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Startups in the music industry are nowadays flourishing, trying to answer some of the questions that the same technology that allows their existence is posing. Data security, secondary ticketing, royalties, hit music: every topic has someone covering it in more or less successful ways.

The social media help ask these questions but also spread the word about these startups, while many of them get a kickstart from incubators. Marketplus is running a special regarding these startups.

Daniela Grecnerova is co-founder of TootToot, one of the startups that were singled out as Top 10 Music Start-ups to Watch at Eurosonic 2017. TootToot is, as she explains, both a social network putting fans in contact with artists and a ticketing company: «We started as a platform for fans and artists to get closer to each other – we created a platform that is designed for concert requests – to be simple but effective and powerful. Then we added our own ticketing solution – it was the natural following step. Also, we cooperate with other ticketing companies as affiliate partners to provide our users with a complete calendar of events tailor-made for everyone according to his/her music taste and requests».

Startups in the music industry are nowadays flourishing, trying to answer some of the questions that the same technology that allows their existence is posing. Data security, secondary ticketing, royalties, hit music: every topic has someone covering it in more or less successful ways.

The social media help ask these questions but also spread the word about these startups, while many of them get a kickstart from incubators. Marketplus will run a special in the following weeks regarding these startups.

This week Marketplus will look into Popgun, a company creating artificially intelligent software that will be able to play and create music.

Startups in the music industry are nowadays flourishing, trying to answer some of the questions that the same technology that allows their existence is posing. Data security, secondary ticketing, royalties, hit songs: every topic has someone covering it in more or less successful ways.

The social media help ask these questions but also spread the word about these startups, while many of them get a kickstart from incubators. Marketplus will run a special in the following weeks regarding these startups.

This week Marketplus will look into GUTS, a company developing a platform for the sale and resale of tickets to shows and events, using the blockchain technology. In the Netherlands, where GUTS is based, the live music industry is expanding, according to advisors DDMCA and the number of visitors to concerts and festivals grew from 1.6 to 2.9 million people from 2011 to 2016, while the revenues went from 46 to 140 million euros.