Mogul, the music industry’s top layer for tracking royalties across all rights types, has surpassed $100 million in tracked royalties across all the artists signed up for the service. This significant milestone is a testament to Mogul’s commitment to helping artists and their teams understand their business by centralizing many different royalty sources into an actionable hub.
Launched publicly at the beginning of February, Mogul has emerged as the go-to platform for artists seeking to simplify their finances and ensure they receive every penny they earn. This achievement highlights Mogul’s rapid growth, solidifying its position as a transformative force in artist finance for emerging, mid-tier, and household names.
Mogul’s most notable feature is its ability to value an artist’s sound recording and publishing catalog. Mogul partnered with BeatBread/Chordcash to advance these features to help musicians receive advances or inquire about selling their catalogs.
Through this milestone, Mogul solidifies its position as a leader in artist finance, setting new standards for transparency, efficiency, and empowerment. And as the company continues to expand its reach and impact, it remains dedicated to providing artists with the tools and resources they need to thrive in an ever-evolving music industry.
KEY QUOTES:
“We are thrilled to reach this incredible milestone in just three months of launching. Surpassing $100 million in tracked royalties so quickly is a clear sign that the industry’s opaque and fragmented nature needs to be remedied. Artists and their teams receive an ocean of data from each royalty source and have little to no tools at the ready to make sense of how their business is actually working. We’re thrilled Mogul is filling that need for new artists every day so that they can understand their business and generate more income.”
- Jeff Ponchick, CEO of Mogul
“I’m excited about what Mogul can do for artists at all levels of the industry. To have a system to synthesize all sources of income in a transparent way is transformative tech we all need.”
- Singer-songwriter Aloe Blacc, one of Mogul’s most visible early adopters
“We are very excited to partner with Mogul, not only because of the platform’s innovative technology, but because our companies share a vision of artist empowerment. We look forward to providing flexible funding to artists on the Mogul platform, no matter which distribution, publishing or marketing partners they choose.”
- Peter Sinclair, CEO of beatBread
