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Work Here?
Industries
Fintech
Entertainment
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$41.3M
Headquarters
West Hollywood, California
Founded
2015
Stem Disintermedia provides tools and services for independent musicians to help them distribute their music and manage their finances. The main product is a membership-based platform called Stem Direct, which allows artists to distribute their music to major streaming services like Spotify and Apple Music. The platform automates payment splits among collaborators and offers a centralized dashboard for tracking earnings and data, ensuring artists receive timely and transparent payments. Unlike many competitors, Stem Disintermedia emphasizes social responsibility by allowing artists to donate a portion of their revenue to charitable causes. The goal of the company is to empower independent artists by giving them control over their music and finances while supporting social justice initiatives.
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Total Funding
$41.3M
Above
Industry Average
Funded Over
5 Rounds
Competitive company equity packages
Medical, dental, & vision insurance
401K with matching
Student loan pay down
Unlimited vacation policy
Paid volunteer time
Flexible work schedule
Parental leave
Remote work-from-home
Discretionary Extended-education Stipend
Concord is reportedly in advanced talks to acquire Stem, a digital distributor, though details vary. Some sources suggest a $50 million deal, but others dispute this. Stem, which raised $40 million between 2017-2022 and secured a $250 million credit facility in 2023, seeks equity investors due to restrictive debt terms. Concord, having raised over $3 billion, is a strong contender among other interested buyers like Sony and Warner.
Concord to acquire Stem in $50m+ deal, say MBW sources.
OpenPlay teams with Stem to expand Direct Delivery service for seamless music and video distribution ashley king may 7, 2024.
Stem Disintermedia has hired Didi Purcell (previously with TikTok's SoundOn) to spearhead artist and label partnership initiatives.
Los Angeles-headquartered music distribution and payments platform Stem has launched a new financial services platform under the 'Tone' brand.
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Industries
Fintech
Entertainment
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$41.3M
Headquarters
West Hollywood, California
Founded
2015
Find jobs on Simplify and start your career today