VerseOne Distribution adopts AI driven technology to provide royalty advances to artists
In an exciting move to support and empower independent artists, VerseOne Distribution is thrilled to announce its strategic partnership with ChordCash, a leading platform for providing royalty advances to musicians.
AI is used to scan all streaming platforms, using multiple data-points an estimate of an artists potential revenue is determined, the result is subsequently used to calculate the value of the artists catalog.
Advances offered through this partnership ranges from $1,000 to as much as $1 million per artist depending on contract duration, catalog size, and number of new releases. This presents a unique opportunity because these advances do not include publishing, touring, merch or other non-digital earnings.
This collaboration between VerseOne Distribution and ChordCash aims to empower independent artists by offering artists a seamless way to access their future earnings today. With VerseOne's extensive distribution network and ChordCash's innovative royalty advance platform, artists now have a powerful solution to bridge financial gaps, invest in their careers, and focus on creating exceptional music.
"At VerseOne, our commitment has always been to empower artists and enhance their careers through globalization of music. This partnership with ChordCash aligns perfectly with our mission, offering artists a flexible and accessible financial solution to support their creative endeavors." said Polycarp Asuquo, Founder at VerseOne Distribution.
ChordCash's platform enables artists to receive advances on their anticipated royalty earnings, providing them with financial flexibility without compromising their rights or ownership. Through VerseOne Distribution's extensive reach and ChordCash's cutting-edge technology, this partnership aims to democratize access to funding for artists at all stages of their careers.
“chordCash’s partnership with VerseOne is another step forward in our mission to empower independent musicians across the globe. We believe that artists should have access to funding without having to give up ownership of their music or control of their careers, and are honored to work with partners such as VerseOne to provide modern tools to improve transparency and efficiency, and to keep power where it belongs - with the artist." said Eric Palumbo - Head of Partner Activation & Growth Marketing at ChordCash.
Key benefits of the VerseOne Distribution and ChordCash partnership
Seamless Integration: Artists using VerseOne Distribution can seamlessly connect to ChordCash's platform, streamlining the process of applying for and receiving royalty advances.
Financial Empowerment: The partnership empowers artists to take control of their finances, providing them with the flexibility to invest in new projects, equipment, or promotional activities.
Transparent and Fair Terms: ChordCash is committed to fair and transparent terms, ensuring that artists retain control of their creative work while accessing the funding they need.
Global Reach: With VerseOne Distribution's global distribution network, artists from around the world can benefit from ChordCash's royalty advance platform.
This strategic partnership between VerseOne Distribution and ChordCash is poised to make a significant impact on the independent music scene, offering artists a unique avenue to support their creative endeavors. As both companies continue to innovate and empower artists, the future of the music industry looks brighter than ever.
To learn more about VerseOne Distribution services, click here https://verseone.net/distribution
About ChordCash
ChordCash is a cutting-edge platform that provides royalty advances to musicians, allowing them to access their future earnings today. With a focus on transparency, fairness, and empowering artists, ChordCash is reshaping the way musicians fund their creative projects while maintaining ownership and control over their work.
About VerseOne Distribution
VerseOne Distribution is a leading music distribution platform that empowers independent artists to share their music with a global audience. With a commitment to providing artists with the tools and resources they need to succeed, VerseOne Distribution offers a range of services, including digital distribution, marketing support, and artist-friendly revenue models.
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