Stemit Email Format
MusiciansCalifornia, United States2-10 Employees
Stemit, a small team based in Berkeley, California, collaborates with record labels and rights holders to generate stems from existing songs. Stems are the isolated vocal and instrumental tracks that make up a song's final mix, and the company aims to create a new, manageable asset class for the music industry with a path for distribution. With about 30 million songs in the marketplace, there is potential to build a library of more than 100 million stems. Its customers include DJs for remixing, film studios for background tracks, game developers, and music artists seeking stem-based assets. The stem market could substantially increase a song's value by selling individual components, with projections indicating growth to around $4 billion in the near future.