Aslice, the revenue-sharing software program software for DJs and producers launched by techno legend DVS1, is shutting down.
The platform, launched in 2022 to offer producers with truthful earnings every time their music is performed at golf equipment and festivals, introduced its closure right now on social media.
“It’s with heavy hearts that we announce our closure,” the Aslice group wrote in an announcement. “In lower than 4 years, Aslice proved that actual change within the music trade is feasible. Our group platform was constructed by artists for artists. We developed a revenue-sharing software program that labored—with none company funding or affect.”
Aslice, which allowed working DJs to share their earnings instantly with the music producers who create the songs performed at stay DJ units, had partnered with main dance music gamers like Richie Hawtin and Help The Sound, an initiative that tried to ascertain income sharing between DJs and producers as a brand new customary throughout a worldwide community of nightclubs.
From 2025 onward, this community of nightclubs deliberate to require all DJs who play their occasions to share tracklists from their units on Aslice in order that producers might obtain correct fee. Aslice is not accepting tracklist submissions from DJs. Nevertheless, unregistered producers can join with the platform earlier than December 31 to obtain their closing payouts.
“Our proprietary machine-learning software program allowed us to achieve an unparalleled 99.8% monitor matching accuracy, setting an trade benchmark, and proving that the fitting producers can obtain their royalties when the fitting know-how is carried out,” Aslice’s assertion continued. “29% of producers obtained their first-ever fee for his or her music by means of Aslice, whereas 60% earned extra from Aslice than all their different music revenue mixed.”
An Aslice-commissioned impartial report discovered that from the corporate’s non-public beta launch in 2021 to right now (September 3, 2024) “Aslice redistributed $422,696 from 7,396 playlists submitted by 935 DJs to 27,395 producers throughout 57 international locations, processing 85,265 distinctive tracks from a complete of 355,163 reported performs.”
Although the corporate has not shared particulars as to why it’s closing, the report additionally famous that “Aslice confronted vital skepticism” upon its launch. “This, mixed with a scarcity of widespread adoption by top-tier DJs, finally hindered the platform’s means to attain long-term sustainability,” the report mentioned.
Learn Aslice’s full assertion beneath and take a look at the whole A Slice Of Equity report right here.
Featured picture from Unsplash.com.