Miami startup Kompoz hits a high note with new online store SoundBlend
A Miami startup helps you make music together — and now sell it, too.
Kompoz is a music collaboration platform, with members from more than 120 countries. Working from their home studios — using Pro Tools, Logic, GarageBand, Sonar or any other digital audio recording software — Kompoz artists worldwide collaborate online to create original music. Through Kompoz, they can also collaborate on revenue split sheets and ownership contracts.
And thousands of people who have never met in person are doing all of that on Kompoz – there are 33,000 songs in progress right now, said Raf Fiol, founder and co-CEO of Kompoz. Now these artists also have a way to sell that music.
On Tuesday, Kompoz announced it has launched SoundBlend, a new online music store that features songs collaboratively created on Kompoz. The name refers to the nature of the song creation process — artists blending their talents to create new original music. Fiol said it is the first store that features crowdsourced music exclusively.
“The music creation process is being revolutionized by global online access to talent,” said Fiol, who is based at Venture Hive. “Songs are being created jointly by people who have never met, writing and recording from home studios all around the world. A song released on SoundBlend may have been started by a drummer in Seattle and a singer in Austin. And another song started with a bass player in Stockholm and a violinist in Vienna.”
SoundBlend allows musicians to sell individual digital downloads, license their songs for use in videos and films, and sell rights to a song. When songs are sold or licensed, Kompoz pays each collaborator based on the splits defined in the seller agreement.
SoundBlend features a common $0.99 download option, although the artists set the price, not SoundBlend, and also offers royalty-free music licensing for videos and film and consignment, Fiol said. “Consignment allows our artists to offer all economic rights to the song, on an irrevocable basis, to some other party that can do whatever it wishes with the song. Kompoz acts as a broker between the artists and a buyer.”
SoundBlend also features a widget called “The Moodboard” that allows a visitor to drag a blue dot on a grid that features tempo on the vertical axis, and mood on the horizontal, Fiol said. You can see this in action here.
“We believe crowdsourced music deserves a new kind of music store; one that embraces global collaboration and empowers independent musicians to sell and profit together,” said Steve Gardner, Kompoz’ vice president.