Home Featured Top Slider Sound Royalties Announces $100 Million Investment in Advances for Songwriters Over 24...

Sound Royalties Announces $100 Million Investment in Advances for Songwriters Over 24 Months: Exclusive

601
0
SHARE
Photo via Pixabay on pexels.com under the Creative Commons License

Billboard reports: “Last July, songwriter Priscilla Renea, who has co-written hits for Mariah Carey, Fifth Harmony, Madonna and Pitbull — including his 2013 No. 1 Hot 100 hit ‘Timber’ — found herself in a tough spot. Recently married, in the midst of remodeling her home and with the constant pressures that come with needing to come up with another hit to keep money coming in, Renea felt trapped behind the scenes, unable to stake her claim as a recording artist in her own right. Renea’s mother was contacted by Sound Royalties, a company started by investor Alex Heiche in 2014 which specializes in providing advances on future royalties for songwriters and musicians who often resort to selling parts of their publishing or songwriting rights to earn short-term cash in exchange for long-term profits, thus surrendering financial control of their creative work.”

Read more