New York-based music and entertainment investment firm Influence Media Partners has launched a new fund to invest in what it describes as “award-winning catalogs of some of music’s most influential female music creators”. The new fund carries an initial value of up to $100 million and has been established in partnership with independent professional retirement services company Municipal Employment Retirement System (MERS of Michigan).
Source: Influence Media Partners launches $100m fund to invest in catalogs of female music creators
UnitedMasters says that the investment will fuel its “mission to enable artists to maintain full ownership over their work while expanding their economic opportunity and introducing them to millions of new fans.” The move also marks another step from Apple into the independent artist space, following its acquisition of prominent artist services, A&R and distribution company Platoon in 2018.
Anyone can claim a digital photo or painting as their own by attaching a token to it, even if they didn’t create it. And while all transactions on the blockchain are recorded publicly in an immutable digital ledger, there is no requirement that people attach their real names or identities to those transactions, which makes it much harder to get recourse if your work is stolen or compromised.
The Pact, a newly formed songwriting group, has called for artists to cease claiming credit on songs that they didn’t author. The debut message that The Pact directed towards the now-standard practice of giving songwriting credit to non-contributing artists (and, in some instances, others who are not involved with the writing process) consists of eight slides, the first of which features text asking: “How does an ARTIST make money?”
