(Hypebot) Sound Royalties is offering artists stuck without payment from PledgeMusic royalty advances at 4%. The music-focused finance firm is committing up to $3 million to affected musicians.
“We care about the impact these issues have had on creatives,” said Sound Royalties Founder and CEO Alex Heiche. “Numerous hard-working bands and artists have not seen the money promised to them, and they may never see it. As advocates for musician rights, we could not sit idly by; we needed to help these creatives.”
With $3 million set aside for qualifying musicians, Sound Royalties is offering royalty advances at 4% for one year. All royalty advances let creatives keep their copyrights and allow for overflow income.
Creatives who have recently reported problems with PledgeMusic include electro-industrial band ohGr, rock group Fastball, instrumental world music band Incendio, folk-rock duo HuDost, Canadian rapper illvibe, singer-songwriters Amanda Duncan, Mike Evin, Mick Thomas, Joanna Wallfisch and dozens of others.
Music professionals impacted by issues at PledgeMusic are encouraged to contact Sound Royalties today at 1-844-4ALL-MUSIC or firstname.lastname@example.org.