The trade group formerly known as NARM, is launching resources and a network to help music tech startups. It is the first product that the Music Business Association (Music Biz) has introduced since its rebranding and reorganization in early October.
The Music Startup Network will connect entrepreneurs looking for licensing, marketing, or mentoring relationships for their web, mobile, tablet, or enterprise apps with content players from record labels, publishers, performing rights organizations, artist managers, and other rights-holders. It will also gives content companies an easy way tod filter the large number of potential partners to find the best match.
Entrepreneurs who sign up for the Music Startup Network can create a free profile. They'll be asked some basic due diligence questions regarding number of team members, levels of funding, types of APIs used, business models, and other business development issues. Music Biz rights-holder members can then search, flag, and contact entrepreneurs that match their interests.
“This is the next logical step in our efforts to empower music startups,” said Bill Wilson, VPof Digital Strategy
and Business Development for Music Biz. “
"The Music Startup Network would have been the perfect resource for someone like myself as I was coming into the music industry two years ago,” said Derrick Fung, whose startup Tunezy was recently purchased by SFX Entertainment. “There are so many things to know about royalties and rights and, as an outsider, you have no idea where to go or who to reach out to for help."
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