New Music Fintech from Jukebox, Demuzo, Traklib & Amuse
Improving independent artists and labels earn, track and collect royalties as well as access working capital when they need it is the focus of more music tech startups. Here is a roundup of the latest developments in music fintech.
New Music Fintech from Jukebox, Demuzo, Traklib & Amuse
Jukebox, a music fintech startup working to turn music royalties into an SEC-qualified investable asset class, today announced the appointment of Mike Coppola as CEO .
Coppola has over two decades of experience scaling companies in finance, technology, and media, will drive Jukebox’s next phase of growth, building on the foundation established by Founder and Chairman Sam Hendel.
Jukebox gives investors access to a diverse portfolio of regulated assets by selling royalty shares in 60,000 songs from Chord Music and others recorded by Taylor Swift, Beyoncé, Post Malone, OneRepublic, and more representing over $6 billion in royalties.
• Demuzo, an Indonesia-based music tech startup has raised $600K in pre-seed funding and launched its music investment platform.
The platform allows fans to invest directly in musicians in exchange for a share of their music royalty rights. Uniquely, the funds raised are channeled to labels to promote these musicians.
Demuzo is debuting with a collaboration with Los Angeles-based music label ISINA Records, which works with award-winning producers such as Walter Afanasieff, Robin Thicke, Paul Oakenfold, and Davix Foreman.
• Traklib is launching its Bespoke Sample Clearance Model as “a fresh, faster way to clear samples that puts major deals on the fast track.”
Tracklib’s standard model with no upfront fee and predetermined royalty rates doesn’t always suit the structures of label agreements.
• Amuse, the global distribution and Artist Services platform, is bringing more transparency to their funding and licensing deals by adding detailed financials and a Deal Tracker in their music distribution apps.
Within the Amuse distribution apps, artists can now get a detailed breakdown of their pertinent deal and financial information and see their recoupment balance distinct from their regular balance or broken down per deal. They can also view their balances from licensed and unlicensed earnings, and soon will be able to withdraw royalties earned under Funding and Services agreements.
Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, a Berklee College Of Music professor and founder of the Skyline Artists Agency
