Artist-friendly finance experts Sound Royalties is pioneering a new way for musicians – do-it-yourself, indie and major label artists – to finance their tasks.
CEO, Alex Heiche, founded Sound Royalties in 2014 with the undertaking of supplying creatives with running capital backed with the aid of their royalty earnings…..
With out placing their copyrights at hazard.
How does it work?
Sound Royalties provides Funding based entirely on the artist’s music and and royalty streams, not the individual.
Also, by no means does Sound Royalties buy or assumes ownership of a patron’s copyrights, even in default.
Heiche explains, “We offer an alternative to traditional banking solutions without the need for personal financial statements or tax returns.”
“Banks can be constrained by banking regulations that can prohibit them from funding these types of transactions. Sound Royalties strives to be as flexible as possible and build each transaction to fit our customers’ unique needs.”
Alex Heiche, CEO and Founder of Sound Royalties, Inc.
Sound Royalties makes use of dynamic pricing primarily based on an analysis of future royalty profits to provide advances between $5,000 to large ticket sums of $10 million.
How are songs evaluated for funding?
Songs are evaluated on five criteria:
- The track’s age and profits-producing history;
- The earnings source (e.g. ASCAP, BMI, SESAC and others);
- The royalty type (whether publishing or recording copyrights, conventional or streaming);
- The componenets of the catalog (whether a single or compilation of many songs; and genre). This is key as certain genres and categories have a longer “shelf life” than others.
- Lastly, the length of the deal is factored in. The artist then selects from a variety of custom designed alternatives.
What artists are using Sound Royalties?
Major label and established artists like Pitbull, Lil Wayne and Brenda K. Starr have used Sound Royalties.
In addition, up-and-coming artists like New Jersey-based rapper, Mesa and acclaimed soundtrack composer, Adonis Tsilimparis have engaged Sound Royalties.
Mesa has used Sound Royalties on three separate occasions.
He has put the funding received towards new tracks, video production and income building investments.
Mesa reaped rewards from just his first use of Sound Royalties as his streaming numbers ascended into the millions accordingly.
Composer, Tsilimparis, has used funding to alleviate debt, purchase new equipment and lease an orchestra to perform a movie score.
He reasoned that the costs to secure a taelented orchestra can be enormous.
However, using the funding of Sound Royalties, his use of a higher grade orchestra “saved the film”.
So hey! Evaluate your own music portfolio and decide if this may be a route for you to go.
If your music meets the criteria outlined, why not give it a shot as additional funding could provide your career a tremendous boost.
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