beatBread just hit the 100 million dollar mark after funding over 1,700 deals with artists and labels spread across 42 countries since 2020. The platform gives advances on catalog music and unreleased stuff, with artists paying back from their streaming revenue on whatever timeline works for them. Tracy Maddux, who recently took over as interim CEO, said the milestone proves that independent musicians need alternatives while the industry keeps threatening their autonomy.
The catalog tied to these deals racked up almost 68 billion streams total, and 13.6 billion came from agreements signed just this year. beatBread already launched another 100 million dollar fund aimed at labels and distributors who want to dodge traditional financing routes.
The catalog tied to these deals racked up almost 68 billion streams total, and 13.6 billion came from agreements signed just this year. beatBread already launched another 100 million dollar fund aimed at labels and distributors who want to dodge traditional financing routes.
