NEW YORK--(BUSINESS WIRE)--Splice, the music creation and collaboration platform, has announced $5mm in payouts to music creators who distribute sounds through the company’s sample library, Splice Sounds.
Since its launch in 2013, Splice has not only armed its global community of over 1mm users with a portfolio of tools, but has also brought them new revenue channels allowing them to monetize outside of music’s traditional products like streaming, licensing, and ticket sales. To date, Splice has seen a 324% year-over-year increase in payout to artists. Additionally, Splice Sounds, a library of over 2 million royalty-free samples that launched over two years ago, has given today’s artists the ability to distribute and monetize their signature sounds in a way not previously available to them.
“Our mission is simple: to help musicians maximize their potential,” said Steve Martocci, CEO and cofounder of Splice. “Our vision is big: to transform the way musicians create and collaborate, to foster a culture of openness in music, and to uncover new revenue streams for artists through artist-to-artist marketplaces."
Today, royalty-free sounds from Splice’s sample library can be heard all over the radio, with Grammy Award-winning and Platinum Record-producing musicians regularly using Splice Sounds to create hit songs.
“Splice is a real game changer and a treasure trove of inspiration for me. It’s one of the first things I reach for when I’m creating,” said Oak Felder, a Grammy Award-winning songwriter and producer whose discography includes Ariana Grande, Miguel, Alessia Cara, Rihanna and Kehlani. Felder relied on Splice Sounds to produce Demi Lovato’s “Sorry Not Sorry,” a #1 hit song on the Billboard Hot 100.
Additionally, the company has raised $35 million in Series B funding led by DFJ Growth, with participation from returning investors True Ventures, Union Square Ventures and Flybridge. Splice will use the new round of funding to grow its team, improve its core suite of creator tools and gear offerings, and better integrate into musicians’ creative process.
“Splice is leading a transformation in the way people make music,” said DFJ’s Randy Glein, whose decades of operating and investing experience in media includes work with innovators like DIRECTV, FeedBurner, Twitter, Tumblr and XM Radio. “We realize the impact Splice has on the music industry, and with the funding, we are accelerating their vision to enhancing their platform for today’s music creators.”
In the past two years, Splice has forged partnerships with music software heavyweights like iZotope, Circle2 and Xfer Records, offering their products via Splice’s popular Rent-to-Own model, which democratizes access to professional plugins through an affordable payment plan.
Splice is a music creation and collaboration platform that connects modern musicians to world class music production tools, creative assets and a growing global community of over 1 million musicians and artists. The platform seamlessly integrates the digital production process to one user-friendly interface that improves the creative workflow of modern musicians. Today, Splice’s global network of artists uses Splice to find inspiration and education, foster and strengthen collaborations, discover new music creation tools and earn revenue. Splice was founded in 2013 by Steve Martocci and Matt Aimonetti with a mission to help create a world where creators of all levels are making music in the music industry, and have the ability to reach their highest potential. To learn more about Splice, please visit: https://splice.com.