What Happened to Songlorious After the Shark Tank Pitch?
What is Songlorious?
Songlorious creates personalized songs for each event or connection. The consumer provides content information for the song, such as what the story is about, who is involved, what the mood and occasion are, and what general genre and voice style they want in their song.
In less than a week, the company may provide a digital or tactile version of an entirely unique song.
You go to the website and select a musical genre (rock, hip hop, country, etc.), song duration, and mood.
There are sections where you may describe your story, who the song is from and for, and what four items must be included in the lyrics.
You have the option of selecting your own artist or allowing Songlorious to do it for you. On their website, all of their artists have bios and samples of their work.
The duration of the song determines the pricing. A 30-second “jingle” is $45; a one-minute song is $90; a two-minute song is $145; and a three-minute song is $195.
It costs an extra $20 to choose your own artist from their roster. The song is made available through a personal website, a streaming service, or a USB stick designed to seem like a cassette tape.
Who is the founder of Songlorious?
During the COVID-19 outbreak, Ellen Hodges and Omayya Atout co-founded Songlorious in a Brooklyn apartment.
Musicians saw how lockdowns were destroying the industry and their earnings and created a method to shift artist income online.
They work with over 150 musicians and have produced over 10,000 recordings so far.
What Happened to Songlorious at the Shark Tank Pitch?
Ellen Hodges and Omayya Atout entered Shark Tank season 7 episode 28 in their quest for $400,000 in exchange for a 10% ownership in their firm. This corresponds to a $4 million valuation.
They assert that their product is a gift that evokes an emotional response. Before launching into a song about the Sharks, the pair discusses their business style.
The first phrase reads, “Kevin O Kevin, your head mimics mine, but that doesn’t mean I don’t think you’re sexy.” They then perform brief songs about each of the Sharks.
After they finish singing, they explain the pricing structure. The firm made $700,000 in 2019 and $1.1 million in 2020. Profits increased by 9%.
Ellen was inspired to write the song after a friend asked her to provide a personal song for her wedding.
They started the firm in their apartment, and when the Covid-19 pandemic hit, things took off, and artists began approaching them for performances.
Their major competitors include solo artists who do the same thing, as well as firms that use song templates and just add a person’s name to the track.
They want the Shark’s money to pay for professional marketing help. Kevin stands forward and approaches Mark, explaining that they will accomplish $2.5 million in 2021.
Peter Jones claims to have worked for a similar organization and feels Songlorious has the potential to be a huge success.
He offers $400,000 in return for 33.3 %. Daymond then makes an offer of $400,000 for a 20% ownership. Following a commercial break, Mark and Kevin make an offer of $400,000 for 25%.
Then Mark announces that he would bring in Peter with a $400,000 proposal for 33.3 % of all three Sharks.
Daymond then offers to join if they make a four-Shark deal for $400,000 and a 40% share. Daymond argues that the African American people appreciates music and that he can profit from this.
Mark then increases his bid to $500,000 for 40%. Ellen and Omayya get together and react with $800,000 for 40%. The Sharks hold firm, and the transaction is ultimately consummated.
What Happened to Songlorious After the Shark Tank Pitch?
The day after the program aired, the company announced that they will now be publishing Hip-Hop recordings, which might be evidence of Daymond’s involvement.
They also want to record songs in other languages, starting with Spanish and Arabic.
On October 26, 2021, the corporation issued a press release stating that things are going well. Revenues are expected to surpass $2.5 million in 2021.
What is the Net Worth of Songlorious?
According to reports, the corporation is worth $1 billion.
Who are the Competitors of Songlorious?
Alternatives and competitors to Songlorious include Instasong, Mereedhun, Songfinch, Romance-outsourced, and Customserenade.
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Songlorious FAQS
How does Songlorious work?
Songlorious is an online tool that allows them to create a customized song from their personal story, images, and ideas in less than a week.
Who came up with the idea for Songlorious?
Ellen Hodges and Omayya Atout co-founded Songlorious in a Brooklyn apartment. Musicians saw how lockdowns were destroying the industry and their earnings and created a method to shift artist income online.
How much does Songlorious cost?
A 30-second “jingle” is $45; a one-minute song is $90; a two-minute song is $145; and a three-minute song is $195. It costs an extra $20 to choose your own artist from their roster.
What Does Songlorious Do?
Songlorious creates personalized songs for each event or connection.
What happens when someone places an order with Songlorious?
Songlorious sends their manager to the person to record their story, images and ideas in a few days. Afterward, Songlorious creates a customized song that is delivered to the customer within a week.
How much was Ellen Hodges and Omayya Atout seeking in the Tank?
Ellen and Omayya wanted $400,000 for 10% in their company.
How much did Ellen Hodges and Omayya Atout raise on the Shark Tank?
Ellen and Omayya received $500,000 for 40% share in the Company from Mark Cuban, Daymond John, Kevin O’Leary and Peter Jones
What happened to Songlorious after the Shark Tank Pitch?
Songlorious announced that they are planning to expand their business model to publishing hip-hop songs in other languages, starting with Spanish and Arabic.
Who are the Competitors of Songlorious?
Alternatives and competitors to Songlorious include Instasong, Mereedhun, Songfinch, Romance-outsourced and Customserenade.
Is Songlorious still in business?
Yes, revenues are expected to surpass $2.5 million in 2021.
What episode was Songlorious aired?
Ellen and Omayya Atout, from the Brooklyn-based company, appeared on the Season 7 Episode 28 of Shark Tank, which aired October 16th, 2021.
What is Songlorious Net worth?
The corporation is said to be worth $1 billion.
