“We want artists to be able to access their future royalties as simply and quickly as possible, especially during these difficult times.” - O’Neil Omidvar
BEVERLY HILLS, Calif. (PRWEB) December 25, 2020
With venues still closed, tours canceled, and no definite reopening in sight; Royalty Lenders is providing a lifeline to established music creators in need of financing for their businesses and ventures.
Music royalty earners traditionally have to wait throughout the year to receive their music catalogue payments, with no idea of how much is in the pipeline and forthcoming.
For music creators trying to cope during the pandemic or who are looking to leverage on their music rights, this delay and unpredictability could exact a very high cost.
Royalty Lenders new website now has a simplified application process allowing music creators to receive advances based on their future royalties from: PROs such as ASCAP, BMI, and SESAC; music publishers such as UNIVERSAL, WARNER/CHAPPELL, SONY/ATV, and BMG; as well as record labels and distributors.
This program now gives songwriters, producers, artists, publishers, and labels financial predictability and the capability to make plans, invest in their career, and take advantage of financial opportunities they otherwise would not have been able to.
Songwriters, musicians, and artists now just provide Royalty Lenders with basic information including hit songs and past royalty statements. Credit checks are not usually part of the process. Advances are paid back from the future royalties, and multiple advances are possible. Artists maintain full ownership of their music rights.
Buy-out transactions and the purchasing of music catalogues and music royalty assets could also be assisted.
“We want artists to be able to access their future royalties as simply and quickly as possible, especially during these difficult times.” - O’Neil Omidvar, Manager
If you have any questions about this release, please don’t hesitate to get in touch with Royalty Lenders.
Royalty Lenders provides music creators and musicians with immediate access to their future royalties.