Dj Services Contract Template
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Sound Royalties launches advances for artists and performers seeking tour and production support Sound Royalties launches advances for artists and performers seeking tour and production support US-based finance firm Sound Royalties, which was recently acquired by Cinq Music parent GoDigital in a ‘high eight-figure’ deal, is adding tour financing to its suite of services. US-based finance firm Sound Royalties, which was recently acquired by Cinq Music parent GoDigital in a ‘high eight-figure’ deal, is adding tour financing to its suite of services. Sound Royalties offers royalty advances of anywhere from $5,000 to the tens of millions. Sound Royalties offers royalty advances of anywhere from $5,000 to the tens of millions. It does this by advancing artist, producer and songwriter royalties paid through music labels, distributors, publishers and PROs such as BMI, ASCAP, SESAC, SoundExchange and more. It does this by advancing artist, producer and songwriter royalties paid through music labels, distributors, publishers and PROs such as BMI, ASCAP, SESAC, SoundExchange and more. Now, Sound Royalties will also offer advances for artists and performers seeking tour and production support. Now, Sound Royalties will also offer advances for artists and performers seeking tour and production support. According to Sound Royalties, artists generating more than $5,000 in annual royalty income and or with touring agreements from major promoters can contact the company “to learn more about the program and receive a free analysis and valuation of their royalty earnings”. According to Sound Royalties, artists generating more than $5,000 in annual royalty income and or with touring agreements from major promoters can contact the company “to learn more about the program and receive a free analysis and valuation of their royalty earnings”. Sound Royalties says that the new touring advance program will work similarly to a “typical advance” with the company, but with customizations as it pertains to touring income versus music royalties. Sound Royalties says that the new touring advance program will work similarly to a “typical advance” with the company, but with customizations as it pertains to touring income versus music royalties. Each qualified performer will have the opportunity to access funding based off of their royalty streams or their guaranteed negotiated tour agreement. Each qualified performer will have the opportunity to access funding based off of their royalty streams or their guaranteed negotiated tour agreement. In a media release announcing the expansion into tour financing, Sound Royalties notes that “touring is one of the most lucrative ways for musicians and performing artists to generate revenue and is part of the heart of music culture”. In a media release announcing the expansion into tour financing, Sound Royalties notes that “touring is one of the most lucrative ways for musicians and performing artists to generate revenue and is part of the heart of music culture”. It adds: “In 2019, the touring industry generated gross revenues of $5.55 billion dollars – a stark contrast to the $1.2 billion it generated in 2020 as a result of COVID-19.” It adds: “In 2019, the touring industry generated gross revenues of $5.55 billion dollars – a stark contrast to the $1.2 billion it generated in 2020 as a result of COVID-19.”
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