We deserve better: no artist should be in the dark about their financial status (guest column)

This is a guest post by Tracey Melnick, VP, Royalty Services at music distributor and payments firm Stem. She believes that finance teams like hers can “be the engine” that can power a fairer, more sustainable and more profitable music business – if the industry can unite around a modern finance framework. Four years ago, I was the […]

Music distribution and services firm Stem raises $10m

Stem is the US-based company that combines tools helping musicians to track their royalties with distribution to digital music services. It has just raised a funding round of $10m from investors including Coach K, the COO of label Quality Control Music; Mark Gillespie, founder of management company Three Six Zero; a number of managers working […]

Stem launches ’Scale’ feature for artist and label advances

Distributor Stem is the latest non-label company to start offering advances to its clients – although in this case, those clients include independent labels as well as individual artists. Its new feature is called ‘Scale’, and it will involve Stem drawing on a $100m pot (supplied via a capital partnership with investment firm CoVenture) to offer […]

Stem promises to check label / distro deals for artists

Stem has been helping artists to release their music as a distributor for some time. Now it’s launching a new feature, ‘Stem Check’, which it clearly hopes will win some artists over to its platform. “Think you’ve just been offered an ‘artist-friendly’ deal? Let us run the numbers for you,” is how the company introduced it yesterday. […]

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