14th Mar 2016 08:19
LONDON (Alliance News) - Digital media company Milestone Group PLC on Monday said its Nexstar joint venture has launched Black Cactus Music, a music publishing platform.
The cloud-based platform will allow music sales directly from a musician's website or platform and will distribute content to more than 120 streaming services, including Apple Music and Spotify.
Nexstar will make revenue from a number of areas on the platform, including a one-time set-up fee per artist for access to the platform, plus a revenue share of 25% to 30% per transaction on the platform.
Milestone shares were up 5.9% to 0.45 pence early Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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