The startup HYPH is all set to introduce a brand-new application to the market. The app will help people create and remix their music with the ease of their mobile phones.
What Is HYPH About?
Well, HYPH is the dream application of every content creator out there. It lets people come up with their own freshly-brewed songs by using existing music templates and adding various instrumental sounds to them. You can use this application to include guitar, drums, bass, or even piano to a piece of basic music available in its library.
Introduce Your Final Piece to the World
With the help of HYPH, not only can you bring music to your imagination but you can also add a backdrop picture or video and share your final product with the world. In addition to putting it up on your various social media platforms, you can also introduce your creation to the HYPH community. Users can access each other’s songs, make new edits to them, and publish them on social media.
The aim behind introducing this new application is simple. Founders Max Renard, Anthony Kennedy Shriver, and Alexander Dessauer wanted to create something for musicians so that they don’t require a whole studio or setup every time they want to record. The announcement about the launch read that this application will do what cameras in our phones did for photography. In addition to that, the company also wants creators to make money while having fun. The people at HYPH understand how important it is for Gen-Z creators to share their work with their friends and HYPH is the answer to all those needs. In fact, private investors are already going crazy about the idea and the app has successfully raised seed funding of $26 million.
Recently, the focus of regular exercise practices has shifted from physical gyms to virtual classes. That’s why, with their tech-smart domestic products and online streaming class facilities, Peloton experienced a height of success during 2020’s trying months. This has made the recent crash of the popular connected fitness company more jarring, when John Foley, the co-founder and CEO, stepped down in February this year.
The Company Shakeup
Foley’s resignation from the post of CEO occurred amid a major shakeup in the company, including several C-level hires and a 2800-person layoff. With executive post experiences of Netflix and Spotify on his resume, Barry McCarthy stepped into Foley’s shoes, and as the new Peloton CEO, promptly appointed several new members to the existing executive team. He has aimed to tighten the company’s belt to stem the bleeding economic scenario.
The Enactment Planning
According to a recent official announcement, Foley has resigned from Peloton altogether, alongside the Chief Legal Officer and fellow founder Hisao Kushi. Foley’s resignation went into effect on September 13. Kushi’s official stepping down is planned for October third. Kushi will be replaced by Tammy Albarran, who will also take the additional charge of Corporate Secretary of the company. She has been serving the roles of the Deputy Corporate Secretary and Chief Deputy General Counsel of Uber till now.
Statement of Barry McCarthy
In his official accepting statement, McCarthy offered his gratitude to both Hisao and John for their passion, dedication, and shared vision for Peloton. Recognizing the duo’s hard work, he said that they had given the world an empowering platform in the form of the connected fitness industry, encouraging millions to become the best versions of themselves. He further expressed that the company will remain indebted to both John and Hisao for their countless contributions.
Statement of John Foley
Foley’s official statement of bidding goodbye to Peloton focused on his good times in the company, referencing his belief and loyalty to it. He shared his joy and pride over the global success the company had achieved through the years. Reflecting on that journey, he praised the Peloton employees for their talent, creativity, dedication, and hard work. He reminded them that the company was founded with a central goal of making wellness and fitness fun, effective, and convenient. Though he is now to start a new professional chapter, Foley assured that he will remain a lifelong loyal Peloton customer and a passionate advocate for the company’s mission.