AUSTIN (CelebrityAccess) – BeatStars, the online music production marketplace behind Lil Nas X’s “Old Town Road,” announced this week that it has paid out over $50 million to the producers who license and sell beats on the platform.
The company reportedly earned over $20 million for its active producers in 2018 alone – that’s a 100% increase over 2017.
The marketplace currently hosts over 1.5m active tracks, including 568,000 tracks uploaded in 2018, and boasts over 340,000 active sellers, including the likes of multi-platinum, Grammy Award-winning producers such as Mr. Porter, DJ Green Lantern, and Statik Selektah.
Other major hits to have originated on the site include Flipp Dinero’s Double-Platinum “Leave Me Alone” (produced by Young Forever Beats), and Queen Naija’s Platinum-selling “Medicine” (produced by 30Hertz).
BeatStars was founded in 2008 by Abe Batshon and currently has offices in Austin, Texas, Funchal, Portugal and Porto Alegre, Brazil.