The Aussie company aiming to revolutionise ‘broken’ music streaming industry

MyPremo, which has the backing of worldwide rap star Ice Cube, helps artists higher monetise their work.

Sebastian Jamze desires of being a full-time musician.

The 19 year-old’s profession took off after profitable a actuality TV singing competitors.

But he says the earnings from his music is not sustainable, as streaming giants like Spotify take a lot of the income from his work.

“You’re putting so much of your heart and soul into your song, mixing, mastering. You’re putting so much money into your music, and then you’re not getting anything back from what you’ve made,” Jamze mentioned.

And he isn’t alone – many say the trade is damaged.

A Perth firm now hoping to alter the sport and save the music trade.

Cody McDowell and co-founder James Gillies have began web site – MyPremo – a subscription free service – the place musicians can promote their work on to followers.

MyPremo goals to place the facility again into creators’ fingers, permitting them to have management of their content material and income.

“A lot of musicians aren’t making money, it’s very publicly known, from the Snoop Doggs of the world telling everyone they are making $45,000 from a billion streams to the small local artists who are on the pub circuit making no money,” McDowell mentioned.

“We’re trying to throw a lifeline out to Australian artists and help give them some money to put food on the table.”

Creators launch their songs, and set their very own value per play, receiving 80 per cent of the full gross sales.

“So you’re not relying on thousands of streams to make 0.003 of a dollar, you’ll make 80 per cent of that revenue from us,” Gillies mentioned.

Currently in Australia, artists must get greater than 1000 streams per track a yr on Spotify to make any cash in any respect.

A complete of 1500 together with filmmakers and influencers from world wide are already on board.

American rapper Ice Cube is part proprietor of the platform.

Jamez has already had greater than 25 million performs on Youtube – however he hasn’t obtained a cent.

If he launched a track on iTunes he’d be fortunate to get $150, whereas on MyPremo, he earned $6500 from one track.

“I think it’s a really incredible opportunity for artists,” he mentioned.

“Having an income for what you are doing would be an absolute dream.”