Mozaic, the newly launched payment platform custom built for the creative economy, is announcing its first creator-partner, producer Drumma Boy.
The sonic genius behind hits by Gucci Mane, Wiz Khalifa, Nelly, and Rick Ross, Drumma Boy was called one of the driving forces behind Atlanta’s hip-hop ascendence by The New York Times. Mozaic has helped Drumma Boy seriously streamline administration and payment for his multitude of projects.
“The music business is 10% talent, 90% business,” Drumma Boy notes. “Mozaic makes the 90% faster. I can work with any artist on any distribution platform and I know the splits and recoupables are taken care of. It makes everything easier for making payouts, as well as album and mechanical royalty splits.”
In-demand producers like Drumma Boy face administrative burdens rarely discussed outside music business circles. They have to collect, track, and pay out royalties to their collaborators, often months or years after a recording session is over. With smart contracts and splits, Mozaic automates this time-consuming and mind-numbing work, making sure money automatically comes in and goes out to the right people in the right amount, so they can create more.
Instead of hours, creators can spend a few minutes on an intuitive app and make sure everyone knows what to expect when, avoiding potentially tense discussions of who owes what. For international collaborations, an increasingly common scenario for creators, Mozaic can send payments cheaply across national borders, send helpful mobile updates to payees, and manage the bulk of tedious accounting processes. For music distributors, Mozaic’s API can help them offer splits and integrated payments in a matter of days, saving valuable development resources for other projects.
“Payments should be as automatic as streaming. We want every creator to have the power of a back office at their fingertips, so that payments are something they can take care of over a drink on the way to a show,” explains Mozaic CEO Marcus Cobb. “We want them to keep their relationships with their preferred distribution platform and with fellow creators and collaborators strong. Drumma Boy, for example, loves working with TuneCore, and with his feedback, Mozaic now gives him the extra tools he needs to keep that relationship strong.”
By on Mon, 18 Jul 2022 15:29:00 GMT
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