Hipgnosis to buy them all
April 14, 2021

United Masters founder: Big record companies will just be managers of catalog

"Big companies going forward will just be managers of catalog. I don’t see the need for a record company [beyond that] to exist... Their ownership in artists’ intellectual property will diminish" - UnitedMasters founder Steve Stoute tells MBW. Last month, his independent artist distribution platform has secured a $50 million investment by Apple, Alphabet, and Andreessen Horowitz supporting his mission to become "a full-service music company in your pocket”.