight additional music companies to its sync licensing platform, the company tells Billboard. The new deals follow major alliances with TikTok and Kobalt Music Group, both of which became Chordal clients over the summer.

Futures, an indie label collective co-founded by Neon Gold’s Derek Davies and Avenue A’s Dave Wallace, has a roster that includes Mt. Joy, Phantogram, Cavetown, The Knocks and Barns Courtney. The other new label partners include Nice Life, Phoenix Music International, Jazz is Dead, Unity Group, Pravda Records, San Juan Music Group and In Real Life.

Chordal’s technology, including its pre-cleared licensing system InstantClear, is designed to streamline sync licensing for songs with multiple rights holders — making it easier and quicker for rights holders to approve their respective shares while also easing the process for brands and producers.

“Futures was built from the ground up to empower our artists and labels with access to the most innovative technologies and partners across the music and music tech ecosystems,” said Davies, co-CEO of Futures Music Group and founder of Neon Gold, in a statement. “Chordal is bringing new clarity and connectivity to the licensing space, pushing the sync industry forward faster than any other company and we’re thrilled to be a part of the amazing work they’re doing to streamline and maximize sync opportunities for artists.”

“We’re proud to welcome these incredible new partners to Chordal,” added Tilo Dell’Oro Maini, co-founder and head of catalog at Chordal. “Each new company that joins our platform helps us move the industry closer to a smarter, more connected, and more creative licensing ecosystem.”