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
SquareOffs public polling pilot with Oregon TV station could be a new niche
Opinions are constant, said Jeff Rohr, CEO of the Kansas City startup SquareOffs. As social media consumers look for new ways to voice a plethora of differing views, Rohr said he and his company have inked a major deal with News-Press and Gazette Co. (NPG), that could overhaul the public polling conducted by local news…
Limited edition: Champ System carries sports apparel from the field to Westport
When the choice came down to quick, easy money or grinding out his own brand, Maurice Woodard played the long game. His payoff comes Saturday with the grand opening of Champ System’s first brick-and-mortar ChampZone storefront in Westport. “You’re going to look different because there’s such a limited amount that we’ll release,” he said, noting…
Frank Keck: Benefits of developing a strong workplace culture
Editor’s note: The opinions expressed in this commentary about workplace culture are the author’s alone. Check out a previous column by Frank Keck here. “We know that engaged managers and employees are much more likely to remain in an organization, leading to fewer hires from outside the organization. This results in: Lower wage costs for…
Downtown space levels up with ‘Novel Coworking’ name change
About seven months after arriving in Kansas City, one of the area’s newest coworking spaces has announced a name change. Chicago-based Level Office — which opened a studio in downtown Kansas City in February — announced Monday a rebrand to become Novel Coworking. The revamp more accurately represents the company’s mission to amplify its customers,…