Not mainstream: meet the start-ups that pay musicians their fair share
Startup companies are emerging to help musicians get their compensation
MUSIC music news
As streaming services like Spotify and Apple Music take over the music industry, debate on fair compensation for musicians has been reignited in industry circles. Now several start-up companies have stepped in to pay musicians their fair share.
One is Kobalt, a tech-driven startup that gives bands, solo musicians, and songwriters fairer compensation. The company gives artists full ownership of their work and in turn, more money for their music. Kobalt has benefited Liverpool band The Wombats. The band spoke with BBC News to explain how Kobalt helped them. “We never used to make any money because we were always paying off our advances”, drummer Dan Haggis explained. “Now we get to keep about 90% of what we earn... it's such a difference, it just made sense”.
BBC News also points out startups like Mycelia and Choon as helping change the industry. Imogen Heap, a musician and founder of Mycelia, explained that her company “empower[s] a fair, sustainable” music industry.
For the full report on the startups challenging streaming services, head over to BBC News.
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