Draft:BeatBread
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BeatBread is a music funding platform that offers financial advances to independent musicians, labels, and distributors.
The platform utilizes an algorithm to forecast an artist's future streaming income from both existing and unreleased music. beatBread's algorithm calculates the funding it can offer, based upon an undisclosed range of data, and tailored to the artist’s customized deal terms. Notably, artists retain ownership of their recordings, publishing rights, income from live performances, merchandise, and synchronization rights.
The business is headquartered in Utah with offices in London, Los Angeles, Miami, and New York.
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