In the music industry, where financial transparency often feels like a mirage, Mogul is emerging as a lifeline for artists seeking clarity in their earned compensation.
Mogul addresses the longstanding problem of financial opacity in the music business by centralizing royalty data across all rights types into a single actionable hub, an effective go-to solution for artists aiming to simplify their finances and capture every cent of their earnings.
According to a press release shared with EDM.com, the platform has now tracked over $100 million in royalties since its debut in early February, a clear sign the company is establishing itself as a promising, transformative force for artists.
“Surpassing $100 million in tracked royalties so quickly is a clear sign that the industry’s opaque and fragmented nature needs to be remedied,” said Mogul CEO Jeff Ponchick. “Artists and their teams receive an ocean of data from each royalty source and have little to no tools at the ready to make sense of how their business is actually working. We’re thrilled Mogul is filling that need for new artists every day so that they can understand their business and generate more income.”
Ponchick has an established track record of success when it comes to developing artist-friendly tech tools. The serial entrepreneur famously founded Repost Network, an artist-facing distribution and promotional tool that was later acquired by SoundCloud in a $15 million deal in 2019.
“I’m excited about what Mogul can do for artists at all levels of the industry,” added Aloe Blacc, an early adopter of the platform and frequent collaborator of the late dance music icon Avicii. “To have a system to synthesize all sources of income in a transparent way is transformative tech we all need.”
You can find out more about Mogul via the company’s official website.