Following the launch of Shodement’s game-changing app for independent artists just a year ago, Shodement, the company backed by Axial Capital Partners has set aside a £10 million (about € 11.6 million or $ 13.7 million) advance facility from finance partners to pay advances to artists, including royalties for streaming, live shows, and festivals.

Shodement’s implementation will be initially for signing UK artists and will seek to roll out on a global scale later this year.

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