Today, Aslice is announcing the closure of its revenue-sharing platform. From its private beta launch in December 2021 to the closure in September 2024, the service gathered around 7,400 playlists from 935 DJs, who collectively shared over $422,000 of their earnings with more than 27,000 music producers worldwide.
Utilizing machine-learning technologies, Aslice achieved an industry-leading accuracy of 99.8% in track matching, delivering the blueprint for traditional rights organizations on how to adapt to electronic music’s needs. Driven by a vision of sustainable and equitable change, Aslice sought validation by commissioning external data experts to independently review their operations and impact on the electronic music industry.
Launching its public beta in March 2022, the community-driven platform Aslice emerged as the game-changing “easy button” for working DJs to share a small portion of their fee with the producers they play. While addressing the increasing DJ and producer income disparities in electronic music, Aslice offered an innovative alternative to the traditional performance rights collections model through its advanced software and quickly turned into a completely new revenue stream. An achievement in itself, which the Aslice team looks back on with pride in their closing statement:
“In less than four years, Aslice proved that real change in the music industry is possible. Our community platform was built by artists for artists. We developed a revenue-sharing software that worked–without any corporate funding or influence. Aslice has always been dedicated to ensuring music producers are compensated fairly, driven by a simple yet profound principle: share with the artists you love. Beyond the innovative technology we created from scratch, we fostered something much more meaningful: we strengthened connections between DJs and music producers worldwide. We made strides toward a fairer music ecosystem that prioritized the core values of respect and mutual support, making artists feel valued and acknowledged in a new way. Inspiring things can happen when we all work together.” – Read the full Aslice Statement here!
As part of the closing process, Aslice underwent an external review by the data analysis experts at Audience Strategies. Their resulting report, “A Slice Of Fairness,” provides an independent evaluation of Aslice’s four-year operation, examining the achievements, the challenges encountered, and the valuable lessons that can be drawn from their initiative.
“Aslice’s story is both inspiring and bittersweet. A handful of dedicated people with a passion for fairness and community created a platform that genuinely improved lives, redistributing over $422,000 to producers.”, says David Boyle from Audience Strategies.“Their 99.8% accuracy rate puts behemoth legacy systems to shame. They showed that a fairer music industry is possible, with producers earning more through Aslice than from traditional channels. It’s gutting to think how close they were to making this sustainable – just a few more top DJs walking their talk on supporting artists would have tipped the scales. But Aslice proved that you don’t need deep pockets or a huge team to change the world. They’ve set a new benchmark for fairness and respect. Their impact will echo for years to come. Now, it’s up to the industry to build on the foundation they laid. The question now is: who will pick up the torch?”
The post Aslice is closing appeared first on Decoded Magazine.
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