Popular Rapper ‘Hopsin’ Joins Board of Advisors For New Music Disruptor & Talent-Controlled Business Platform ‘Artist Republik’
PROVIDENCE (August 3, 2020) - Artist Republik's debut of a new indie music business online marketplace has net $540K investment capital to develop its simple but pioneering tech-driven premise: a new commerce platform that returns career control and expenses back to the artist.
In an industry first, Artist Republik widens the opportunity funnel by enabling self-represented music talent and industry stakeholders to sidestep controlling agents and gatekeepers. (in addition to their) Board of Directors, Artist Republik introduces a Board of Advisors comprised of professionals in music, marketing, branding, finance and more to guide the market-specific operations of the company. While also contributing to the most recent round of investments, popular rapper Hopsin will join the Board of Advisors in order to help propel the company in an artist-friendly direction. Also having been brought on board for market penetration, Hopsin’s very successful career as an independent artist offers Artist Republik a perspective that aligns with their overall mission. Hopsin’s industry experience will undoubtedly prove useful to the growth of this company. Artist Republik is a platform built by artists, for artists and it’s likely that Hopsin won’t be the final prominent musician to hop on board.
Top investors David Beirne (a founding general partner of Benchmark Capital, known for lead stakes in eBay, Twitter, Instagram, OpenTable and Juniper Networks) and respected pro-sports and Hollywood wealth advisor Humble Lukanga, are betting that Artist Republik's proprietary social networking and career management platform is the new gateway that will democratize independent music booking, global collaborations and revenue opportunities. They have been joined by Bob Brown, of Capital Markets of York IE (former president of Fidelity's Bond Division and Ron Machtley, newly retired president of Bryant University.
Artist Republik's value proposition for the burgeoning $2B global indie music industry (Raine Group Forecast, Rolling Stone, March 16,2020) transforms how performers, musicians, technicians, producers, venues and support vendors create direct business connections, spend less on marketing, and retain revenue. According to Founder and CEO Nick Cianfaglione, his company's beta enrollment of 15,000 users worldwide is proof that music self-distributors and boutique music labels were missing a dedicated marketplace hub.
"The indie music industry needed its own 'LinkedIn meets ASCAP' social community to affordably bring talent together to make deals." explains Cianfaglione, "Artist Republik accelerates this business building by dismantling industry conventions that bottlenecked careers."
Artist Republik is free to join, after which members access what they want from a bespoke 'Show Tool' services menu that supports end-to-end performance marketing on a pay-per-use basis, including:
· low-cost ticketing sales hosting
· show booking/management system
· venues and festivals
· merchandising
· contract negotiations
· IP protections
· fan base development
· musicians and producers
· graphics, websites and videography
· direct DSP distribution (one-time $5 fee/single)
These business functions are essential to distinguish talent across mature and emerging music genres. Artist Republik's members retain 100% of their revenue without hidden fees buried in lengthy contracts.
In the era of indie phenoms like Billie Eilish and with Spotify closing in on 300M users (Statista, March 2020), Artist Republik offers a timely disruption investment opportunity directed to this white-hot growth industry. The business's monetization is derived from a combination of subscriptions, transaction fees and advertising.
ABOUT ARTIST REPUBLIK:
Website: https://artistrepublik.com/welcome
Founder: Nick Cianfaglione