Utopia Music
- Company typePrivate
- Founded2019
- HeadquartersZug, Switzerland
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Utopia Music firmographics
Firmographics- Name
- Utopia Music
- Legal name
- Utopia Music
- Website
- https://utopiamusic.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Utopia Music industry classification
Industry- Product category
- Music Rights Management
- NAICS
- Music Publishers (51223), Music Publishers (512230), Record Production and Distribution (51225), Record Production and Distribution (512250)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Music Rights Administration & Royalty Processing (Admin, Accounting, Statements) (MPAIAKAD)
- akta.pro secondary industries
- Royalty Financing, Advances & Securitization (Catalog Finance) (MPAIAKAH), Music Aggregators & DIY Distribution Platforms (MPAIAAAD), Creator/Artist Direct-to-Fan Streaming & Membership (MPAIACAF), Sync Rights Representation (Pitching, Clearance, Negotiation) (MPAIABAF)
Keywords
Where Utopia Music is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
Utopia Music business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Creator Services: Services to help music creators access data and monetize their rights through platform services.
- Royalty Management Services: Copyright, licensing, and royalty distribution services for the music industry through the Royalty Management Services division.
- Distribution Services: Distribution and services for independent artists and labels, including rights management.
Go-to-market motion1 record
Distribution channels1 record
Utopia Music product offering
Product offeringCore offering
Utopia Music builds and operates a portfolio of music industry technology platforms and services spanning distribution, rights management, royalty collection, financial services for creators, and music data analytics. The company serves labels, publishers, independent artists, and songwriters with tools to register, manage, and monetize music rights globally.
Product overview
Utopia Music is a Swiss music technology/fintech company that built a portfolio of services through acquisitions. The portfolio includes distribution services (Absolute Label Services), royalty and rights management (Royalty Management Services/Sentric Music Group), creator data and monetization tools (Creator Services division comprising ROSTR and ForTunes), and music financial services (Lyric Financial). The company has since filed for bankruptcy and its remaining assets are being acquired by Mitchell Asset Management.
Differentiator
Problem solved
Functional benefit
Brands
- Creator Services: A division created to provide songwriters, artists, and producers with data access and rights monetization tools.
- Royalty Management Services
Products and services
- Absolute Label Services
Companies that use Utopia Music
Customer profileSegments3 records
Ideal customer profiles2 records
Utopia Music technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Utopia Music partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Absolute Label ServicescoreUtopia Music acquired Absolute Label Services, a UK-based distribution and services provider for independent artists and labels. This acquisition includes Absolute Rights Management and will enhance Utopia's distribution offerings and industry partnerships.
- Sentric Music GroupcoreUtopia Music acquired Sentric Music Group to launch a Royalty Management Services division aimed at copyright, licensing, and royalty distribution for the music industry. The new business unit is Liverpool-based and led by Sentric's current CEO, Chris Meehan, with plans for global expansion.
- ROSTR and ForTunescoreUtopia Music acquired ROSTR and ForTunes, forming a new 'Creator Services' division. The acquisitions aim to create a platform for songwriters, artists, and producers to access data and monetize their rights.
- Lyric FinancialcoreUtopia Music acquired Lyric Financial, an industry-leading music financial services company, to expand its global reach into the United States and enhance its services for creators. The acquisition aims to advance faster royalty payments for creators.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Utopia Music competitors and assessment
Company assessmentDirect peers
- UnitedMasters: Distribution and creator services platform for independent artists, offering release distribution, data, and monetization tools. Comparable to Utopia's Absolute Label Services distribution and Creator Services divisions.
- Kobalt Music Group: Independent music publisher and royalty administration platform serving songwriters and rights holders. Directly comparable to Utopia's Royalty Management Services / Sentric division in providing technology-led copyright, licensing, and royalty distribution at scale.
- CD Baby: Long-standing DIY distribution and rights administration service for independent musicians. Overlaps with Utopia's indie distribution and rights management value proposition.
- DistroKid: DIY music distribution platform for independent artists and labels. Direct competitor to Utopia's distribution arm in serving indie creators seeking simple, low-cost release distribution.
- Songtrust: Music publishing administration and royalty collection service for independent songwriters and publishers. Closely mirrors Utopia's pitch of helping creators access data and monetize rights globally.
Broad incumbents
- Downtown Music: Provider of music publishing administration, distribution, and royalty services to independent artists and labels. Comparable breadth to Utopia's combined distribution and royalty stack.
- BMG Rights Management: Major music publisher and rights administrator offering publishing, recorded music, and neighboring rights services. Overlaps with Utopia's rights admin and distribution capabilities but at vastly larger scale.
Others
- Sentric Music Group: UK-based music publishing administration and royalty distribution company that was itself acquired by Utopia in Feb 2022 and folded into its Royalty Management Services division. Listed as a peer because the entity now sits within the bankruptcy estate being sold off.
Emerging players
- Audiam: Music rights administration and royalty collection service for songwriters and publishers, with focus on mechanical rights. Closely comparable to Sentric/Utopia's royalty admin offering.
- Royalty Exchange: Marketplace for buying and selling music royalties and catalog advances. Comparable to Lyric Financial's royalty financing and advance business.
Market position
Strengths2 records
Weaknesses3 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Utopia Music social profiles
Digital presenceUtopia Music financial estimates
Financial estimateRevenue estimate
Valuation estimate
Utopia Music leadership team
Management profileNumber of profiles
Profiles15 records
Utopia Music subsidiaries and ownership
Company hierarchySubsidiaries7 records
Utopia Music funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Utopia Music M&A and investment
M&A and investmentM&A8 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Utopia Music
What does Utopia Music do?
Utopia Music builds and operates a portfolio of music industry technology platforms and services spanning distribution, rights management, royalty collection, financial services for creators, and music data analytics. The company serves labels, publishers, independent artists, and songwriters with tools to register, manage, and monetize music rights globally.
Is Utopia Music a public or private company?
Utopia Music is a private company. It is classified as venture growth investor backed and is currently closed.
When was Utopia Music founded?
Utopia Music was founded in 2019. It employs 101 to 250 people.
Where is Utopia Music based?
Utopia Music is headquartered in Zug, Switzerland, in the Europe region.
How does Utopia Music make money?
Three revenue lines are on record. Creator Services are the primary driver. The others are royalty Management Services and distribution Services.
Who are Utopia Music's main competitors?
Direct peers on record are UnitedMasters, Kobalt Music Group, CD Baby, DistroKid and Songtrust. Broad incumbents are Downtown Music and BMG Rights Management. Sentric Music Group is listed as an others. Emerging players are Audiam and Royalty Exchange.
Does Utopia Music have an API?
No public API is recorded for Utopia Music.
What industry is Utopia Music in?
Utopia Music's product category is Music Rights Management. Its primary akta.pro industry code is MPAIAKAD, Music Rights Administration & Royalty Processing (Admin, Accounting, Statements), with a secondary code of MPAIAKAH, Royalty Financing, Advances & Securitization (Catalog Finance). Its NAICS code is 51223 and its SIC code is 7370.