A musician, like Codd, can access a snare drum beat, a guitar lick or a vocal hook recorded by someone else, and doesn’t have to share any profits from his song with the creator of the sample. Martocci founded Splice in 2013 with Matt Aimonetti. The company charges its customers a monthly fee for access to a deep library of what’s called royalty-free samples. “Think about all the kids in the public school making music with a recorder.” “A third of the world tries to make music,” Splice Chief Executive Officer Steve Martocci said in a recent interview.
Now, behold, the latest hot commodity in audio. Music software sales have eclipsed $800 million and should reach $1.8 billion by 2027, the firm said. We’ve written about the feeding frenzy for new podcasts. The latest infusion of cash - and the lofty valuation that comes with it - establish Splice as one of the leaders in the booming market for music tools. We’ve written about the hot market for song catalogs. The company has just raised an additional $55 million from investors Goldman Sachs and Music, an investment firm led by music impresario Matt Pincus. Splice has now raised more than $150 million, and investors value the company at close to $500 million. The company specializes in royalty-free samples, which allow people to use drum sounds or flutes from a large library for a monthly fee. Use of Splice has boomed during the pandemic, as people stuck at home experimented with making their own tracks. The boyish-looking Codd is now the poster child for Splice, a New York-based technology company that creates tools and services for musicians. “It’s pretty mad,” Codd said, speaking in front of a wall with platinum and gold discs commemorating his success.
And the 23-year-old did it all without leaving his bedroom in northeast Ireland. for the last seven weeks. Codd has been interviewed on almost every major radio station in his home country, and is now an in-demand producer collaborating with a major U.K. The song has been in the top 10 in both Ireland and the U.K. The resulting song, “Get Out My Head,” gained an immediate following on streaming services when Codd released it in May 2020 and sparked a bidding war among record labels.Ĭodd signed with Polydor, part of Universal Music Group, which then rereleased “Got Out My Head” in September. Codd was in search of a hook to accompany his instrumental creation. That all changed one day last year when Codd was browsing through a selection of vocal samples in a service called Splice. But his songs got lost in the bottomless pit of the internet. He dropped out of college for a year to work on his skills, producing songs and performing at local clubs.
Growing up in County Cavan, Ireland, Shane Codd dreamed of performing at huge nightclubs on the Spanish island of Ibiza, the global epicenter of electronic music.
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