Music Benefactors, an SEC-registered investment platform that assists recording artists in raising capital for their projects, is in large part a reaction to dysfunctions in the established system of financing in that industry, according to Matt Lutz, its founder and CEO.
“The big labels aren’t into the development of talent any more,” Lutz said in a recent interview, so there is “no way to let an independent artist get funding” except by working to create an alternative system.
Music Benefactors received a fair amount of attention recently when it moved . . .
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