
Official.fm
Music to discover and share..
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
$3.7m | Convertible | ||
Total Funding | 000k |
Official.fm operated as a music-sharing platform that enabled artists to distribute their music to online communities through social media channels and influential blogs. The service was utilized by major record labels, including Universal Music Group, to introduce new tracks to a wide audience.
The company's business model centered on integrating brand content into the music listening experience. It employed what it described as 'big beautiful ads' within its HTML5-based, fully responsive player, ensuring visibility across any device. This approach was designed to be non-intrusive for the listener while offering brands an opportunity to connect with a digitally-savvy youth demographic. The platform could host various ad formats, such as static images, videos, and interactive HTML5 or Flash advertisements.
A key component of its financial structure was a revenue-sharing agreement where over half of the revenues generated were directed back to the content owners. This model aimed to create a symbiotic relationship where fans, by engaging with the platform, directly contributed to the artists' earnings. The company positioned this as a fair-trade approach to music consumption, enhancing the appeal for both users and brands participating in campaigns. Keywords: music sharing, artist promotion, online music platform, digital advertising, brand integration, music streaming, revenue sharing, social media music, HTML5 music player, Universal Music Group partner, fan engagement, ad-supported music, music tech, content monetization