News Stem, having paid out $100m in royalties to date, secures $10m in new financingCompany has added Coach K, Mark Gillespie, Red Light managers and others as new investors
Interviews Why $12m-backed Stem dumped DIY distribution – and why its founder worries about the music industry ‘making aggressive bets and being wrong’Milana Rabkin Lewis joins MBW's podcast to talk distribution, A&R and stream fraud
News Stem now has $100m of advances to offer independent artists and labels, as it challenges ‘heartbreaking’ record deals"It’s heartbreaking to witness people take money without clearly seeing the amount they have to pay back, how long it will take, or how much ownership they are giving up."
News After pivot away from DIY distribution, Stem welcomes ex-Venmo COO Mike Vaughan to Board of DirectorsFintech expert will "provide industry insights and connections that will propel Stem's artist and label offerings"
News Having raised $12.5m to date, Stem quits DIY distribution, increases its fees and focuses on ‘top performing artists’Firm launches 'Stem Direct' which it says will super-serve VIP artists
News Financial platform Stem, which counts Frank Ocean and Childish Gambino as clients, raises $8mTotal money raised so far by royalties software tops $12.5m