Draft:BeatBread
| Submission declined on 22 April 2025 by BuySomeApples (talk). This submission does not appear to be written in the formal tone expected of an encyclopedia article. Entries should be written from a neutral point of view, and should refer to a range of independent, reliable, published sources. Please rewrite your submission in a more encyclopedic format. Please make sure to avoid peacock terms that promote the subject.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
| Submission declined on 2 April 2025 by Sophisticatedevening (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by Sophisticatedevening 2 months ago. | |
.
beatBread is a music funding platform that provides financial advances to independent artists, songwriters, and record labels. Founded in 2020, the company uses artificial intelligence and data analytics to assess streaming and revenue potential, offering flexible financing options without requiring artists to give up ownership of their work.[1]
History
[edit]beatBread was founded in 2020 by Peter Sinclair and John Haller[2], with the goal of offering financial advances to artists while allowing them to retain control over their music rights. The platform provides funding ranging from $1,000 to $10 million, which is repaid through a portion of an artist’s streaming and royalty income over a set period.[3] This initiative was developed to address the demand from independent artists for alternative funding solutions.[4]
In 2024, beatBread launched a deal comparison tool, allowing artists to compare funding offers from multiple sources, including labels and investors, before making financial decisions.[5]
Industry Impact
[edit]As part of a broader trend, beatBread is one of several companies offering new ways for artists to secure funding, alongside venture-backed investors and music technology firms.[6] The company has provided funding to nearly 1,500 artists and labels worldwide, with access to hundreds of millions of dollars in financing.[5]
Several emerging and established artists have utilized beatBread’s services as an alternative to traditional label deals. One notable example is singer-songwriter Elley Duhé, who gained recognition for her song Middle of the Night, which went viral on TikTok and saw a resurgence in popularity through streaming platforms. Duhé leveraged beatBread’s financing model to maintain creative independence while securing funding to support her career growth.[7]
References
[edit]- ^ Millman, Ethan (2021-08-18). "UnitedMasters' Latest Selling Point: Cash Advances and Paying Artists On Time". Rolling Stone. Retrieved 2025-04-02.
- ^ Abrego, Bianca Chan, Michelle. "15 AI-powered fintechs to watch in 2025". Business Insider. Retrieved 2025-04-02.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Robinson, Kristin (2021-10-25). "A New Crop Of Funders Are Helping Indie Artists Take Off On Their Own Terms". Billboard. Retrieved 2025-04-02.
- ^ Steele, Anne. "Who Needs a Record Label? VC-Like Investments Power New Music Artists". WSJ. Retrieved 2025-04-02.
- ^ a b "After paying out nearly 1,500 advances of between $1,000 and $10m+ to date, and with access to 'hundreds of millions of dollars' in funding, beatBread launches Deal Comparison Tool for indie artists and labels". Music Business Worldwide. 2025-02-20. Retrieved 2025-04-02.
- ^ Eggertsen, Chris (2022-06-09). "The Deals: Aespa Partners With Warner Records; Elley Duhe Nabs 'Seven-Figure' Advance". Billboard. Retrieved 2025-04-02.
- ^ Wass, Mike (2022-07-14). "Viral Revivals: From Kate Bush to Tom Odell, Inside the Business of Oldies as New Hit Songs". Variety. Retrieved 2025-04-02.