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Music-Tech Startups Help Indian Indie Artists Go Label-Free

Music-Tech Startups Help Indian Indie Artists Go Label-Free
Indie artists find their label-free groove · financialexpress.com

Music labels used to be the main way for artists to get their songs heard.

Labels often received ownership of the songs in return for helping musicians.

New companies such as Madverse and Damroo offer many of the same services online.

They can put songs on streaming apps, collect royalties and help with promotion.

Artists can use these services while keeping some or all ownership of their master recordings.

This is happening as more Indian musicians create songs outside the film industry.

Madverse says it now works with more than 200,000 artists and labels in over 45 countries.

These platforms make money from subscriptions, royalties and extra services.

Other companies, including TuneCore, DistroKid and CD Baby, offer similar support worldwide.

Key facts

Major platforms served
Spotify, Apple Music, YouTube Music, Amazon Music and other major streaming services
Indian independent creators
More than 40,000 active music creators
Madverse reach
More than 200,000 independent artists and labels across over 45 countries
Ownership model
Madverse says musicians can retain up to 100% ownership of their masters
Revenue sources
Subscriptions, royalty shares, publishing administration, sync licensing, marketing and rights-management services
Non-film music outlook
Its share of Indian streaming is projected to reach 30–40% in coming years
Comparable global companies
TuneCore, DistroKid and CD Baby

Quotes

Rajesh Sethi

Partner and leader for media, entertainment and sports at PwC India

“The rise of music-tech platforms like Madverse and Damroo reflects a shift by which independent artists no longer need a traditional label to reach audiences at scale”
financialexpress.com
“It became obvious to us early on that the tools available to these artists were obsolete”
financialexpress.com

Sources

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