Mogul, a music startup that helps artists and managers track and identify missing royalties, has tracked more than $100 million in royalties from its users in just three months since its launch.
Mogul was launched in February by former creative executive sound cloud, Jeff Punchikand Joey Mason. The startup describes itself as a platform for artists looking to simplify their finances and ensure they receive the income they deserve.
Tycoon is a financial center for artists and creative people. By connecting their various accounts, users can gain a complete view of their revenue streams, both real and expected. Mogul identifies potential discrepancies and provides “actionable” insights, ensuring artists get what they deserve.
The startup said that during the launch process it found more than $3.5 million Previously undetermined revenue while tracking more than US$30 million “Before the service was launched… it wasn’t even launched.”
“Tracking royalties to exceed $100 million so quickly is a clear indication that the opaque and fragmented nature of the industry needs to be corrected.”
Jeff Punchiksound cloud
“We are thrilled to have reached this incredible milestone just three months after launch,” said Jeff Ponchick, co-CEO of Mogul. Ponchick is the co-founder and former CEO of the subscription-based artist services platform. Serve as CEO forwarding networkSoundCloud acquired the company in May 2019 for approximately $15 million. Subsequently, SoundCloud launched the Repost by SoundCloud marketing and distribution platform in April 2020, targeting “serious artists who want to take their careers to the next level.”
After serving as Vice President and Head of Repost until the end of 2021, Ponchick was promoted to Vice President and Head of Creators at SoundCloud. He left SoundCloud in August 2022.
“Beyond US$100 million The fact that tracked royalties have grown so rapidly is a clear indication that the opaque and fragmented nature of the industry needs to be corrected. Artists and their teams receive reams of data from every royalty source, but few tools to understand how their business actually works.We’re excited that Mogul is serving the needs of new artists every day so they can learn about their business and generate more revenue,” added Ponchick.
“We look forward to providing flexible funding to artists on the Mogul platform, regardless of which distribution, publishing or marketing partner they choose.”
peter sinclairBreak bread
In addition, Mogul also announced a partnership with Break bread Enable artists to receive advances or explore catalog sales.
peter sinclairCEO of beatBread said: “We are very excited to partner with Mogul, not only because of the innovative technology of the platform, but also because our companies share a common vision of artist empowerment. We look forward to providing flexible funding to artists on the Mogul platform, no matter which one they choose. Distribution, publishing or marketing partners.
singer-songwriter aloe vera BrakOne of Mogul’s early adopters said: “I’m excited about what Mogul can do for artists at every level of the industry. Having a system that integrates all revenue streams in a transparent way is the transformative technology we all need.
Tycoon proposed before $1.9 million from a group of investors including Wanda Venture Capital, United Talent Agency, Zoom into LAand former SoundCloud CEO Klingnerof Creator Partners.
The service offers a free option that allows any artist to link their accounts, then charges a flat subscription fee to those who need help claiming lost royalties.Additionally, there is a Pro grade available $20 per month.
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