Audiam is the new company of TuneCore founders Jeff Price and Peter Wells, aiming to help musicians make more money from their YouTube channels. It launched earlier in the summer (Bulletin, 13-Jun-13), but has now announced its first round of funding. The company has raised $500k from angel investors, just after launching in the US and Canada. The company is also on a recruitment drive, bagging another former TuneCore colleague David Willen as chief technology officer. He’s the former CTO of TuneCore, as well as Barnes & Noble and TheStreet. Willen is joined by Michael Gavigan and Bryan Hoffman as directors of artist licensing, royalties and administration, with both having worked within YouTube – Gavigan through its acquisition of his company Rightsflow, and Hoffman from a publishing research job at Google’s video service. Audiam announced last week that it has so far made more than $50k from YouTube for its customers, fulfilling a similar role to MCN INDMusic in helping musicians claim songs and optimise their own videos on the site.

Source: Audiam

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