National

UnitedMasters, a music distribution platform that feels a little like Substack for singers, on Thursday raised $50 million from investors including Apple (which almost never invests in startups).

Axios Re:Cap talks with UnitedMasters CEO Steve Stoute, known for producing albums by artists like Nas and Mariah Carey, about his company, the uncertain future of record labels and why it's important for musicians to own their own music.

Music industry exec Steve Stoute on moving past record labels

Music industry exec Steve Stoute on his Apple-backed startup and moving past record labels

Apple Music

Axios Re:Cap

<p>UnitedMasters, a music distribution platform that feels a little like Substack for singers, on Thursday raised $50 million from investors including Apple (which almost never invests in startups).</p><p><strong>Axios Re:Cap talks with UnitedMasters CEO</strong> <strong>Steve Stoute</strong>, known for producing albums by artists like Nas and Mariah Carey, about his company, the uncertain future of record labels and why it&#x27;s important for musicians to own their own music.</p><div><div><iframe frameborder="no" height="200" scrolling="no" src="https://playlist.megaphone.fm?e=AXIOS2713626190" width="100%"></iframe></div><div style="display:none"></div></div><p>     </p><span data-ad-status="NO_AD_LENGTH" data-ad-type="midStoryAd"></span>

Podcasts

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Technology

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Music industry exec Steve Stoute on moving past record labels

Go deeper