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Decorated 22 Year Old CEO Nick Cianfaglione Seeks to Disrupt the Music Industry With Talent-Controlled Online Platform ‘Artist Republik’
October 6, 2020 - Industry disruptor Artist Republik broke the mold this year with its debut of a new indie music business marketplace valued at over $5M and counting. Its simple yet pioneering tech-driven premise caught the eyes of major industry players like independent rapper Hopsin as well as 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. CEO and Founder of Artist Republik Nick Cianfaglione chose to introduce the new commerce platform to return career control and expenses back to the artist.
The Artist Republik platform is an industry first; it widens the opportunity funnel by enabling self-represented music talent and industry stakeholders to sidestep controlling agents, gatekeepers and management when it is not necessary. Its value proposition for the burgeoning $2B global indie music industry (Raine Group Forecast, Rolling Stone, March 16,2020) transforms how performers, musicians, technicians, producers and venues support vendors by creating direct business connections, spending less on marketing, and by retaining more revenue. "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." According to Cianfaglione, his company's beta enrollment of 30,000 users worldwide is proof that music self-distributors and boutique music labels were missing a dedicated marketplace hub.
Nick Cianfaglione has proven himself to be one of the most innovative young entrepreneurs in the industry. Being an early adopter of the entrepreneurship mentality, Nick launched several small entrepreneurial ventures throughout middle school and high school. After the loss of his father, he was introduced to the inner workings of the music industry while initiating a charity concert series to raise money for cancer. The series entitled ‘Club For Cancer’ was the catalyst to his prior firm Northeastern Entertainment Solutions, which hosted local, regional and national artists in over fifty different venues across the country. As a student of Rhode Island’s Bryant University, Nick found success in college by launching NES360, a leading fan base growth and marketing company. His experience with NES360 introduced him to working with over 500 clients worldwide; interviews with these artists brought the problematic workings of the music industry to light. As a solution, he launched Artist Republik in 2018 and has assured a series of big developments for the company in 2020 and beyond.
Nick’s 7+ years of entertainment industry experience brings a diversified perspective to the table which includes artist management, event management, marketing, cyber security and legal compliance. A recent student of Rhode Island’s Bryant University, Nick’s commitments to Artist Republik have paved the way for an innovative future that he understands the industry needs now more than ever before.
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
· fanbase 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.
