No matter how popular a song gets, the musician who created it usually has no clue how much money the song will actually bring until the royalty check shows up in the mail.
Now a new app breaks out an artist's earnings from a song in real time as it plays as a stream or a download. Major music publisher and rights manager Kobalt on Wednesday launched an iOS app for clients that provides real-time data on revenue by song from services including Spotify, YouTube, Apple Music and Pandora.
"Kobalt has quietly built one of the most important and empowering platforms in music," said Bill Maris, CEO of GV (formerly Google Ventures), which led a $60 million Series C funding round in Kobalt last February.
"With the launch of the Kobalt app, an unprecedented amount of transparency and control is now in the hands of artists, where it belonged all along," he said in an emailed statement. "We are excited about this huge step forward."