In the music industry, where financial transparency often seems like a mirage, Mogul is emerging as a lifeline for artists seeking clarity in the compensation they earn.
Mogul addresses the long-standing problem of financial opacity in the music business by centralizing royalty data from all rights types in a single actionable hub, an effective solution for artists looking to simplify their finances and capture every penny of Your profits.
According to a press release shared with EDM.comThe platform has recorded more than $100 million in royalties since its debut in early February, a clear sign that the company is establishing itself as a promising and transformative force for artists.
“Topping $100 million in recorded royalties so quickly is a clear sign that the opaque and fragmented nature of the industry needs to be remedied,” said Mogul CEO Jeff Ponchik. “Artists and their teams receive an ocean of data from every royalty source and have few, if any, tools at the ready to understand how their business really works. We're thrilled that Mogul is filling that need for new artists every day so they can understand your business and generate more income.
Ponchik has an established track record of success when it comes to developing artist-friendly technology tools. The serial entrepreneur founded Repost Network, an artist-oriented promotion and distribution tool that was later acquired by SoundCloud in a $15 million deal in 2019.
“I’m excited about what Mogul can do for artists at all levels of the industry,” added Aloe Blacc, an early adopter of the platform and frequent collaborator of the late dance music icon Avicii. “Having a system that seamlessly synthesizes all revenue streams is a transformative technology that we all need.”
You can learn more about Mogul through the company's official website. website.
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