Music Royalties Tracking App Business

Music Royalties Tracking App Business Success Stories [2024]

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Updated: October 9th, 2024

Want to help musicians get paid accurately? Consider launching a music royalties tracking app. This business idea revolves around creating an application that helps artists track their royalty earnings from various streaming platforms and digital sales.

The concept is simple but powerful. Develop an app that aggregates data from different sources, organizes it, and presents it in a user-friendly dashboard. Musicians often struggle with understanding where their money comes from; your app will offer clarity and ensure they’re compensated properly.

This business is particularly appealing because it addresses a real pain point in the music industry. By offering a solution that streamlines the royalty tracking process, you tap into a market eager for transparency and efficiency.

Creating this app will involve rigorous data integration and a keen sense of user-interface design, but the effort is worthwhile. Help artists focus on their craft, knowing their earnings are tracked accurately.

In this list, you'll find real-world music royalties tracking app business success stories and very profitable examples of starting a music royalties tracking app business that makes money.

1. ProductionCrate, LLC ($600K/year)

Chris Kelly, the founder of ProductionCrate, came up with the idea when he started making videos with his roommates in college and realized there was a demand for special effects. He created a website where he could store and share his assets, and it quickly gained traction. After a few weeks, he added sidebar ads and realized that he could turn his passion into a business.

How much money it makes: $600K/year
How much did it cost to start: $15
How many people on the team: 4

I Bootstrapped A $600K/Year Video Production Company [10M Downloads]

ProductionCrate, a virtual studio offering royalty-free music, video effects, graphics and sound assets, bootstrapped to $600k/year with over 10 million downloads, and one million users, thanks to loyal customer retention rates of around 80% YoY growth at 120%.

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