Revenue-sharing software Aslice announces its closure

Aslice, the revenue-sharing platform and community started by DVS1 in 2022, has announced its closure today after four years of operation.

In a series of posts across its Instagram, as well as a report on the closure itself, Aslice thanked its many members for helping in demonstrating that "a better future is possible through collective action."

Aslice shook the dance indusry when it was launched in 2022, as it hoped to change the distance between producers and the DJs who play their music. It was a donation-based system, where performing artists signed up to the service, pledged a percentage of their fee, and this would then go to the producers whose tracks they played who were also on the system.

Now looking back, Aslice has confirmed that 29% of music producers they surveyed received the first ever payment for their music through Aslice, and 60% of producers surveyed earned more from Aslice than all their other music income combined.

In the two years the service was active, it assisted in the sharing of $422,000USD of DJs earnings with more than 27,000 music producers around the world.

This success was not enough however, with the accompanying report very transparently showing that the annual costs to keep Aslice running sat at around $250,000USD, while the platform made only $63,000USD.

Read Aslice's full statement via its Instagram below, as well as the full report via its website.