31.01.2023 - TIDAL, the global music and entertainment platform, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced that the two companies will work together to explore an innovative new economic model for music .
STEM, a distribution and payments platform aimed at providing independent musicians and labels with tools to grow their businesses, has received a $20 million round of funding, led by QED INVESTORS, a leading venture capitalist firm in the fintech space, and supported by BLOCK INC., a global technology and financial services company, joined by previous investors SLOW VENTURES and QUALITY CONTROL. The six-year-old company has distributed music by artists like BRENT FAIYAZ, MELII, WIZ .