• Stem, an L.A. music-fintech company that counts Zac Brown Band, Foster the People and Toro Y Moi as clients, announced a $10 million raise.
  • The pandemic has hurt the music industry but has made Stem's tools and artist loan program 'more relevant than ever.'
  • Stem has distributed over $100 million in royalty payments since its launch in 2016.

With so many musicians out of work, the pandemic has been about as useful to the music industry as a broken guitar string. But, Stem Disintermedia's co-founder Milana Rabkin says it has made her company — and the technology to help artists manage their business affairs — more relevant than ever.

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  • The pandemic has ravaged the music industry, but music-tech companies are poised to drive its growth into an industry where a music company is much more than music.
  • Los Angeles is home to a bustling ecosystem of startups empowering musicians through a variety of next-generation technologies.
  • The Takeaway: Innovations in music-tech offer new tools to independent artists to help them create music, manage money, reach fans and share their music in vivid, immersive ways.
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