Spotify and other successful music startups

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December 30, 2014

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When we talk about music there is a particular part of it that cannot be forgotten: all the brand new companies (known as startups) that work in relation to this world.

Among the best we can remember Stereomood, a music streaming platform that selects the music according to the mood of the user. Split Gigs, which helps emerging bands and singer-songwriters to find venues where they can perform, and Soundreef, an italian company, also analyzed by Rockol in 2011, which supports musical rights management. Rockol is one of the main web portals about music in all its facets, giving informations, news, lyrics and much more.
Very interesting is also Volumeet, a social platform that allows you to track down other fans of your favorite artist.

ProxToMe is maybe one of the most social app in this field. It is created between the italian city of Turin and San Francisco, California. It uses Facebook and Dropbox authentication and allows people nearby to share stuffs. It can be used by different people present at the same concert to share and exchange digital materials. So nice and cute, it brings social and digital mood in a real situation.

All of those services would like to follow the path traced by Spotify, born in 2008 and today one of the best musical service ever. It offers on demand streaming of various artists and labels, such as Sony, Warner Music and Universal Music. Today it has more than 10 millions users, a quarter of them are paying users.

Splice takes the first position as the best performing music startup. Fred Wilson is the man behind the platform among other investors. It is a great platform, which allows artists to edit, annotate and share new music. This is an asset for the indie artists. The musicians can post tracks and share them with their fans as well as their collaborators at a reasonable fee.

DeliRadio (today officially known as Magnifi) is another startup to watch out for. It enables artists in particular bands, to create awareness of their upcoming tracks. It started small but today it is very popular. Usually, most music groups get the largest part of their revenue from concert sales. What DeliRadio does is to make this easier for the artists, without forcing them to break a bank to afford it.

Then there is Earbits. It works differently, since it charges the artists for promotions and data on the listeners instead on the opportunity to stream music. The listeners need to acquire “Groovies” by opening an account.

Today all the best indie artists such as Raury, Lisbon Soul and Heyrocco use such music streaming sites to reach their audience and to connect with fellow musicians. Most of these artists have been using Spotify among others but not only, here is a few examples Heyrocco on Bandcamp and Facebook

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