Aslice announces Support The Sound initiative for revenue sharing

There is no shortage of discussion regarding the low sums paid out to artists in the music industry these days. While that battle continues, Aslice aims to close the pay gap with a new royalty-sharing model that relies on sharing profits from live performances.

Artists and industry insiders have spent much of the 21st-century fighting for financial value as music has become more accessible via the internet and streaming platforms. With thousands of tracks hitting these platforms daily, it should come as little surprise that most don’t create a profit for the creator and some remain dormant for months and years. While garnering more attention for releases is one side of the equation that artists and labels try to solve, the team at Aslice, a platform for equity in music, is turning its sights to live performances to help ensure artists are paid for their work.

Aslice, which was founded by DVS1, launched a new initiative in 2022 called Support The Sound that would look to supplement a DJ fee to pay for the artist’s works used in a set. The performing DJ would submit a list of what he played each night, and 10% of the booking fee would then be dispersed amongst the artists and producers who crafted the works he played. So far, the list of clubs and activities participating are Basement and Wire Festival in New York, Bassiani in Tbilisi, Dekmantel in Amsterdam, Fuse in Brussels, 6AM and Synthetik Minds in Los Angeles, Vault Sessions in Amsterdam, and Womb Tokyo

DVS1

Discussing the project, DVS1 stated: “Since we launched Aslice in March 2022, we have always emphasised the value of community. Support The Sound plans to embrace a culture of sharing and that resonates deeply with the values of our service. Why wouldn’t we support the sound? Our industry would be nothing without the music.”

Records revealed that £100 million in payments were lost in 2019 due to missing metadata, lack of reporting, and other fraudulent submissions. The team at Aslice is hoping to combat this while advocating for the creators and producers out in the world.