Ingrooves Founder Robb McDaniels Launches Faction Entertainment
February 2, 2016 at 12:30 PM (PT)
INGROOVES Founder and former CEO ROBB McDANIELS has launched FACTION ENTERTAINMENT, a technology-driven management services company featuring six founding management partners, led by REGIME MANAGEMENT's KEVIN ZINGER and IVORY DANIEL (EVERLAST, DILATED PEOPLES, MADCHILD, COMMON KINGS).
FACTION is being postioned as the "first truly scalable management services company" to deliver a combination of "proprietary technology, centralized infrastructure and services and collaborative culture." Joining ZINGER and DANIEL as launch Management Partners are THE INITIATIVE GROUP's KINO CHILDREY, PAUL STEPANEK MANAGEMENT's PAUL STEPANEK, MLF MANAGEMENT's MARC FRIEDENBERG, ELLIPTIC ARTIST MANAGEMENT's BRIAN ROSS and AXSTER BINGHAM CO.'s ANNA AXSTER. Additional management partners will be joining in the coming months.
Commented McDANIELS: "Artist managers, and talent managers more broadly, are the CEOs for their creative clients but have been lacking the tools and collaborative culture to operate effectively. FACTION is the first management company to provide managers with a suite of technology tools, services and partners to help them operate their businesses more efficiently and transparently, and all for a fraction of the cost of doing it on their own or joining a larger management company and giving away up to 50% of their income. The fact that our management partners will also own a substantial equity stake in FACTION is just icing on the cake."
FACTION is in the midst of developing a proprietary communication and information exchange platform for managers that will enable them to manage their myriad of artist partners and relationships in a much more fluid and automated environment in Q2 2016. Faction will also be providing a suite of centralized services to its management partners, including: digital marketing and social media, tour marketing, business operations, accounting, HR and an idea incubator to help managers and artists develop and commercialize new brands and products.
Commented ZINGER: "I know so many managers who have been feeling like there had to be a better way to build a more collaborative, forward-thinking management company that could help all of us evolve with the new realities of today's music business."
Added DANIEL: "FACTION is the first business model we have seen that combines technology, services and ownership together to create a culture and platform that can actually make a difference in our daily lives."
Said CHILDREY: "ROBB disrupted music distribution when he launched INGROOVES in 2002 and put every independent label and artist on a level playing field with the largest label in the world. When I heard that he was tackling the archaic world of artist management I knew I had to join the show and see what was possible -- there are simply no limits to what we can do together."
FACTION's management partners work with some of today's best acts including RYAN BINGHAM, JAMESTOWN REVIVAL, ROYCE DA 5'9", SICK PUPPIES, BLACKALICIOUS, TREVOR HALL, SLAUGHTERHOUSE and PONCHO SANCHEZ. FACTION also has an expanding list of preferred partner commercial arrangements with some of the best technology and music companies in the world, including: ATVENU, CO5 MUSIC, SONGSPACE, KILLLYNX, SPIN MOVE NETWORK, DISTROKID and WESTLAKE RECORDING STUDIOS.
FACTION charges managers a share of their commissions for the services it provides, raising its initial capital from a group of angel investors, including various music industry executives, MANATT VENTURE FUND and TECHINVEST. FACTION is based in LOS ANGELES and has plans to open offices in NEW YORK and LONDON later this year.
For more information go to www.factionmgmt.com.