UnitedMasters, the “record label in your pocket” for independent artists, has closed a $50M Series C at a $550M valuation to support and empower independent artists. The company is a full-service technology platform for independent artists seeking creative and commercial success while maintaining complete control of their music and financial future. It gives creators access to premium music distribution services, a suite of tools to help directly connect with their fans, and opportunities to connect with the world’s biggest brands through partnerships with the NBA, ESPN, TikTok, Twitch, and more. The startup record label
Cash App has launched Cash App Studios, which allows the mobile payment service to invest in creators’ projects. Creatives include artists, designers, directors, and musicians. In an official statement, Brian Grassadonia, lead at Cash App, said: “We’ve long upheld the importance of artistic expression at Cash App. With the introduction of Cash App Studios, we’ll continue to support the artist’s freedom, both financially and creatively. “In keeping with our guiding principle of economic empowerment, we are excited to support emerging artists who are limitless in their vision with this new program.” Artists
Clubhouse has added a new “music mode” on its app – giving musicians who play live on the social network their own special set of tools to optimize sound quality. The feature will hit iOS first before rolling out to Android. The company said the new feature would allow users to “broadcast with high quality and great stereo sound” — giving listeners a rich listening experience. It added that music mode will also make it possible to hook pro-level audio equipment like mixing boards and mics into Clubhouse. This is
Stage11 has raised a whopping $5.7M to help the likes of Snoop Dogg and Akon – so the moguls can monetize their music using NFTs. The company, founded by Jonathan Belolo, the co-owner of Scorpio Music, develops new landscapes for artists to have a creative outlet to engage with their fans through interactive performances and music worlds. According to PR Newswire, the seed round was led by the European venture capital fund, Otium Capital totaling $5.77 million. “As a gamer and sci-fi nerd, It feels like I’ve been dreaming about
Coinbase and UnitedMasters, a company that distributes music, have signed a deal to allow artists to receive their payments in cryptocurrencies. The Black-owned company, founded by Steve Stoutes, is now one of the first to offer, according to a report by Bloomberg. The partnership’s goal is to “empower independent artists by giving them transparency, equity, and control over their earnings.” Payments are set to be made through Coinbase’s payroll product. UnitedMasters stressed that with this new means of receiving payments, the music artists can now participate in a more equitable
