Stockholm, 06 February 2025: Chapter Two — the Swedish music technology company formerly known as Anotherblock — has facilitated the sales of songwriter shares of music rights from two landmark, globally recognised tracks: one from Lil Nas X and another from K-Pop global sensations BTS, totalling over $6M.
The deals are the latest in a string of million-dollar transactions for Chapter Two. Leveraging its proprietary technology, the company managed the acquisition of songwriter shares of rights from award-winning tracks by Lil Nas X and BTS.
Backed by industry figures including Swedish House Mafia's Axwell, King founder Sebastian Knutsson, and London-based Stride VC, Chapter Two is building new infrastructure for how music rights are valued, transacted, and understood. Beyond matching buyers and sellers, the company creates and deploys proprietary technology that challenges the status quo in the music acquisitions space.
Chapter Two founders Filip Strömsten, Michel Traore and Ida Brink.
The deals were facilitated by the company's Royalty Engine, which streamlines the music rights acquisition process by normalising disparate royalty data formats and enriching them with external data and statistical models for quicker, more accurate valuations. The technology also includes predictive royalty modelling to forecast a catalog's future earnings.
Chapter Two's infrastructure ensures rightsholders and investors refer to the same source of truth and are empowered to make informed decisions. It provides assurance and confidence for rightsholders and sellers, with the knowledge that the financial figures presented to them are accurate and trustworthy — creating a more efficient, stable, and equitable market for the buying and selling of music rights.
About Chapter Two
Chapter Two is a Swedish music technology company founded in 2021 by Filip Strömsten, Michel D. Traore, and Ida Brink. Previously known as Anotherblock, and backed by industry figures including Swedish House Mafia's Axwell, King founder Sebastian Knutsson, and London-based Stride VC, Chapter Two is building new infrastructure that will reshape the way music rights are transacted, valued, and understood in the music industry. Its proprietary Royalty Engine normalises and enriches financial data and forecasts future earnings through predictive royalty modelling, making catalog transactions quicker and more reliable for all parties.
For further details on Chapter Two, please contact chaptertwo@mhpgroup.com.