Duetti is a music financing platform that purchases catalog rights from independent musicians, providing upfront cash for their tracks while allowing artists to retain a percentage of their royalties. By leveraging data-driven offers, Duetti enables artists to monetize their music assets efficiently, addressing the financial challenges faced by independent creators.
Funding
$162.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Independent musicians often face financial challenges in funding their careers and may lack access to immediate capital for new projects or marketing efforts. Traditional financing options can be restrictive, requiring artists to relinquish control over their music or future earnings.
Solution
Duetti provides a platform where independent musicians can sell a portion of their catalog rights in exchange for upfront cash, allowing them to fund their careers while retaining a percentage of their royalties. The platform uses data-driven analysis to generate transparent offers for tracks that meet specific criteria, such as being at least two years old and having a minimum of 500,000 streams per year. This approach enables artists to monetize their existing music assets efficiently and maintain creative independence. Duetti also markets the acquired tracks, aiming to increase their value and generate further revenue for both the artist and the platform.
Target Audience
The primary target audience is independent musicians with established catalogs of music tracks generating significant streaming revenue who are seeking immediate capital without relinquishing full ownership of their work.
Features
- Data-driven offers based on track performance and streaming statistics
- Flexible deal structures allowing artists to choose the percentage of rights to sell (up to 50%)
- Upfront cash payments within 30 days of signing the deal
- Marketing and promotion of acquired tracks to increase their value
- Focus on tracks that are 2+ years old with 500K+ streams per year