UnitedMasters Now Offers $ 1 Million Advances to Independent Artists, Plus Real-Time Streaming Royalty Payments


UnitedMasters has announced two revolutionary new financial tools for independent artists, thanks to partnerships the firm has established with a duo of music technology companies that can be a game changer.

The first tool, launched in partnership with beat bread, allows UnitedMasters to offer qualifying artists advances ranging from $ 1,000 to $ 1 million.

Utah-based beatBread’s ChordCash technology engine assesses artists’ streaming data and social data to generate advance offers that, when combined with a “streamlined” verification and documentation process, lead to advance funding reaches artists’ bank accounts in a matter of days.

“The beatBread team has a shared vision with UnitedMasters. Our mission is to empower independent musicians by expanding access to capital in a way that does not sacrifice ownership or choice of artist, ”said Peter Sinclair, CEO of beatBread. “We are excited to partner with this forward-thinking team to advance the cause of independence in the new music industry.”

UnitedMasters isn’t the only music distribution / services company to partner with beatBread – companies like Symphonic Distribution, Horus music and Indie Amplify have also recently signed deals with the company.

“The beatBread team has a shared vision with UnitedMasters. Our mission is to empower independent musicians by expanding access to capital in a way that does not sacrifice ownership or artist choice. “

Peter Sinclair, beatBread

Where does beatBread get the money to advance cash to artists? Investors looking for profitability.

BeatBread website encourages accredited investors giving the company money to invest in artists, while suggesting that this model offers “high growth with high potential return” for funders.

BeatBread assures investors that their “data science team has hundreds, sometimes tens of thousands of data points on every artist we fund.”

Sinclair confirmed in a medium post when beatBread launched in late 2020: “Some artists can qualify for previews equal to 8 times their annual income, some less, some more.”

The second of the most important new finance-related partnerships for UnitedMasters is with Paperchain.

Founded by Australian Daniel Dewar, Paperchain uses algorithms to predict an artist’s royalty earnings based on their latest streaming data.

Then you pay this money to act in real time, through the digital wallet and the Paperchain card. (Paperchain is not itself a bank, but partners with Evolve Bank & Trust and Stripe Payments to provide its services.)

“UnitedMasters is an ideal partner who shares our vision of making streaming revenue instantly accessible and joins us in setting the expectation that creators shouldn’t have to wait to get paid.”

Daniel Dewar, Paper Chain

Daniel Dewar, CEO and Founder of Paperchain, said: “We are excited and honored to announce the collaboration between Paperchain and UnitedMasters to launch instant payments for independent creators.

“UnitedMasters is an ideal partner who shares our vision of making streaming revenue instantly accessible and joins us in setting the expectation that creators shouldn’t have to wait to get paid.”


BeatBread and Paperchain join SplitPay, the financial tool developed by UnitedMasters, which allows the platform to subscribing “select” artists to share your earnings with collaborators and team members, and figure out who should get what.

Steve Stoute, CEO and Founder of UnitedMasters, said: “One of the biggest obstacles for independent artists is access to funding and financial tools. UnitedMasters is the number one destination for creators to earn a living and build a career while remaining independent, and providing financial solutions for these artists is just another step in leveling the playing field.

“UnitedMasters is the number one destination for creators to earn a living and build a career while remaining independent, and providing financial solutions for these artists is just another step in leveling the playing field.”

Steve Stoute, UnitedMasters

“With these pioneering products and partnerships with beatBread and Paperchain, we are democratizing access to capital and will continue to aggressively invest in building a market that unleashes an economic model for 99% of artists.”

Utah-based BeatBread advisors include Philip Wild, artist-side music attorney and former EMI Senior Vice President of Business Affairs, Colin Finkelstein, former COO of EMI North America and CEO of music management firm COFINK, and Vibs Abhishek, former chief data scientist at Sequoia Capital.

Since its launch in November 2020, beatBread has funded more than 100 artists of various genres.

From the paper chain website reveals that its investors include Sony Music‘s The orchard, in addition to Goldman sachs, Unified Music Group and Living nation.


In March, UnitedMasters announced the increase of a financing round of 50 million dollars, directed by Apple and with additional funding from Alphabet and Andreessen Horowitz.

The news marked another significant financial milestone for New York-based UnitedMasters, following the company $ 70 million funding round led by Google / Alphabet in 2017.Music business around the world



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