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Too Lost (company)

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Too Lost
IndustryMusic, Technology
Founded2020; 4 years ago (2020)
FoundersGregory Hirschhorn, Alex Silverstein, Bjarki Larusson
Headquarters,
U.S.
WebsiteToo Lost

Too Lost is an American digital music distribution and technology company headquartered in New York City.[1][2][3] The company offers distribution and publishing services to over 250,000 independent artists and labels worldwide, enabling them to deliver, monetize, and protect their music.[4][1][5]

History[edit]

Founded in 2020 by Gregory Hirschhorn, Alex Silverstein and Bjarki Larusson, Too Lost prioritizes ownership and control for independent artists while providing distribution services to Apple Music, Spotify, Amazon Music, Pandora, SoundCloud, TikTok, YouTube and other streaming services.[6][7][2]

The company has forged partnerships with industry leaders such as BMG,[8][9] Tencent-funded Pex, Cosynd, beatBread, and Tipalti to facilitate artist payments on a global scale.[10]

In 2021, Too Lost partnered with Merlin Network, an organization specializing in digital music licensing for independent artists.[6][4][11][9]

Securing $5.3 million in debt-financing in 2022, with Sound Royalties as the lead investor, Too Lost partnered with beatBread to offer royalty advance funding to artists.[12][13][14][15][16]

In January 2023, Too Lost and Tencent-funded Pex partnered to launch the Usage Discovery tool, allowing artists and labels to track the online activity of their music for enhanced royalty payments.[17]

Expanding its global presence, Too Lost has established offices in Los Angeles, Barcelona, and Reykjavik.[18][4]

In February 2023, Too Lost partnered with payment provider Nerve to enable direct payouts to artists.[18]

In May 2023, SoundCloud announced a global licensing deal with Merlin, benefiting Too Lost and its artists under SoundCloud's Fan-Powered Royalties (FPR) model.[19][20][21][22][23]

In June 2023, Too Lost implemented new identity verification protocols to combat fraud within the music industry.[24][9]

The company launched its Copyright Registration product, developed in collaboration with Cosynd, to provide an efficient method for registering copyrights directly with the U.S. Copyright Office, serving a vast network of 250,000 artists and labels.[25][26][27][3]

In 2024, Too Lost launched a publishing administration service in partnership with BMG.[28][8]

Too Lost is also a member of the American Association of Independent Music (A2IM).[18][6][4]

References[edit]

  1. ^ a b Stutz, Colin (2023-10-14). "Kanye West Is Shopping a New Album to Distributors". Billboard. Retrieved 2024-07-08.
  2. ^ a b "Kanye West's New Album Being Shopped Around, Big Labels Steer Clear". TMZ. 2023-10-14. Retrieved 2024-07-08.
  3. ^ a b "DistroKid vs. Tunecore vs. CD Baby vs...Distribution Reviews for 2024". aristake.com. 2024-05-13. Retrieved 2024-07-08.
  4. ^ a b c d "International Music Summit | Partners". www.internationalmusicsummit.com. Retrieved 2024-05-11.
  5. ^ Schneider, Marc (2023-08-18). "Executive Turntable: 'Fix the Mix' Nonprofit Looks to Skye Landgraf; WME London Calls Josh Javor". Billboard. Retrieved 2024-07-08.
  6. ^ a b c "Too Lost Digital Music Distribution". Buzzsonic. 2024-01-22. Retrieved 2024-05-11.
  7. ^ King, Ashley (2024-05-07). "Too Lost & Mayk.it Partnership for Social Music Songwriters". Digital Music News. Retrieved 2024-07-08.
  8. ^ a b Writer, Staff (2024-02-29). "Too Lost Extends Publishing Admin Deal With BMG". CelebrityAccess. Retrieved 2024-07-08.
  9. ^ a b c "Too Lost Music Distribution Review: An Honest Assessment". aristake.com. 2024-06-11. Retrieved 2024-07-08.
  10. ^ "Too Lost x Tipalti Gets Artists Paid Across the Globe". Digital Music News. 2024-03-26. Retrieved 2024-05-11.
  11. ^ "Merlin and Deezer renew partnership around new streaming model to ensure continuous growth for indie music". The Independent Music Insider. Retrieved 2024-05-12.
  12. ^ "After raising $34m, beatBread strikes 11 new distributor partnerships across North America, Europe and Africa". Music Business Worldwide. 2022-08-09. Retrieved 2023-11-08.
  13. ^ "Too Lost Now features directly embedded BeatBread financing offers for fast, favorable, and flexible funding to users".
  14. ^ "Too Lost Integrates beatBread Financing for Fast Funding to Users". Digital Music News. 2023-10-14. Retrieved 2024-05-11.
  15. ^ "beatBread Provides $10 Million In Capital To Indie Labels In New Partnership Deals | Digital Media Wire". 2024-02-29. Retrieved 2024-05-12.
  16. ^ "Sound Royalties Supports Long-Term Relationship with Too Lost Through Capital Raises in Excess of $5M". Record of the Day. 2022-07-27. Retrieved 2023-11-08.
  17. ^ King, Ashley (2023-01-18). "Track Your Music's Journey on the Web With Too Lost Usage Discovery Tool". Digital Music News. Retrieved 2024-05-11.
  18. ^ a b c "Too Lost Becomes First Distributor to Offer Direct Payout to Nerve". Digital Music News. 2023-02-24. Retrieved 2023-11-08.
  19. ^ "SoundCloud, Merlin Strike Deal on Fan-Powered Royalties". Billboard. 2023-05-04. Retrieved 2023-11-08.
  20. ^ "SoundCloud and Merlin Announce Global Licensing Deal to Bring Fan-Powered Royalties (FPR) to Merlin Members and Their Artists". www.recordoftheday.com. Retrieved 2024-05-11.
  21. ^ "SoundCloud and Merlin Announce Global Licensing Deal to Bring Fan-Powered Royalties (FPR) to Merlin Members and Their Artists". Merlin. 2023-05-04. Retrieved 2024-05-11.
  22. ^ "SoundCloud, Merlin Strike Deal on Fan-Powered Royalties". Billboard. 2023-05-04. Retrieved 2024-05-11.
  23. ^ "SoundCloud, Merlin strike global deal to bring fan-powered royalties to indie labels". Music Business Worldwide. 2023-05-04. Retrieved 2024-05-12.
  24. ^ "Too Lost Is Stamping Out Streaming Fraud With Identity Verification". Digital Music News. 2023-06-26. Retrieved 2023-11-08.
  25. ^ "Too Lost Partners with Cosynd for Enhanced IP Protections". Digital Music News. 2023-09-22. Retrieved 2023-11-08.
  26. ^ "Music Biz Member Cosynd Partners With Too Lost To Enhance IP Protection Offerings". Music Business Association. Retrieved 2023-11-08.
  27. ^ "Music Biz Member Cosynd Partners With Too Lost To Enhance IP Protection Offerings". Music Business Association. Retrieved 2024-05-11.
  28. ^ "Too Lost Extends Publishing Administration Partnership with BMG". Digital Music News. 2024-03-05. Retrieved 2024-03-17.