Quantcast

UNITED MASTERS RAISES $50M FROM APPLE, ALPHABET

Apple is leading a $50m Series B investment in Steve Stoute’s independent music distribution platform UnitedMasters. Google parent Alphabet is also participating in the investment.

The money, UnitedMasters says, “fuels the company’s mission to enable artists to maintain full ownership over their work while expanding their economic opportunity and introducing them to millions of new fans.”

“Steve Stoute and UnitedMasters provide creators with more opportunities to advance their careers and bring their music to the world,” Apple’s Eddy Cue said. “The contributions of independent artists play a significant role in driving the continued growth and success of the music industry, and UnitedMasters, like Apple, is committed to empowering creators.”

Launched in 2017, the company has released music from more than 1m artists, among them NLE Choppa, Lil Tecca, Tobe Nwigwe and Curtis Roach.

UMG'S $4.5 BILLION
FIRST-HALF HAUL
The rich get richer. (7/30a)
SPOTIFY TOPS 165M
PREMIUM SUBS (UPDATE)
The dominant platform keeps growing. (7/29a)
A KID-FRIENDLY TOP 20
Thunder from Down Under (7/29a)
NYC HOMECOMING CONCERT SETS LINEUP
A day in the park (7/28a)
JAZMINE SULLIVAN ON THE POWER OF R&B
Perpetuating a grand tradition (7/28a)
NEW & DEVELOPING ARTISTS
From tender shoots to mighty oaks.
MARKETSHARE MANIA
Let's do the numbers.
DELTA VARIANT
It is not the name of a Henry Miller novel.
IS IT TIME FOR ANOTHER ROCK STORY?
Could be. Dunno.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)