UnitedMasters Launches Beat Selling Marketplace.
Steve Stoute’s independent artist distribution platform UnitedMasters, which raised $50 million in October, Led by Andreessen Horowitz, valuing the firm at $550 million, has launched a marketplace of its own.
Online marketplaces that let musicians buy and sell beats and sound samples are becoming a big part of the music business.
Last July, music production marketplace and distributor BeatStars reported that it had paid out over $150 million to date to creators worldwide via its platform.
Sample platform Splice meanwhile, has itself paid out over $30 million to musicians to date, and after raising $55 million in February 2021 (led by Goldman Sachs’ GS Growth), is valued at nearly $500 million.
Now, Steve Stoute’s independent artist distribution platform UnitedMasters, which raised $50 million in October, Led by Andreessen Horowitz, valuing the firm at $550 million, has launched a marketplace of its own.
