At first, this obliterated the earning power of artists, but ultimately presented a new opportunity for artists to harness data and make more direct connections to their fans, generating more value for themselves and their partners, enabling the smartest artist to think independently and seek to control their own artistic and financial destiny.
That’s why in 2017 Steve quietly raised a $70 million Series A led by Google’s corporate umbrella Alphabet alongside prestigious venture firm Andreessen Horowitz and entertainment giant 21st Century Fox. With this backing, Stoute unveiled UnitedMasters.