The new debt from Viola Credit and another bank will go to finance acquisitions and provide catalog management and marketing services
Analyzing global royalty and streaming data, the financing company says Amazon Music paid the most at $8.80 per 1,000 streams.
The fintech platform provides indie artists financing in exchange for stakes in their masters, and it's the latest to capitalize on a flood of private equity funding.
"We’re not some financial firm that sits back and is waiting for the income to come in, we’re very active in management," says co-founder Lior Tibon.
Lior Tibon and Christopher Nolte's new venture will provide funding in exchange for catalogs, individual tracks or parts of tracks.
