A-list artist Adele teams up with supporters of music rights platform Audoo
Famous Artists like Adele and U2 Invest in Audoo – A Game Changer for Music Royalties
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$$A-listers dive into Audoo, a music technology game-changer for fairer royalties
Revolutionizing the music industry, Grammy-winning sensation Adele and legendary U2 bassist Adam Clayton have pumped funds into Audoo – a groundbreaking tech company striving to unlock fairer royalties for artists. Joining the likes of Sir Elton John, Sir Paul McCartney, and Bjorn Ulvaeus, these music superstars are transforming the royalty landscape.
Recently, Audoo's share register saw a shakeup, thanks to fresh investments by Adele and Clayton as part of a £7 million funding round. The future of music royalties seems to be looking up!
Established by ex-musician Ryan Edwards, Audoo endeavors to tackle the long-standing issue of unpaid public performance royalties. This perennial challenge prevents artists from being justly compensated when their work gets played in public venues – from bars to sports stadia. In Edwards' own words, this predicament drove him to create Audoo.
$$The brains behind Audoo
Motivated by hearing his own music played in public, without a penny to show, Ryan Edwards decided to create a solution. The solution is Audoo – a tech company fighting for fairer royalty payments and transparency across the board.
The technology Audoo employs to tackle this issue is no ordinary innovation. engineers have developed an Audio Meter device - boasting a remarkable 99% accuracy rate - that recognizes the songs played at public venues. Yielding an exceptional result, Audoo has formed industry-first partnerships with organizations such as PPL/PRS to monitor and report the performances of songs in public, like in cafes, hair salons, gyms, and shops.
$$Making ripples on the global stage
Ryan Edwards is keen on making a significant impact in Europe and the US, two key markets for recorded music. By securing an additional £7 million in funding, Audoo now gears up to expand its reach in North America and Europe.
The Audoo team revels in the support it continues to receive, as they persist towards their noble goal – revolutionizing the global royalty landscape. The new capital from the funding round will, in part, support Audoo's growth in the US market. To date, Audoo has raised over $30 million since its inception.
$$Adele's corner stay tight-lipped
When reporters reached out to Adele's management company for comment, they declined to respond. The mystery shall remain unsolved – for now!
Stay tuned, as we continue to follow the journey of Audoo and the music industry's biggest stars.
- Amidst the incursion of numerous A-list celebrities like Adele and U2, the financing landscape of Audoo, a technology-driven game-changer, is being reshaped with investments in a £7 million funding round.
- Spurred by the personal experience of unpaid royalties for public performances, Ryan Edwards, the founder of Audoo, has launched a technology-driven battle for fairer royalty payments with an extraordinary 99% accurate Audio Meter device.
- As Audoo – the music industry's tech pioneer – focuses on expanding its reach in Europe and the US, the support of music superstars like Adele and U2 adds to its growing fund of over $30 million, setting the stage for a global revolution in the royalty landscape.
