Lyric Financial

Utopia Music’s strengths play well with Lyric Financial’s data analysis to determine the amount of financing it can provide an artist. Its core product is an online platform for creators, rights holders and collection societies that tracks global usage data and maximizes a catalog’s revenues — its tagline is “fair pay for every play.” A separate service for investors helps them value and assess risk when acquiring a recording or publishing catalog. In September, Utopia acquired artificial intelligence startup Musimap to improve recordings’ metadata — information about performers, songwriters and rights owners that requires accuracy for the parties to be paid properly. Investors and the companies they back are increasingly funding artists who look to Chance the Rapper, who put three a...