Fast-growing music licensing company Songtradr has introduced an interesting new tool to its platform, enabling fans to directly ‘tip’ artists money online.
All net proceeds from these tips go directly to Songtradr Pro artists.
Santa Monica-based Songtradr directly represents the music of over 100,000 creators.
Its core business is to pitch this material to leading players in the TV, advertising and movie worlds – as well as online YouTube channels and other digital partners.
Any musician can now upload songs to a public profile page on the service, highlight a featured track on the top of their page, and start receiving support from fans.
There’s no set tip requirement; anyone can tip any amount over $1.
“Many music fans want to be able to tangibly support the musicians they love, and when they buy music or merchandise, especially through third party providers, only a portion of that money actually ends up in artists’ hands.”
Paul Wiltshire, Songtradr
“Many music fans want to be able to tangibly support the musicians they love, and when they buy music or merchandise, especially through third party providers, only a portion of that money actually ends up in artists’ hands,” said Paul Wiltshire, founder and CEO of Songtradr.
“With Songtradr’s new features, artists can have their own profile and streaming interface to share with their fans, who in return, can reward them directly.”
Tipping fans can also leave a direct note for artists when they tip, as well as sharing the factthey’ve tipped on their social networks and encourage friends to do the same.
Wiltshire added, “Songtradr is a place where artists can monetize their music in the most direct ways possible, via licensing opportunities and ‘direct-from-fan’ support.”
Songtradr has officially raised $6m in investment to date and recently inked a flagship deal with global retail music provider Mood Media.Music Business Worldwide