Are you into music? Meet these 6 Startups



BABOOM was founded on July 2014 and after $4.5M of investment (according to CrunchBase) the Portuguese music platform is ready to blast the current music industry model and give artists the power to control their content and career. Key innovations for artists include direct payments, a 90% revenue commission and splits to rights holders at source. Their uniqueness come from what they call “Fair Trade Streaming” model – artists have full visibility of payments from streaming, unlike traditional methods where all revenue goes into a pot and is distributed to the artists who are most popular. With this model, subscription fees go from the fan directly to the artists they stream.

SEE ALSO: The day has come: BABOOM was officially launched today