a 2 i m

Member Spotlight: Paperchain

A2IM Associate Member Spotlight: Paperchain

Paperchain, the fastest way for creators to access their digital streaming revenue, is now offering advances for independent artists, labels, and distributors. Using Paperchain’s new on demand payments platform, digital media creators and owners can now access their streaming revenues from Spotify, Apple, and YouTube as regularly as every two weeks, accelerating payments from these services by two months in most cases.

With Paperchain’s unique data-backed, short-term advances, rights holders are now able to access their forthcoming revenue almost immediately at a cost of 1% per month, a significant reduction in the cost of capital for the independent music and media industry.

Paperchain expedited the launch of its revenue advancing product in response to the devastating impact COVID-19 has had on important revenue sources for labels and artists, and with increased demand from its users for access to their streaming income. Paperchain is answering this need by removing the pay cycle delay that occurs with traditional music payments and as an alternative to traditional funding models at a time when the industry needs it most.

The Techstars-backed company officially launched its revenue advancing product with multiple independent record labels, including Kartel Music Group, Zndrke and NuWorld Music Group, among others. To date, Paperchain has paid out nearly $160,000 in streaming revenue to its users.

Paperchain’s offering is currently open to record labels and artist/creator teams with direct deals to streaming services or through Merlin, as well as direct YouTube influencers and creators. Those working with distributors should request their distributor to integrate with Paperchain. Sign up at paperchain.io. Full announcement here.

About A2IM:
A2IM is a 501(c)(6) not-for-profit trade organization headquartered in New York City that exists to support and strengthen the independent recorded music sector. Membership currently includes a broad coalition of more than 700 Independently-owned American music labels. A2IM represents these independently owned small and medium-sized enterprises’ (SMEs) interests in the marketplace, in the media, on Capitol Hill, and as part of the global music community. In doing so, it supports a key segment of America’s creative class that represents America’s diverse musical cultural heritage. Billboard Magazine identified the Independent music label sector as 37.32 percent of the music industry’s U.S. recorded music sales market in 2016 based on copyright ownership, making Independent labels collectively the largest music industry sector.

Learn more about A2IM here.
For information about how to join our community, see here.