Apple announces investment and strategic partnership with UnitedMasters, a platform for independent music artists
Apple has announced that is leading a $50 million investment round in company UnitedMasters, a firm that aims to help independent artists establish careers in the music business. This includes keeping rights to their actual recording masters, as well as enable individuals to easily sell tickets, merchandise and similar efforts.
Presumably, the ‘strategic partnership’ will lead to new integrations with Apple Music eventually, although UnitedMasters supports publishing to many platforms including Spotify, TikTok and such. What makes this deal unusual is that Apple typically acquires companies outright rather than a mere seed investor.
via 9to5Mac https://9to5mac.com
March 31, 2021 at 03:20AM