PR96834

REYKJAVIK, Iceland, July 1, 2022 /PRNewswire=KYODO JBN/--

Gabriel Jagger's media company Whynow invests in Overtune joining an already

impressive list of investors.

In recent days Overtune closed its $2M seed round having partnered up with Gabe

Jagger's Whynow media.

"I am thrilled to have Gabriel and the whynow team on board at Overtune. In a

few short weeks they have impressed me with their agility and startup mindset."

said Sigurdur Arnason, Co - Founder & CEO at Overtune.

Overtune, is an incredibly intuitive mobile app that allows anyone with a

smartphone and even the most basic level of musical proficiency to arrange

beats, record vocals and share content to their socials. Overtune provides

content that is accessible to people that don't know how to create or produce

music, whilst retaining the quality of content associated with some of the most

successful music producers in the world. Content is created by arranging music

in a loop-based system and adding voice and video on top.

Overtune's shareholders include Charles Huang (founder of the iconic gaming

franchise, Guitar Hero) and Nick Gatfield (former CEO and chairman of Sony

Music UK). Overtune was founded in 2020 by Sigurdur Arnason, Jason Dadi

Gudjonsson and Petur Eggerz Petursson, and has grown significantly since its

inception. Overtune acknowledges that when it comes to music, the creative

process can often be elitist and exclusionary.

"Traditional music apps and composition programs have been accessible only to

individuals with extensive technical and musical expertise, locking many out of

the content creation economy." said Petur Eggerz Petursson, Co - Founder.

To date, major platforms such as TikTok and Instagram do not offer the option

to create music to compliment users' social media content. Rather than relying

on pre-existing music and thus outsourcing the creative process, Overtune

provides users with the tools to make their own musical content. Content is

created by arranging music in a loop-based system and adding voice and video on

top.

"Virality on Social media is powerful, yet unpredictable. With the increase of

TikTok and Instagram Reels content the modern media format has changed.

Overtune is made to fit the needs of the creative social media users who want

to be able to create content on the fly - giving users a tool that allows them

to project their own identity through sound rather than relying on pre-existing

songs when making content." said Jason Dadi Gudjonsson, Co - Founder.

Contact: Sigurdur Asgeir Arnason, Telephone +354 695 190, Email:

siggi@overtune.com

Photo - https://mma.prnewswire.com/media/1851520/Overtune.jpg

Logo - https://mma.prnewswire.com/media/1851519/Overtune_Logo.jpg

SOURCE: Overtune