Stem Unveils Tone: ‘The Royalty Process Made Simple and Easy’
variety.comJem Aswad Executive Editor, Music Stem has announced the launch of Tone, a new brand and business under Stem Disintermedia ownership intended to create modern financial tools for the music industry.
Tone, led by the company’s chief product officer Brendan Kao, “was created to fix the broken financial processes across the entire music industry, regardless of which label or distributor an artist utilizes, enabling them to take control of their finances,” according to the announcement.
Tone’s first financial services offering, Royalties, aims to makes royalty processing simple for modern record labels, ingesting all sales and cost data, calculating royalties and enabling one-click payments for an entire label roster.
Labels can uncover actionable business insights via Tone’s dashboards as well as allowing artists to log in to their own portal to understand and manage their finances.
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