Audiam Adds $1M Funding For Digital Music Royalty Collection From Industry Insiders
Audiam has announced $1 million in funding from a very strategic group of music industry investors. The new round puts Audiam's total funding at $3.5 million. Audiam, launched in mid-2013 by David Willen and ex-Tunecore execs Peter Wells and Jeff Price, audits and collects on behalf of publishers, labels and artists for use on YouTube, Spotify, Beats, Rhapsody, Google Play and other interactive digital music services.
The list of music industry insiders participating in this new round:
- Tony Brummel – Founder of Victory Records
- Philip Kaplan – Founder Distrokid, Fandalism, AdBrite and Tiny Letter and FuckedCompany.com
- Cliff Burnstein – Co Founder Q Prime Management
- Marc Geiger – Head of Music at William Morris Endeavor, co-founder Lollapalooza
Tom Atencio – Former manager New Order, Jane’s Addiction, No Doubt, Film Maker/Producer, Founding Advisor TuneCore
- Tom Windish – The Windish Agency, booking agency
- Howard Grossman – Co-Founding Partner WG&S LLP Business and Wealth Management
- Tony DiCioccio – Q Prime management
Provident Financial Management
- Berkeley Reinhold – Global Head of Music Business Affairs for William Morris Endeavor Entertainment
Marc Reiter – Q Prime management
- Jason Mraz – Grammy award winning multi-platinum selling Artist/Songwriter
- Jimmy Buffett – Multi-platinum selling Artist/Songwriter, entrepreneur, writer and songwriter http://www.margaritaville.com
- Bill Silva – Manager, concert promoter, music publisher
In the past year Audiam has collected and paid out millions of dollars, including royalties generated but unpaid as far back as 2007. In October 2014, they launched the International Association Of Music Publishers "to get established music publishers paid for the digital use of their compositions."
