How Create Music Group Found $60M In Unclaimed Revenue For Artists And Labels In Three Years – Forbes
In just three years, Los Angeles-based Create Music Group has changed the online music streaming game. What started as a YouTube monetization company, collecting revenue on behalf of artists and labels, now monetizes more than nine billion streams per month. This year alone, CMG is on track to find $45 million for its clients, and in 2019 it’s predicted to find an additional $100 million.
The company started with EDM content from DJs and producers releasing content on YouTube for their fans. These artists weren’t monetizing their music, and when certain tracks became viral hits, oftentimes the artist didn’t know. CMG came in claiming those tracks on behalf of the artists, and the windfall for many was life-changing.
Read full Forbes article HERE.