BeatStars is the online music marketplace that famously sold Lil Nas X the $30 trap beat that he’d use for ‘Old Town Road’.
By June 2019, the company had paid out more than $50m to its community of producers supplying beats for sale, and that had grown to $70m by April 2020, when BeatStars signed a deal with Sony/ATV for the latter to provide its community with publishing and administration services.
Now there’s a new figure for payouts – $85m – and the announcement of a move into traditional distribution.
BeatStars Distribution will offer services for its 2m+ musicians to put their music on more than 30 download stores and streaming services, according to MBW, charging a flat monthly fee of $1.99 with musicians keeping 100% of their royalties.
The company says it signed up more than 4,000 artists for the new tool in its first week after launching.