Duetti’s Music Economics Report Finds Virality Rarely Translates Into Long-term Financial Value for Independent Artists
Duetti Inc. (“Duetti” or the “Company”), the music company enabling independent artists1 and writers to monetize their catalogs, today released its annual Music Economics Report, focusing on the core drivers of long-term financial value and durability for independent artists and their catalogs.
Duetti Secures $200 Million to Scale Independent Music Catalog Acquisitions and Enhance Platform Capabilities
Duetti Inc. (“Duetti” or the “Company”), the music-tech and financial services company that empowers independent music creators to unlock the value of their music catalogs, today announces it has secured $200 million in new funding to accelerate music catalog acquisitions and expand its technology and services globally. The financing is led by a $50 million Series C equity investment by Raine Partners, the flagship growth equity fund of The Raine Group, alongside a second $125 million private securitization and a $25 million increase of an existing credit facility.
