DUETTI CLOSES $32M IN FUNDING TO DEMOCRATIZE MUSIC CATALOG SALES, MANAGEMENT, & MARKETING
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Wednesday, May 3, 2023
NEW YORK, May 3, 2023 /PRNewswire/ -- Duetti, a new music financing startup founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, today announces its public launch. Duetti's unique model unlocks immediate cash flow for a wide range of artists, allowing them to sell master catalogs, individual tracks, or even parts thereof, an opportunity previously only accessible to a small group of A-list artists. This innovative model opens new investment opportunities for a previously untapped asset class.
Key Points:
- This innovative model opens new investment opportunities for a previously untapped asset class.
- Duetti's highly scalable data-centered approach generates exceptional long-term financial returns for the company and its partner artists by deploying a range of innovative management and optimization tactics.
- Backed by $32M in funding from Viola Ventures and Viola Credit, Roc Nation, Untitled and Presight Capital, Duetti is uniquely positioned to disrupt the music financing market.
- To date, Duetti has facilitated music rights acquisitions that saw artists receive up to $400,000 per deal.