Mogul Surpasses $100 Million in Tracked Royalties

09 May 2024 - Press release

 

Mogul, the music industry's newest top layer for tracking your royalties across all rights types, has surpassed $100 million in tracked royalties across all the artists signed up for the service. This remarkable milestone is a testament to Mogul's commitment to helping artists and their teams understand their business through the centralization of many different royalty sources into an actionable hub.

Launched publicly in the beginning of February, Mogul (usemogul.com) has swiftly emerged as the go-to platform for artists seeking to simplify their finances and ensure they receive every penny they earn. This achievement underscores Mogul's rapid growth, solidifying its position as a transformative force in artist finance, for emerging and mid-tier artists as well as household names.

"We are thrilled to reach this incredible milestone in just three months of launching," said Jeff Ponchick, CEO of Mogul. "Surpassing $100 million in tracked royalties so quickly is a clear sign that the industry's opaque and fragmented nature needs to be remedied. Artists and their teams receive an ocean of data from each royalty source and have little to no tools at the ready to make sense of how their business is actually working. We're thrilled Mogul is filling that need for new artists every day so that they can understand their business and generate more income."

Singer-songwriter Aloe Blacc, one of Mogul's most visible early adopters, has seen firsthand the transformative impact of Mogul's services. Blacc commented, "I'm excited about what Mogul can do for artists at all levels of the industry. To have a system to synthesize all sources of income in a transparent way is transformative tech we all need."

One of Mogul’s more powerful features is its ability to value an artist’s sound recording and/or publishing catalog. To advance these features, Mogul has entered into partnerships with beatBread/Chordcash to help musicians receive advances or inquire as to selling their catalogs. 

“We are very excited to partner with Mogul, not only because of the platform’s innovative technology, but because our companies share a vision of artist empowerment.  We look forward to providing flexible funding to artists on the Mogul platform, no matter which distribution, publishing or marketing partners they choose,” said Peter Sinclair, CEO of beatBread.

With this milestone, Mogul solidifies its position as a leader in artist finance, setting new standards for transparency, efficiency, and empowerment. As the company continues to expand its reach and impact, it remains dedicated to providing artists with the tools and resources they need to thrive in an ever-evolving music industry.