Songlorious is a custom music business that creates original songs based on stories provided by users.
The company employs professional singers, writers, and composers to help craft personalized music. Anyone can create a song through Songlorious tailored to their unique narrative.
To get started, users select the genre, artist, and their story. The music is then composed according to this information, and a music file is provided within a few weeks.
Pricing varies based on the length and number of lines in the lyrics. For instance, it charges $180 for 16 to 24 lines of lyrics and $250 for 24 to 36 lines. The final product is delivered in various formats, including download links, USB drives, and streaming platforms.
Currently, Songlorious offers its personalized song services on freelance platforms like Fiverr.
| Company Name | Songlorious |
| Founder | Ellen Atout and Omayya Atout |
| Founded | 2020 |
| Product | Create a personalized song |
| Asked For | $400k for 10% equity |
| Final Deal | $500k for 40% equity |
| Shark | Peter Jones, Kevin O’Leary, Daymond John, Mark Cuban |
| Episode (Shark Tank USA) | S13 E2 |
| Air Date | Oct 15, 2021 |
| Business Status | In Business |
| Net Worth | $2 Million *estimated |
| Website | Visit Website |
| Headquarters | Brooklyn, New York, US |
| Go To Amazon | Buy Now |
Another Shark Tank Pitch
Who Is The Founder Of Songlorious?
The founder and CEO of Songlorious is Omayya Atout, a civil engineer. His co-founder and Chief Artist Manager is Ellen Atout, who exclusively manages the artists and hires singer-songwriters across all genres.
Omayya earned a Bachelor of Science in Civil Engineering, with a minor in Mechanical Engineering, from The University of Alabama. He worked as a Track Supervisor II at Norfolk Southern Corporation for five years and also served as a manager at Amtrak for one year.
Ellen worked as a barista at Starbucks while pursuing her Bachelor of Arts in History at the University of Miami. Additionally, she spent ten months as a barista at Blue Bottle Coffee.
How Was The Shark Tank Pitch Of Songlorious?
Omayya and Ellen entered Shark Tank with their business, Songlorious, seeking $400,000 for 10% equity at a $4 million valuation. They shared their business story and explained how the company operates.
For each song, Songlorious pays music artists between 35% and 55% of the sale price, with the average tip being $51. In 2020, they generated $700,000 in revenue, and as of 2021, their earnings have reached $1.1 million, resulting in a profit margin of 9%.
The idea for this business originated with Ellen, who was asked by friends to write a personal song for a wedding. They came to Shark Tank seeking funding for professional marketing.
The entrepreneurs projected that they would make $2.1 million in 2021. Peter Jones expressed interest, noting he was involved in a similar business and could help make Songlorious bigger. He offered $400,000 for 33.3% equity. Daymond John also showed interest, proposing $400,000 for 20% equity.
Mark, along with Peter and Kevin, made a joint offer of $400,000 for 33% equity. Daymond stated that if he were to join, the four sharks would offer $400,000 for 40% equity.
In response, the entrepreneurs countered with an offer of $800,000 for 40% equity, but the sharks declined. Ultimately, Omayya and Ellen accepted the sharks’ original offer.
Finalize: Peter Jones, Kevin O’Leary, Daymond John, and Mark Cuban invested $450K in Songlorious for 40% equity.
What Happened To Songlorious After Shark Tank?
Four sharks signed a deal with Songlorious, stating that they would help grow the business in various fields. Mark will exclusively manage the technology aspect, while Daymond will focus on expanding the company within the African-American community.
The personalized song concept was well-received on Shark Tank, as it offers a unique way for people to tell their stories through music. Given the popularity of music, many individuals are likely to embrace this innovative idea.
Before appearing on Shark Tank, the platform featured around 100 artists. By October 2, 2022, this number had increased to over 211 artists, with their music published on streaming platforms like YouTube and Spotify.
Most people have described this business concept as valuable, praising its ability to create personalized music. Positive responses have been shared on Twitter, highlighting the engagement the company received after appearing on Shark Tank.
On August 8, 2022, the Today Show featured music created by Songlorious. By the end of 2021, the company had raised $500,000 from shark investments.
After the Shark Tank episode aired, Songlorious announced the addition of hip-hop artists to their platform, further enhancing their appeal.
They also plan to produce songs in other languages, initially targeting Spanish and Arabic.
We estimate that in 2021, their sales will reach around $2.5 million. For 2022, projections suggest sales could be approximately $2.8 million.
We’ll continue to follow Ellen Atout and Omayya Atout, along with their company, for further updates.
What Is Songlorious Net Worth?
The entrepreneur sought an investment from the sharks at a valuation of $4 million; however, the deal was signed at a valuation of only $1 million.
Based on this information, we estimate that Songlorious’s current net worth is approximately $2 million. Hopefully, the sharks will help grow this business further.
Yes, Songlorious is still in business as of October 2022.
