News

Startup Lickd raises £1.7m funding and signs BMG deal


Tags:

UK-based music-licensing startup Lickd has announced a Series A funding round of £1.7m ($2.2m) from angel investors, including Pink Floyd drummer Nick Mason.

The company’s focus is on licensing recorded-music to YouTubers and other social-video creators, in the hope of helping commercial (label-signed) music compete with that of production libraries like Epidemic Sound.

The funding comes alongside an announcement of a label and publishing deal with BMG, which will see up to 3m of the latter’s songs and recordings pre-cleared for use by creators.

“Lickd has identified a very real problem in music licencing and has created an opportunity which both enables online video creators to legally use great music while simultaneously creating a new, fair and legitimate revenue stream for artists and writers,” said Mason, in a statement.

For more on Lickd, read our report on the company’s Midemlab pitch last June. At that point, it had deals with 75 independent labels, publishers and distributors.

Stuart Dredge

Read More: News
Leave a Reply

(All fields required)