3LAU, A-Trak, Diplo Wager Large On HIFI because the Way forward for Monetary Transparency for Music Creators – EDM.com
The music trade’s A-listers and govt class are betting on HIFI as the way forward for monetary transparency and empowerment within the creator economic system.
HIFI, a platform branded as a “monetary rights group,” is dedicated to delivering a set of data-driven monetary merchandise to creators on a membership foundation. Up to now, the corporate has delivered on the event of a Royalty Dashboard answer that uniquely aggregates royalty earnings information from throughout platforms and accounts multi function location.
Monetary empowerment and transparency are two core rules for HIFI because it goals to make clear a component of the trade that—in some methods—has remained opaque by design. Now, the corporate, which launched in 2020, has closed an eight-figure funding spherical to proceed launching a forthcoming suite of merchandise.
Music Business Worldwide experiences A-Trak, 3LAU, Diplo and Hayden James are just some of the artists who participated within the spherical. They’re joined by a spate of trade magnates, label executives, artist managers and titans of the streaming house, together with professionals from Capitol Music Group, Spotify, Pink Gentle Administration, TMWRK and extra.
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“The help we’re receiving from artists and their allies is really unprecedented and indicative of how vital our mission delivering monetary transparency and independence to creators throughout the music trade is,” Damian Manning, CEO of HIFI, states. “This strategic capital will speed up the growth of HIFI’s monetary infrastructure and applied sciences, furthering our dedication to empowering creators with vital enterprise perception and enhanced liquidity to gasoline their careers.”