Duetti — A New York-based music platform specializing in catalog monetization for independent artists — reportedly closed at $114m in funding. This comprises of $34 million equity funding from Flexpoint Ford, Nyca Partners and Viola ventures. Also, Duetti arranged for its inaugural $80 million asset-backed securitization (ABS) backed, and structured by Barclays, music rights catalog diversified.
Increasing Catalog Purchasing and Tech Development
The funds will accommodate the growth strategies envisioned by Duetti of acquiring more music catalogs and developing and improving the in-house technologies of catalog prediction and valuation, procurement, and promotion. This sophisticated system allows Duetti anticipate and maximise revenue for independent musicians while guaranteeing the maximum return on their collections.
Assisting Artists in Making and Expanding Their Pound
Owned by Lior Tibon, ex COO of TIDAL, and Christopher Nolte, ex executive at Apple Music, Duetti has joined over 500 artists in more than 30 countries with popular artists like MC Delux, SadBoyProlific, Savannah Dexter. The users of Duetti can sell master catalogs, individual tracks and specific catalog portions that provide artists with easy and instant access to cash, from $10, 000 to $3 million per artist.
Increasing Circulation and Application
In addition to funding solutions, Duetti can also provide distribution and optimisation solutions for artists, leading to increased visible presence and results even in terms of streams of available content. Such a vast support enables artist to effectively monetize their back catalogs while relying on Duetti’s experience to generate audiences.
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