DENVER, (March 9, 2021) — Royalty Exchange, the online platform using the power of markets to unlock the value of ideas, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021.
The list honors the businesses that have not only found a way to be resilient in the past year, but also turned those challenges into impact-making processes. These companies did more than just survive, they thrived—making an impact on their industries and culture as a whole. This year’s MIC list features 463 businesses from 29 countries.
Royalty Exchange ranked No. 8 in the Music category for its innovative financing solutions for music creators. Over the last 18 months, demand from investors recognizing the potential of music royalties has skyrocketed. While big funds writing big checks to big artists have dominated the headlines of this phenomenon, the Royalty Exchange marketplace allows ALL artists to tap into this unprecedented demand.
“Well before today’s music catalog ‘gold rush’ began, Royalty Exchange was the first to champion music royalties as an asset class that benefits both artists and investors,” said Royalty Exchange’s Anthony Martini. “We’re still the only one doing so in a way that helps all artists, not just the 1% of superstars. Everyone here at Royalty Exchange is honored to be recognized by Fast Company and we’re proud to be included among the companies changing the game in their respective industries.”
Since launch, Royalty Exchange has facilitated over 1,000 transactions across the marketplace and has directed more than $90 million in new funding to creators and rightsholders in that time. Recent innovations to the marketplace include:
- The addition of The eXchange, which allows music creators to list their catalog at any price they choose directly to more than 27,000 interested investors
- A counteroffer feature for real-time negotiations
- A partnership with digital distributor Vydia to expand services to independent recording artists and labels
“The artists using our marketplace would be left out of the boom in music catalog sales if our platform didn’t exist,” said Martini. “We’re shifting the power in the music industry back to the music creators themselves with a free and transparent marketplace… the more we expand this market, the better off artists will be.”
Read Anthony Martini’s full comments on the award and what it means for the music industry here.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“In a year of unprecedented challenges, the companies on this list exhibit fearlessness, ingenuity, and creativity in the face of crisis,” said Fast Company Deputy Editor David Lidsky, who oversaw the issue with Senior Editor Amy Farley.
Fast Company’s Most Innovative Companies issue (March/April 2021) is now available online here, as well as in-app form via iTunes and on newsstands beginning March 16, 2021.
ABOUT ROYALTY EXCHANGE
Royalty Exchange uses the power of markets to unlock the value of ideas that enrich the human experience. We operate the world’s oldest and largest marketplace for buying and selling royalties, bringing together music creators and private investors with transparency and fairness.
Creators use us to raise money without going into debt or giving up their rights. Investors use us to access high-yield, uncorrelated royalty opportunities. The result is a solution for all creators and investors, not just the connected few.
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ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.