UnitedMasters, a music distribution platform that feels a little like Substack for singers, yesterday raised $50 million from investors like Apple — which almost never invests in startups.Dan talks with UnitedMasters CEO Steve Stoute, known for producing albums by artists like Nas and Mariah Carey, about his company, the uncertain future of record labels and why it's important for musicians to own their own music.

UnitedMasters, a music distribution platform that feels a little like Substack for singers, yesterday raised $50 million from investors like Apple — which almost never invests in startups. Dan talks with UnitedMasters CEO Steve Stoute, known for producing albums by artists like Nas and Mariah Carey, about his company, the uncertain future of record labels and why it's important for musicians to own their own music.

UnitedMasters, a&nbsp;music&nbsp;distribution platform that feels a little like Substack for singers, yesterday raised $50 million from investors like Apple — which almost never invests in startups.Dan talks with UnitedMasters CEO&nbsp;Steve Stoute, known for producing albums by artists like Nas and Mariah Carey, about his company, the uncertain future of record labels and why it's important for musicians to own their own&nbsp;music.

Music industry exec Steve Stoute on moving past record labels

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. 

Axios Re:Cap is on hiatus until October 2021.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. Axios Re:Cap is on hiatus until October 2021.

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.&nbsp;

Axios Re:Cap is on hiatus until October 2021.

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Music industry exec Steve Stoute on moving past record labels

Music industry exec Steve Stoute on moving past record labels

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