Magroove is an online platform that enables independent musicians to distribute their music to over 40 streaming services, including Spotify and Apple Music, while retaining 100% of their rights and royalties. The platform also utilizes AI technology to recommend tracks to listeners, enhancing music discovery and connecting artists with a broader audience.
Funding
$1.6M 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 face challenges in distributing their music to major streaming platforms while retaining control over their rights and royalties. Traditional distribution models often involve complex contracts and revenue sharing, which can be disadvantageous for artists.
Solution
Magroove offers a platform that enables independent musicians to distribute their music to over 40 streaming services, including Spotify and Apple Music, while retaining 100% of their rights and royalties. The platform charges an annual subscription fee for unlimited distribution, allowing artists to upload as many songs as they want without any hidden costs or commissions. Magroove also provides tools for artists to track their earnings and analyze their performance across different platforms, offering insights into revenue generation and audience engagement. Additionally, the platform incorporates a music recommendation service that utilizes machine learning to connect artists with listeners based on their musical preferences.
Target Audience
The primary target audience consists of independent musicians and labels seeking a cost-effective and rights-preserving solution for distributing their music to major streaming platforms.
Features
- Unlimited music distribution to 40+ streaming services, including Spotify, Apple Music, and Deezer
- Artists retain 100% of their rights and royalties
- Annual subscription fee for unlimited uploads
- Revenue tracking dashboard to monitor earnings across platforms
- Music recommendation service using machine learning to match artists with listeners
- Pre-save link creation to boost playlist placement on streaming platforms
- Direct royalty payouts via wire transfer once a $50 threshold is reached