Artist manager and investor Nicholas Parasram and co-founder of Twitch Justin Kahn have announced a new venture that will offer artist and producer management along with publishing and distribution services, as well as an “incubation lab” — the latter “to help its clients bridge the gap with emerging technologies and develop new IP and businesses”. in a press release.
Announced Monday (Nov. 22), the venture, called Thin Ice Entertainment, kicks off with several clients: electronic producer Stryv (“Move,” recently mixed by Camila Cabello); David Guetta and Sia's longtime collaborator Marcus van Wattum, who has also produced for Britney Spears, G-Eazy and TWICE. Nigerian producer Zone, whose productions have been featured on tracks by Jason Derulo, Sexxy Red and more. and producer RE/MIND, who collaborated with Zone and Derulo on the Derulo track “Limbo.”
“At our core, Thin Ice is focused on helping talent build businesses around their IP and ensuring their brands scale in their own unique way,” Parasram said in a statement. “Justin and I started Thin Ice because we want to create a platform for creatives to truly express themselves through their art and help them build a sustainable life from it. Leveraging our combined experience in the startup ecosystem, Thin Ice also incubates in-house technology products to help talent better monetize, distribute and build IP. We've applied the same principles we used in the startup ecosystem – investing early stage and focusing on supercharged growth – to the entertainment industry, empowering creatives to take their businesses to new heights.”
Parasram and Kan initially connected while working together at Kan's venture fund Goat Capital, which incubated and invested in early-stage technology companies, including Stash and Rye. Prior to Goat Capital, Parasram founded Sonar Projects, through which he managed creators, worked on brand marketing campaigns and secured content deals for venture-backed startups. In 2015, he teamed up with Stryv to help launch the producer's career, eventually getting him signed to Artist Partner Group (APG) in 2020.
Kan is best known as the co-founder of Twitch, which was acquired by Amazon in 2014 for $970 million. He serves as a general partner at Goat Capital and was previously a partner at incubator Y Combinator. During his career, he has invested in more than 100 startups, including Mercury, Ramp, Cruise, Alto Pharmacy, Xendit, Scale, Reddit and Rippling.
from our partners at https://www.billboard.com/pro/nicholas-parasram-twitch-co-founder-justin-kan-launch-music-company/
