In the fast-evolving music industry, artists often struggle with tracking royalties from various platforms and record labels. Mogul emerges as a game-changer, streamlining the way musicians monitor income streams and unlock unclaimed earnings. With $1.9 million in seed funding, Mogul addresses the complexities and opaqueness of the royalty system to ensure artists are paid comprehensively.

Contents
A Team with Vision
Mogul’s Mechanisms Explained
Revenue Models That Benefit Artists
The Global Royalty Landscape
FAQ Section
Conclusion

A Team with Vision
Jeff Ponchick, a former SoundCloud head of creators, along with Joey Mason, an ex-SoundCloud VP of engineering, passionately co-founded Mogul in 2023. The visionary duo identified the prevalent problem of untracked royalties in the music sector and raised substantial support, including from significant entities like Wonder Ventures, United Talent Agency, and Amplify.LA.

According to Ponchick, the intricacies of rights management leave many musicians underpaid. Mogul’s initiative is to simplify and demystify this process.

Currently in private beta with 250 artists, Mogul has already identified $3.5 million in previously unclaimed revenue for its users.

Mogul’s Mechanisms Explained
Mogul offers an all-encompassing overview of an artist’s revenue, from publishing to sound recordings. It uniquely automates the audit process for rights such as mechanical royalties, public performance, and neighboring rights.

Musicians connect their various distribution channels to Mogul, which facilitates a seamless tracking of royalties. The platform aims to address registration issues that often cause artists to lose nearly 10% of their lifetime earnings in unpaid royalties.

Revenue Models That Benefit Artists
Mogul explores revenue through a SaaS model offering different auditing tiers and features like royalty anomaly detection. It is also piloting a percentage-based model from the recovered royalties, adjusting its approach based on artist feedback.

The Global Royalty Landscape
With the advent of new platforms and emerging regulations, the royalty landscape is constantly transforming. Recognizing this, investors see Mogul’s potential to revolutionize how artists monitor and rectify their royalty streams.

As artists navigate royalty collection’s complexities, tools like Mogul play a critical role in maximizing their earnings and clearing up the clutter of rights management.

FAQ Section
What is Mogul?
Mogul is a technology company that helps artists and musicians track their royalties and identify unclaimed revenue across various distribution platforms.

Who founded Mogul?
Jeff Ponchick and Joey Mason, both formerly of SoundCloud, founded Mogul in 2023.

How does Mogul help artists?
Mogul provides artists with an automated system to access and audit their earned royalties from publishing and sound recordings, ensuring they receive all owed revenue.

What funding has Mogul received?
Mogul has raised $1.9 million in seed funding from multiple ventures including Wonder Ventures, United Talent Agency, and Amplify.LA.

How does Mogul plan to generate revenue?
Mogul is considering a SaaS model with different auditing features and a percentage-based model taking a cut from recovered royalties for artists.

Conclusion
Mogul emerges as a beacon of hope in a sea of industry complexities, providing a robust solution for artists to claim their hard-earned royalties. Emphasizing transparency, accuracy, and simplicity, Mogul empowers musicians to take control of their financial rights in an ever-changing digital landscape. With its innovative auditing technology and user-oriented pricing model, Mogul is orchestrating a revolution in rights management and revenue distribution for artists around the globe.