BEATBREAD JOINS FRIENDS PROGRAMME AS PART OF A SHARED COMMITMENT
TO EMPOWER THE INDEPENDENT SECTOR
Brussels 23rd November 2023
beatBread is a pioneering music and finance company that provides funding to labels and musicians while ensuring clients have transparency and customisation to choose their partners and retain complete ownership. Joining IMPALA’s Friend scheme under a two year deal underlines their long term dedication to championing the independent sector.
Peter Sinclair, CEO of beatBread:
“At beatBread, artists and songwriter choice and empowerment is our North Star. Music creators now have the opportunity to grow with more flexibility, control and economic upside than at any point in the history of the music industry. This opportunity is uniquely available to artists who partner with independent labels, artist service companies and distributors rather than with traditional incumbents. We are proud to partner with IMPALA, and are excited to develop a powerful relationship to enhance the independent music ecosystem and build the future of the music industry together.”
Helen Smith, Executive Chair of IMPALA:
“We are delighted to welcome beatBread as Friend of IMPALA and strategic ally in our ongoing efforts to promote the interests of the independent music sector. Financial flexibility and independence for labels resonates deeply with IMPALA’s mission to improve access to finance for the sector and we look forward to working with beatBread on this. Any members interested in what beatBread offers should let us know and look out for a webinar early 2024.”
Founded in 2020, beatBread brings together a team with deep experience in music, finance, artificial intelligence and machine learning to create new opportunities for artists and labels. With the implementation of industry executives across Europe, beatBread provides independent artists and labels with financial advances that are repaid through a limited share of revenues from streaming, over a period of the artist or label’s choosing.
IMPALA was established in 2000 and now represents over 6000 independent music companies. 99% of Europe’s music companies are small, micro and medium businesses and self-releasing artists. Known as the independents, they are world leaders in terms of innovation and discovering new music and artists – they produce more than 80% of all new releases and account for 80% of the sector’s jobs. IMPALA’s mission is to grow the independent music sector sustainably, return more value to artists, promote diversity and entrepreneurship, improve political access, inspire change, and increase access to finance. IMPALA works on a range of key issues for its members, runs various award schemes and has a programme aimed at businesses who want to develop a strategic relationship with the independent sector – Friends of IMPALA.
IMPALA – Independent Music Companies Association
Rue des Deux Eglises 37-39, 1000, Brussels, BELGIUM
+32 2 503 31 38