Symphonic Distribution

Symphonic Distribution is based in Tampa, Florida and was founded in late 2006. By 2010, Symphonic Distribution was earning more than half a million dollars a year in revenue.[1] It generated $2.3 million in revenue in 2014, about $500,000 of which was profit.[2]

In 2016, Symphonic Distribution announced an expansion into New York with the intention of establishing relationships for its distributed labels, artists, and independent brands.[3] In addition, following the closure of Beatport's Distribution company, Baseware Distribution, Symphonic signed over 200 distribution accounts from the defunct distributor.

In 2017, Symphonic Distribution received a growth capital investment of $4M from Ballast Point Ventures, a Tampa-based private equity firm. After the investment, the company hired former Orchard executives Nick Gordon and Eshan Shah Jahan as Chief Client Officer & GM and Head of Product based in New York respectively.[4][5]

The company continued to hire staff members through 2017 and 2018. In 2018, the company hired Jakub Alexander as Director of A&R & Client Development. Jakub, a veteran of label Ghostly International.[6] In addition, Symphonic built out a Client Marketing team, expanding its marketing in Latin America, Hip Hop, Pop, and more. Jon Mizrachi also joined as Senior Director of Sync Licensing after spending 12 years at Carlin America as Creative Director for synchronization licensing in film, television and advertising.

In April 2018, the company relocated headquarters to downtown Tampa, Florida where it shares an office building with Tampa Theatre.[7] Following the move, the company worked in collaboration with the Tampa Downtown Partnership to create several Spotify playlists, each embodying experiences unique to the Tampa Bay area and featuring local artists.[8]

Another location opened in 2018 with the opening of the Nashville office of Symphonic, headed by VP, Business Development, Randall Foster who previously worked at Naxos and Anthem Entertainment. Symphonic has continued to launch new locations in Colombia, Brazil, Africa, Mexico, and other countries around the world as well as cities throughout the USA like Los Angeles and Brooklyn, and has continued to launch new solutions in the areas of Catalog Management and Transfer, SplitPay, Analytics, and more. In addition, Symphonic has paid over $100 Million Dollars in artist royalties since its inception.

In January 2022, Symphonic announced a $37 million investment in a Series B round of funding led by NewSpring and Ballast Point Ventures. Later in 2022, Symphonic acquired Streaming Promotions, expanded its presence in Canada, and launched a DIY option called "Symphonic Starter" which lets artists upload unlimited songs for $19.99 a year in exchange for 100% of royalties.

In 2021, Symphonic Distribution, UnitedMasters, and Horus Music partnered with the music funding company beatBread to offer clients more access to capital.[13] beatBread's chordCashAI technology provides an automated advance experience for independent musicians while enabling clients to choose their own terms and retain ownership of their music.[14]

In 2023, Symphonic became a founding member of the Music Fights Fraud Alliance. Music Fights Fraud is a global task force aimed at eradicating streaming fraud. We represent, for the first time, all corners of the music industry aligning as a united front to combat fraud in music streaming.

• Official website