2017 Under the Radar: MusicSpoke scores thousands of sheet music sales
August 29, 2017 | Meghan LeVota
Editor’s note: Startland News picked 10 early-stage firms to spotlight for its annual Under the Radar startups list. The following is one of 2017’s companies. To view the full list, click here.
The sheet music publishing industry is worth more than $1 billion.
Yet when working with traditional publishers, composers hardly see any of that money. Models put revenue for publishers as high as 95 percent with only 5 percent slated for composers.
Jennifer Rosenblatt and Kurt Knecht say the trend is pushing composers toward self-publishing as an option, which is why they co-founded MusicSpoke in 2014. Since then, the platform offers more than 1,000 scores and has sold more than 85,000 units of sheet music from self-published composers.
MusicSpoke keeps 30 percent of the sheet music sales, which is significantly lower than traditional publishing fees the sheet music industry, Rosenblatt and Knecht said. The company has grown at an average annual rate of about 260 percent and has raised about $120,000 in investment capital to date.
After spending a decade in Lincoln, Nebraska, Rosenblatt and Knecht set up shop in Kansas City in July 2016. The pair thought their business’ new home would be a better place to grow MusicSpoke.
“We are delighted to be growing in KC,” Rosenblatt said. “We love the support for the arts and entrepreneurship KC provides. We are looking to hire and grow the team next year.”
Later in 2017, MusicSpoke is expected to launch the Icon Series, which involves a collection of scores curated by the industry’s influential conductors, Rosenblatt said. The firm’s tests show that sheet music promoted by an influencer can sell up to 400 percent better than top-selling scores that are not promoted.
Rosenblatt is a 2017 Pipeline Fellow, has participated in ScaleUP KC! and is a part of the Sprint Mentor Network.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
Una Mas Empanadas folds authentic Argentinian flavors into new restaurant spot at Parlor
Expanding Silvia Herrera’s business from a food truck in Gardner to one of Kansas City’s most active and eclectic food hubs brings the Buenos Aires-born entrepreneur — and her grandmother’s 50-year-old handcrafted empanada recipe — to an even wider, more diverse audience, she said. “Our empanadas are more than just food,” Herrera said. “They represent…
It’s not too late to preserve KC’s Black-owned restaurants (or to enjoy Black Feast Week)
The recent closures of Soiree, The Krave, and Privee — Black-owned restaurants that each became a staple of Kansas City’s evolving food scene — leave a clear void that can’t be ignored, said Ryan Sorrell. An initiative to help save local culinary should-be hotspots in similar danger wraps this week, but the work to promote and…
Ancestry.com founder-turned-AI evangelist says rapidly advancing tech can uplift humanity, families
People across the globe are caught in an internet malaise, said Paul Allen, and tech visionaries’ response should be to renew humans’ dependence on faith and family and friendship and local community. One of their most critical tools, he said: decidedly non-human solutions from the rapidly evolving landscape of artificial intelligence. Allen — founder of…
KC filmmaker sees pleasure as a prequel to dystopia hiding ‘In Plain Sight’; His brave new wake-up call
Thomas Rex’s new proof-of-concept film project envisions a near-future world where society is on the verge of totalitarian control, he said, describing a cautionary tale about being unknowingly controlled by a culture of escapism through pleasure and pharmaceuticals. “In Plain Sight” serves as a prelude to Aldous Huxley’s novel “Brave New World,” an acclaimed but…