
Work Here?
Work Here?
Work Here?
Stem Disintermedia sits at the intersection of music distribution and artist financial management. It offers a subscription-based platform called Stem Direct that helps independent musicians distribute music to streaming services like Spotify and Apple Music, while also handling finances, data tracking, and collaborator revenue splits. The product works by providing a centralized dashboard where artists and their teams manage distribution, monitor earnings, and automate payments to collaborators, ensuring timely and transparent payouts. It differentiates itself from competitors through a strong emphasis on transparency, automatic revenue splits, centralized financial control, and an integrated giving feature that lets artists allocate a portion of their revenue to charitable causes. The company’s goal is to empower independent artists to succeed in the digital music market by giving them clear financial visibility, creative control, and social responsibility.
Industries
Data & Analytics
Consumer Software
Fintech
Entertainment
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$292.5M
Headquarters
West Hollywood, California
Founded
2015
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$292.5M
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, the world’s leading independent music company, has added Stem Distribution to its portfolio of subsidiaries. Stem, the platform designed by musicians
Concord Music acquired Stem Distribution for over $90 million, surpassing earlier $50 million rumors. Stem will remain a separate division within Concord, led by CEO Milana Lewis and President Kristin Graziani. The deal won't affect current operations, but Tone, a Stem-owned platform, will become a stand-alone business. Concord's investment aims to enhance Stem's technology and global reach, supporting independent artists. Legal counsel was provided by Reed Smith and others.
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.
Find jobs on Simplify and start your career today
Industries
Data & Analytics
Consumer Software
Fintech
Entertainment
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$292.5M
Headquarters
West Hollywood, California
Founded
2015
Find jobs on Simplify and start your career today