In a industry as fast moving as the music business, it’s difficult to keep track of changes to royalty advances. Here, we look at six inaccurate myths surrounding royalty advances, of which every creative should be aware.
Guest post by Alex Heiche of Sound Royalties
When we launched Sound Royalties in 2014, our goal was to create a company that fundamentally changed the way royalty advances are structured. Our company set out to offer fair funding for musicians — funding to allow creatives to receive a royalty advance and keep ownership of their copyrights.