Duetti Secures $200M in Funding to Revolutionize Royalty and Publishing Deals for Independent Music Creators
Duetti, a leading music FinTech platform, has successfully raised $200 million in new debt funding aimed at enhancing its financial services for independent music creators. This significant investment will enable Duetti to broaden its offerings, particularly in the realm of royalty and publishing catalog deals for artists, songwriters, and producers.
Expansion of Financial Services for Independent Artists
The newly secured funding consists of two separate credit facilities:
- A $150 million facility led by Truist Securities Inc., with participation from Truist Bank, City National Bank, and Regions Bank as joint lead arrangers.
- An additional $50 million side facility provided by Viola Credit.
With this funding, Duetti is set to launch innovative services designed to help independent creators unlock the value of their music. This includes options for royalty and publishing cash deals, providing artists with greater flexibility and support to monetize their creative works.
Benefits of Duetti’s Services
Duetti’s platform allows independent musicians to:
- Access upfront capital by selling portions of their catalog or specific tracks.
- Utilize straightforward cash deals without complex long-term commitments.
- Receive comprehensive catalog management and marketing support.
One of the standout features of Duetti’s offerings is its transparent approach, giving artists the power to choose which rights to sell and how much to sell them for. This flexibility is particularly beneficial for creators earning at least $2,000 annually from their music rights.
Comprehensive Marketing and Promotional Support
Beyond financing, Duetti provides a suite of promotional services, including:
- Playlisting
- Sync licensing
- Targeted advertising
- Media coverage
- Fan engagement campaigns
This holistic approach positions Duetti as not only a financial partner but also a strategic ally for independent artists navigating the ever-changing music industry landscape.
CEO Insights and Artist Testimonials
Duetti’s CEO and co-founder, Lior Tibon, emphasized the company’s commitment to independent music creators: “As the only financial and catalog services platform navigating the complexities of multiple types of rights, Duetti is continuing to put independent music creators first – many of whom have historically been locked out of traditional catalog deals.”
Artists are already reaping the benefits of Duetti’s support. Singer-songwriter and Duetti artist partner Anuhea shared her experience, stating, “Duetti’s support was a total game-changer. Not only did they help fund the creation of new music, but their marketing team also helped my song Come Over Love go viral on TikTok—giving fresh life to one of my classics from 14 years ago!”
For more information on how Duetti is revolutionizing financial services for independent music creators, visit their official website.
