Concord Music, RecoChoku and Royalty Exchange have joined Warner Music Group, Harmonix Music Systems, Q Prime Management, Bill Silva Entertainment, Silva Artist Management, and Sony Music in supporting Techstars Music startup accelerator.
Techstars Music partners both provide capital and help run the program, from selection to mentoring to business development and follow-on investment. The accelerator is currently on a global search to find its next class of startups.
About its three new sponsors:
- Concord Music was formed at the beginning of 2015 from the merger of Concord Music Group, one of the world’s leading independent record companies, and The Bicycle Music Company, a premier independent music publisher. Since merging, Concord Music has made a number of acquisitions and strategic investments in other music publishing and record companies, and is now one of the largest integrated music publishing and record companies in the world, with offices in Los Angeles, New York, Nashville, Cleveland, London and Berlin. Concord Music will add an independent label and publisher perspective to the program, while also offering startups access to a deep and diverse set of mentors from their executive ranks.
- RecoChoku is perfectly positioned to offer Techstars Music startups insight and opportunity into Japan, currently the No. 2 music market on Earth. In addition to its on-demand streaming and download services, RecoChoku is also expanding into artist development and support, live events and a new music experience business called WIZY. RecoChoku will work with Techstars Music startups on international expansion, both during the recruiting process and within the program.
- Royalty Exchange is the world’s largest marketplace for buying and selling royalties. Artists turn to Royalty Exchange to raise money and take control of their financial future, while investors look to them to generate income that’s hard to beat. Their experienced executive team, comprised of successful serial entrepreneurs based in Denver, Colorado, will work with startups on financial modeling, pricing strategy, fundraising and operations.
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