@MeekMill We share a mutual feeling. We enjoy collaborating with an artist who is well-versed in their business and can work seamlessly with us to bring your vision to life.
Many people (myself included) compare major record labels to banks. While there are a number of similarities, there are also some big differences (I.e. not so easy to take cash out consistently against your music deposits). Here’s a great summary of how banks actually work 👇
Every business has a core function. Some businesses make athletic shoes while others make wide screen televisions.
What’s become clear over the past week is that many people don’t understand what Banks actually do.
A simplified explanation if you're interested:🧵👇
🚨New pod alert🚨
@stem CEO Milana Lewis (@milana) joins @billcilluffo to discuss the role music played in her life, how #fintech can help artists get paid and why she wanted to put her CTO in a bear costume.
Apple:
https://t.co/OQup3UUqR9
Spotify: https://t.co/Coc6I1b0Nl
Opening panel at #upfrontsummit and @tmorello with some incredible insights, guy worked his f****n tail off to get to where he is. Everyone can learn something from his mindset
I got annoyed at the circular conversation and finger pointing about platforms taking too high of fees so I wrote about what it means for music since much of the twatter has been about the App Store:
@KatoProducer Dm me, would love to know which label this is. Sounds like our new royalty platform for labels @stem can help prevent this and help them streamline their process.
@AmandaRomeWest@billboard@DistroKid Distrokid is great but it doesn’t handle your royalties from other labels or distributors, this new product from Stem does.
15/15 Empower your artists. Empower your finance team. Make music fairer with Stem’s royalty services platform.
Read more about what we’re building:
https://t.co/4EgjJVY7tf
From day 1, Stem’s mission has been to ensure clear & timely payments for everyone in the music biz. Most people have heard their favorite artists complain about royalties, but you probably don’t know just how bad it is.
Here’s what’s going on🧵(1/15):
14/15 Artists are smart. You can’t treat them like mushrooms—feed them shit and keep them in the dark. When they can clearly see the status of their business and their income, will they want to do business with labels that keep that data hidden?