Categories
Music Tech

Amuse.io – Do They Pay Musicians / Artists More Money Than Competitors?

The short answer is = NO.

Amuse claim that they pay artists / musicians more money than their competitors – but this is a completely FALSE claim.

The major record labels and the lead music distributors all have the same revenue share with Spotify, Apple Music and other DSPs. There is NO way that a small distributor such as Amuse would have a higher revenue share than the major record labels!

It’s getting a little bit tired that there are a lot of companies out there making completely false claims knowing they can’t be challenged.

Categories
Business

Amuse Fast Forward Charges Artists 12% Interest on Their “Advances” / Loans

Amuse announced the other day that they were expanding their Fast Forward program – which allows artists to have an advance on their royalties of between $250 and $300,000 (MA).

However, all these “news outlets” forgot to mention that Amuse will be charging artists 12% interest on the loans they provide as advances on their royalties.

12%!

I’m struggling to understand why any artist in the world would consider this a good idea!

This also goes against the artist first idea of Amuse. It’s not artist first in any way!

Categories
Business Tech

Amuse.io Music – Release Financial Figures for 2019 – $9.5m Revenue – $10.9m Loss!

Amuse.io is a new music upstart that has been getting a lot of press of late. Amuse.io has just released their official 2019 financials and it’s very interesting reading.

Revenues = $9.5 million USD

Profit / Loss = $10.9 million USD Loss

Staff = 49 staff

Cash Liquidity = 208%

This basically means that Amuse will need to raise another round of Venture Capital within the remainder of 2020 or start of 2021 to be able to survive.

Source – https://www.merinfo.se/foretag/Amuseio-AB-5590367016/2kgcyso-1hslk