UK-based 3tone Music Group raises $50 million from Carlton James Group

09/07 08:42

According to Lifesly, 3tone Music Group announced today that it has raised a new $50 million investment from the Carlton James Group – an existing backer of the UK music business. 3tone describes itself as a “talent-focused music and media company”, and is best known as an indie distributor and artist/label services company. Headquartered in Bristol, UK, the company offers unlimited digital distribution to independent artists to multiple streaming platforms for a single annual fee – making it a rival to the likes of TuneCore and DistroKid. In addition (for more expensive annual fees), 3tone offers artists premium services such as marketing, promotion, synchronization and playlist pitching. 3tone said today (September 6) that the new $50 million investment will fund further expansion of its distribution platform, while strengthening the company’s position across the “Web3 and media markets”.
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