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Business Daily

Stockholm: The capital of music tech?

Mar 14, 2024
18:07
Snipd AI
Explore how Stockholm has become a hub for music tech startups like Spotify and Soundcloud, with new businesses setting up shop. Discover the profitability and future potential of the music tech sector in the Swedish capital.
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Podcast summary created with Snipd AI

Quick takeaways

  • Stockholm is a thriving music tech hub due to its strong musical legacy and culture of collaboration.
  • AI-powered platforms like Snafu Records are reshaping the music industry by finding undervalued artists with data analytics.

Deep dives

Snafu Records: AI-enabled Music Label

Snafu Records, the first AI-enabled music label globally, focuses on finding undervalued artists by using an algorithm that analyzes millions of songs weekly. The platform considers various data sources like social media and song structures to predict an artist's potential success. By offering a 50-50 profit split, Snafu provides a more artist-friendly approach compared to traditional labels.

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