California-based, Boomy, was launched at the end of 2018, and claims its users around the world have now created almost five million songs. The Boomy website and app even allows people to submit their tracks to be listed on Spotify and other music streaming sites, and to earn money every time they get played. While Boomy owns the copyright to each recording, and receives the funds in the first instance, the company says it passes on 80% of the streaming royalties to the person who created the song. [CEO Alex Mitchell] adds that more than 10,000 of its users have published over 100,000 songs in total on various streaming services.
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