Royalty Advances range from $1,000 to $1,000,000
VerseOne Distribution has partnered with chordCashAI™ to offer advances to independent musicians.
Advances offered through this partnership ranges from $1,000 to as much as $1 million per artist depending on contract duration, catalog size, and number of new releases distributed within the contract term. This doesn’t include performance royalties and royalties from physical sales of merch, touring or physical CDs, Vinyl or tapes.
A royalty Advance is not a loan and a no credit check or credit score is required. The only required leverage is your predicted music royalties and you can choose how much you want to keep and how much goes to recoupement.
What is Mechanical royalties advance
VerseOne Switch is designed to empower artists, and independent labels and to provide additional capital to fund their creative geniuses.
The mechanical royalties advance is based on mechanical royalties, which are digital music royalties paid to artists from streaming and downloads platforms. Artificial intelligence harvests and processes multiple data points from streaming and downloads stores, music libraries, and music analytics platforms, thereby providing the most up-to-date predictive data with 97% accuracy. This drastically speeds up decision making time, resulting in a turnaround time of 7 days or less.
Who qualifies for an advance?
VerseOne provides advances to artists who want to be truly independent and prefer to keep ownership of their copyrights.
Artists who require an upfront payment of their mechanical royalties. Most common uses of these funds are music promotion projects, planning touring activities, equipment purchases, recording sessions for future projects etc.
Generally, artists should have access to their music catalog, most recent 6 months royalty statements, and Spotify for artists account as these may be required during the advances estimation process.
Artists may have to migrate their catalog from their existing distributor to VerseOne Distribution to facilitate accurate royalty tracking and recoupment of royalty advances.
What does this mean for you?
- VerseOne isn’t buying your catalog.
- You won’t lose streams or earnings during the catalog migration process.
- You still own your copyrights and retain full control of your releases.
- The advance is just what it is, a financial advance paid out to content owners which will be recouped from your earned monthly royalties.
What is a Royalty Advance?
A royalty advance, otherwise known as royalty financing, is an upfront payment paid up front on account of sums that become due to an artist, producer or royalty participant at a later date independent of a publisher or label paid under the terms of an agreement. To qualify for royalty advances, VerseOne Distribution will analyze your royalty statements and forecast attempt to predict how they will perform in the future. The sum of the advance is derived from that analysis. Royalty financing which isn’t dependent on copyrights ownership but is for a fixed dollar amount for a fixed period of time provides an excellent option for creatives to access cash quickly without losing their creative freedoms.
This process has to be done accurately and smoothly so you don’t lose your stream counts, or playlists, here are a few points to note:
The song titles, artist name and artwork need to be exactly identical
Audio files need to be unchanged. Track length and format need to be unchanged.
Release type needs to be the same as well (album, EP, single)
You must use the original ISRC and UPC numbers (more on this in a moment)
You must use the original release date
You want to take down the previous release only AFTER the new one is live on the DSPs (Spotify, Apple Music, etc). there may be an overlap for a few days and, that wouldn’t be a problem.
After about 5 days after the new upload went online. During this time there shouldn’t be a song and album overlap as the system will recognize the album(s) being duplicate and only show them on your artist page once.
on Spotify, Check that track linking was successful. This is actually quite simple. Just go onto your artist page in the Spotify client and check if the album(s) are there twice. If they are it didn’t work. Please contact us at this point so we can get in touch with Spotify or other related DSP.
If you need a consultation or you need to talk to us, please do not hesitate to CONTACT US.