Drip raises $1.5 million in funding, opens subscription platform to all artists
Subscription service now open to artists worldwide.
Drip, a subscription service founded a few years ago by Ghostly International‘s Sam Valenti and Miguel Senquiz, has announced it is expanding the platform beyond its original scope of hand-picked labels and artists.
The service has moved from its original drip.fm address to drip.com and is now invinting any creative to apply for a profile (called a drip). To help support this expansion they have raised $1.5 million in funding with help from Expa.
Since its beginnings in 2012, Drip has grown to include offerings from Mad Decent, Skrillex’s OWSLA, Stones Throw, Ninja Tune, Domino Records and more. Last year it began to offer artist-focused drips with King Britt and Christopher Willits among the first to test the water.
Creators set a monthly price for their drip and users can subscribe to as many feeds as they want. Drip’s approach is essentially an update of the fan clubs of old. A catalogue of releases can be unlocked the longer a fan stays subscribed and the content on offer is not limited to music but also includes events, videos, stems and more.
It mirrors other sites such as Patreon as well as Bandcamp, which rolled out a similar feature last year where artists can charge a flat fee for fans to receive a steady stream of content.
Artists interested in joining Drip should visit the How It Works page.