Sound Royalties advances royalty funds whereas permitting artists to retain possession
Rapper Pitbull has partnered with music finance agency Sound Royalties. The firm helps artists advance their careers whereas retaining possession their very own inventive works by advancing royalty funds paid by labels, Sound Exchange, songwriter royalties and efficiency royalties paid by music publishers and Performing Rights Organizations (PROs) comparable to ASCAP, BMI and SESAC, and music streaming royalties from Spotify, Apple Music and YouTube.
“Musicians have to know it’s potential to get their music to followers with out giving up possession,” Pitbull says in a press launch. “Alex and his workforce have developed an revolutionary answer that empowers artists to have extra management of their careers by offering personalized funding options with out sacrificing their copyrights. I imagine that long-term success is as a lot concerning the enterprise as it’s concerning the music, so partnering with Sound Royalties of their mission is a pure.”
Sound Royalties founder Alex Heiche began the corporate in 2014 to defend the rights songwriters, producers and artists, whereas displaying the significance these within the inventive world to be pretty compensated for his or her work whereas retaining their music rights and royalties. The firm additionally fers monitoring and securing a range royalty funds.
“Recognition from a famend artist comparable to Pitbull means a lot to me on each a private and pressional degree,” states Heiche. “I acquired into this enterprise and based Sound Royalties with the mission creating higher funding choices for musicians to reinforce their profession, relatively than siphon away their rights. In addition to his outstanding expertise, I’ve all the time admired Pitbull’s comparable dedication to serving to fellow creatives develop and succeed.”
The firm’s core enterprise is fering royalty advances anyplace from $5,000 to $10 million, with out having to take care of credit score points, whereas preserving all rights to the artist’s music. To date, Sound Royalties, LLC has labored with a variety main music business pressionals, together with Grammy Award winners, platinum recording artists and notable music business executives in each style.