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Songlorious Net Worth: Where Is Songlorious Today?
To put it simply, Songlorious is a digital marketplace where songwriters and listeners can connect to create and purchase unique musical works.
After its launch in June of 2020, Songlorious will feature the talents of over 120 professional musicians, songwriters, and producers. Providing high-quality, original music in a short amount of time, Songlorious is a simple platform that is well worth checking out.
Bio:-
| Company Name | Songlorious |
| Owners | Ellen Hodges and Omayya Atout |
| Shark | Mark Cuban, Daymond John, Kevin O’Leary, and guest Shark Peter Jones |
| Equity | 40% |
| Investment | $500,000 |
| Location | Brooklyn, New York |
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Why Is Songlorious So Popular?
Songlorious carefully selects its composers, while its users determine the song’s style, mood, and length; the composer then creates and sends the finished product to the customer within a week. Artists appreciate Songlorious because it allows them to keep all of the rights to their original work. The customer receives a personal use licence in addition to the platform’s licence to distribute the song.
Where Is Songlorious Today?
In April of 2022, Songlorious and David’s Bridal, a major retailer of wedding dresses and formal wear in the United States, announced their collaboration.
Elon Musk, according to a 2022 tweet, asked for Songlorious to compose the Mars national anthem. The Songlorious team may even add it to their official Spotify playlist.
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Songlorious Appearance on Shark Tank
The group pitched for $400,000 in exchange for 10% of the Songlorious brand on season 13 of Shark Tank.
In their first year of business, they were able to rake in over $700,000 thanks to the minimum $45 price tag on each song they sold. They were successful, but they weren’t business whizzes, so they needed assistance expanding so they could use more musicians.
According to information found on sharktankrecap.com, several of the sharks thought Songlorious was a fantastic investment. Kevin O’Leary’s connections in the wedding industry made for a promising target market, and Daymond John could provide assistance with online promotion.
Mark Cuban and Peter Jones had some great ideas for growing the Songlorious brand, including the potential application of artificial intelligence; as a result, the company received four offers totaling $500,000 for a 40% stake. The couple sought advice independently and fought the $800,000 for 40% equity offer.
Net Worth
Even though the business owner had hoped to get $4 million in investment from Shark, a deal was ultimately signed at a much lower valuation of $1 million. Current Songlorious’ estimated net worth is $2 million. One can only hope that the sharks will make an effort to expand the company.
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Who Is Songlorious’s Founder?
Ellen Hodges and Omayya Atout started Songlorious in their Brooklyn apartment during the 2009 COVID-19 pandemic. After seeing how lockdowns ruined business and revenue, musicians came up with a plan to take their earnings online.
So far, they’ve worked with over 150 different musicians and produced over 10,000 songs together.
Frequently Asked Questions
What Is Songlorious Net Worth?
According to reports, the value of the business has increased to $1 billion. Songlorious’s custom songs range in price from $45 for a 30-second acoustic jingle to $230 for a three-minute song.
Is Songlorious Still in Business?
In other words, the website is still live and kicking. Since the price cuts, the company has been able to hire more musicians and painters. Over 11,000 custom songs have been performed, and the reviews are overwhelmingly positive.
How Much Does It Cost to Have a Song Written for You?
You can expect to pay a lyricist anywhere from $30 to $600 or more per song, with the higher end reflecting greater experience and expertise. While composers and songwriters charge about the same, there are a lot more variables to consider (copyright release, video, commercial vs. personal use, etc.) when deciding how to use their work.
Summary
Songlorious is a digital marketplace where songwriters and listeners can connect to create and purchase unique musical works. After its launch in 2020, Songlorious will feature the talents of over 120 professional musicians, songwriters, and producers.
The platform’s users determine the song’s style, mood, and length; the composer then creates and sends the finished product to the customer within a week. Ellen Hodges and Omayya Atout started Songlorious in their Brooklyn apartment during the 2009 COVID-19 pandemic.
Over 11,000 custom songs have been performed, and the reviews are overwhelmingly positive. Since the price cuts, the company has been able to hire more musicians and painters.
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