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.

News

Daily News

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.

Share Music industry exec Steve Stoute on moving past record labels

Sign up to save your podcasts

Music industry exec Steve Stoute on moving past record labels

Music industry exec Steve Stoute on moving past record labels

More shows like Axios Re:Cap

WSJ Tech News Briefing

WSJ What’s News

WSJ Your Money Briefing

Marketplace

Fareed Zakaria GPS

The Daily

Up First from NPR

Radio Atlantic

Post Reports

The Journal.

Morning Brew Daily

1 big thing

The Ezra Klein Show

How It Happened

The Big Take

The 7

The Opinions