It wasn’t long, however, before the Dutch exec started plotting his return to the music business. “I didn’t want to start a label or a publishing company, for me that was not special enough,” he says. “So I looked around at what was going on on the horizon of the music industry.”
The solution van Kooten came up with was Ledo, a global digital distribution platform that partners artists, producers and songwriters with social media influencers to enable both parties to reach new audiences through creative collaborations. The Amsterdam-based platform launches on Tuesday . Artists can also choose to either pay an influencer a fixed fee to promote a certain track or they can negotiate a split of future streaming royalties.
For its part, Ledo collects and pays out artists royalties from streaming services on a monthly basis. Ledo will not earn any money directly from content creators.At launch, Ledo will be a free-to-use platform. Starting in September, artists can either pay Ledo €5 per track per year and receive 100% of the royalties their music generates, or pay zero fees and receive 95% of the royalties, with Ledo retaining the remaining 5%.
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We are 19 year old dedicated artists from Chicago we just came out with our 2nd visual “2HEADEDGOAT” on YouTube🐐🐐🔥click link and support you won’t be disappointed at all💫Stay Blessed🙏🏾
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