Steve Stoute, entrepreneur, philanthropist, and President and Founder of music tech company UnitedMasters, discusses the new platform and how it seeks to disrupt the record label business. Stoute digs into how the company works, noting that the ultimate goal is to allow artists to keep rights to their music, while still being able to reach fans in intimate ways through today's digital landscape. With UnitedMasters, artists will pay the company to distribute their music across platforms like Spotify, Youtube, and SoundCloud. The company splits royalties with the artist, while the artist retains the rights to the master recordings. Stoute also discusses the state of the media industry today as women continue to speak out against sexual assault and harassment. Stoute talks the importance of this change in culture around women and people of color and why minorities have been, and will continue to be, important to business. UnitedMasters recently raised $70 million in funding, led by Google, 20th Century Fox, and venture capital firm Andreessen Horowitz.

Share:
More In Culture
Thanksgiving Manners and Etiquette
Thanksgiving is all about spending time with family and friends, but it also comes with social obligations. Dr. Sheree Sekou, principal consultant at Sheree Sekou Consulting, joined Cheddar News to discuss how to navigate holiday etiquette and answered questions from Cheddar News staff.
Actress Garcelle Beauvais, W.K. Kellogg Foundation Partner for Haiti's Pockets of Hope Campaign
November is when Haiti commemorates becoming the first independent Black republic in the world. And 120 years later, the country's development continues. Haitian-American actress and humanitarian Garcelle Beauvais and Alex Cantave, senior program officer for Haiti at the W.K. Kellogg Foundation spoke with Cheddar News about their partnership to help the country's Pockets of Hope campaign, which looks to generate $90 million for education, health, and economic development initiatives in Haiti over the next three years.
Load More