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HIFI, the financial rights organization for the music industry, has announced that it’s opening up applications to join its membership community. HIFI is an independent collective of creators and supporting parties dedicated to artist-centric financial innovation and transparency. Beyond its advocacy, HIFI builds and provides its members with innovative business and financial management products designed to serve the needs of music professionals throughout their careers.
“While the music industry has evolved dramatically over the past two decades, the financial solutions available to artists and their teams are historical relics by comparison,” said Damian Manning, Founder and CEO of HIFI. “We represent a new kind of artist organization, one that is focused on protecting the financial rights of its members. And rather than compete with other music organizations, we’re building innovative products and services that work in concert with them to financially empower the creator class.”
Read more at Music Business Worldwide.
“HIFI puts my financial needs as an artist front and center. Their dashboard lets me see all my earnings in one place, which gives me a real advantage in my conversations with labels and publishers. And their support and advocacy will help me and other artists own and control our rights for the long-term.”
– Jonathan Dagan aka J.Views
“There’s never been a more important time for HIFI. They offer much needed transparency and access to royalties data across a multitude of revenue streams, and their financial services are thoughtfully designed to help effectively manage an artist’s career.”
– Max Gredinger, Artist Manager at Foundations Music
“My partners and I are thrilled to see HIFI helping artists better understand their finances. The transparency and innovation they bring to the table is ushering in the future of the music business.”
– Justin Kobay, Partner at LL Business Management
HIFI is backed by Matt Pincus via his new investment vehicle MUSIC, a joint venture with LionTree. Pincus was formerly the Founder and CEO of SONGS Music Publishing which was acquired in 2017 by Kobalt.
Advisors to HIFI include forward-thinking industry leaders, among them Platoon’s Denzyl Feigelson, Splice’s Steve Martocci, and Will Page, formerly Chief Economist at both Spotify and PRS for Music.
For more information, visit hi.fi and follow HIFI on Instagram, Twitter, Facebook and LinkedIn.
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