HIFI SETS THE NEEDLE ON BUSINESS AFFAIRS

Financial rights organization HIFI is accepting applications for membership. An independent collective of creators and supporting parties, HIFI provides members with business and financial management products designed to serve the needs of music professionals.

"We represent a new kind of artist organization, one that is focused on protecting the financial rights of its members,” said Damian Manning, Founder and CEO of HIFI. “And rather than compete with other music organizations, we're building innovative products and services that work in concert with them to financially empower the creator class."

HIFI’s first product is its Royalties Dashboard, a financial platform that aggregates data from labels, distribution services, PROs, music publishers and others.

"It allows rights holders to see what they're earning across all of their royalty accounts, helping them make better business decisions,” Manning said. “A unified dashboard was a frequent request. And it will serve as a springboard for a suite of products that we're building for our members."

Next up is Cash Flow, which pays artists twice a month like a salary. HIFI is currently deploying Cash Flow among its charter members.

Matt Pincus, a founder of SONGS, recently joined HIFI's board and is a backer via his new investment vehicle MUSIC, a joint venture with LionTree.