Songbook enables fans to invest in songs
by Startacus Admin
Songbook enables fans to invest in songs and earn royalty income with their unique music focused crowdfunding platform. Sounds good, so we took a look...
Music makers certainly can’t all rely on big producers handing them piles of money to put out their next album. Many artists have to fund their music from their own pocket, and no matter how much of that full orchestral accompaniment they cut out, any music making costs money. Even after they have recorded and produced their EP or album and are holding it in their hands, the work and expense isn’t over with. Next, they have to get it to the fans. 
So what if they had a little help with that, and what if those fans were able to be a part of that help?
Crowdfunding is nothing new, but London-based startup Songbook is a unique new platform specifically built for this.
Artists raising funds through Songbook keep up to 90% of revenue, and are removed them from the fundraising process. This means that Songbook’s staff themselves, music journalists, write the campaign content and the physical rewards or incentives are removed from the equation. This levels the playing field so that the artist’s music speaks for itself and fundraising is based purely on that. An added bonus is that Songbook has the connections to potentially find placement for 
your music in adverts, film, TV, and games, further increasing your reach.
Songbook are aiming to disrupt the way things are typically done, much like other music tech startups we've featured, like Dublin startup Andrson a platform to help musicians thrive and for A&R to be reimagined and The Rattle, a music industry focused co-working business.
Fans who invest through the platform earn a percentage of the song’s rights revenue for up to 25 years, so not only can they help an artist they love to create more music, they can make back some money from it in the process. This comes from the likes of streaming, downloads, TV, film, games, adverts, radio, and more. The minimum investment in any one campaign is £10, with no upper limit.
Songbook launched with a partnership with the likes of Abbey Road, Believe Digital, Hoxton Vinyl, Absolute Label Services, and other big industry names. Songbook’s chairman is music industry bigwig Keith Harris, who is known for his work with Diana Ross, Stevie Wonder, and Marvin Gaye.
With names like already on board and such a promising, rewarding model, we thing Songbook is going to make a lot of noise!
Talking of crowdfunding, join our collaborative webinar with Seedrs on 15th March 2019 and hear from Seedrs about the key benefits of raising capital through equity crowdfunding.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Here are some tips, courtesy of accountancy experts Howlader&Co, on how to generate substantial profits by maximising productivity in your startup.
The Manchester based startup that is on a mission to transform the energy system...
.png)
Developing Experts empower teachers and parents to teach science with confidence and ease, with an ever-growing library of interactive, online science lessons.
Startups focused on Connected Digital Mobility, including connected vehicles, autonomous travel, smart cities, future transport services, take note!
The online marketplace where you can buy goods directly from independent retailers all in one place.
With the aim of reaching 1 million classrooms and kitchen tables by 2021, EdTech startup Makematic have raised £1m to help brands connect with education through bitesize content.
AI: Artificial Intelligence, currently the buzzwords about town betwixt the tech-savvy among us. So will robots become part of the family as our pets have?
The startup that has created a biologically active food expiry label to help combat food waste...
The startup that is "saving and improving human lives with artificial intelligence analytics for healthcare".
KeepAppy, is a personal wellness app, designed to empower users to take control of their mental and physical wellbeing, and enable people to track all of the vitals that most impact an individual’s wellbeing.
Published on: 25th February 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IlluminationLAB to power energy focused startup innovation 5th Mar 2019 American Electric Power (AEP) has launched IlluminationLAB which will include a bootcamp, energy summit & 10-week proof of concept program to co-create innovative energy products and services.
- Startup World cup returns to Belfast for 2019 27th Feb 2019 The Startup World cup returns to Belfast for 2019 with the NI regionals held on 25 March and once again delivered by Belfast Global Shapers.
- Rolls Royce seek data driven tech solutions 27th Feb 2019 Business intelligence, AI and machine learning focused tech startups, take note! Rolls Royce are currently seeking a data driven tech proof-of-concept solution.
- Travel startup NAVA wins Travel Technology Europe Disrupt Award 2019 22nd Feb 2019 London-based disruptive tourism and travel startup NAVA, has been named the winner of the 2019 Travel Technology Europe Disrupt Award.
