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Former Sony Music UK boss returns with vehicle to invest in artist and music start-ups
By Chris Cooke | Published on Monday 15 June 2015
Former Sony Music UK CEO Nick Gatfield is back with “an investment, strategy and services provider for early stage artists and music entrepreneurs”. The new business aims to be an angel-type investor for both new artist businesses and other music start-ups.
Confirming the objectives of his new venture, Gatfield told Music Week: “To date there has been a void in early stage funding and incubation support for new artists and music start-ups. However, with the current level of disintermediation in the industry, there has rarely been a better time for artists and entrepreneurs to pursue their unique vision and forge their own career paths. Twin Music Inc hopes to fill this void and help find and develop those unique individuals who will define the next chapter of the music business”.
Which is a whole lot more interesting than you might think from a statement that used the word “disintermediation”. It will be interesting to see who this new firm backs, and what the artist-business to other-music-start-up ratio will be.
