Following recent reports of music crowdfunding site PledgeMusic missing vital payments to artists, Sound Royalties is stepping in to help the creatives who have been left without the funding they had anticipated. The music-focused specialty finance firm has announced that it is committing $3 million to help fund the creative projects of the musicians affected.

“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 its signature royalty advances at an extremely low interest rate of 4% for one year. In keeping with Sound Royalties’ core values, 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 info@soundroyalties.com to see how its team of Royalty Specialists can help them continue their creative projects with capital designed to protect their copyrights.

Music finance company Sound Royaltiesis proud to announce today a strategic alliance with major Latin market distributor GLAD Empire. This new relationship will help to continue fostering indie artists’ careers. Through Sound Royalties’ innovative funding solutions, indie artists now have the freedom to maintain their independent careers, retain ownership of their content, and receive cash advances to create new videos and promote their product. 

GLAD Empire focuses on digital distribution and monetization of content for creators on platforms such as Spotify, Apple Music, Deezer, Google Play, YouTube, SoundCloud, among others specializing in the Latin market. 

“With talent, you can achieve great things. But with talent and finance, one can move mountains,” said President of GLAD Empire, Camille Soto. “At GLAD, we have an exclusive artist roster to which we provide services including distribution and promotion. Working with Sound Royalties to fund artists will benefit the artists directly and the entire urban Latin culture.” 

CEO and founder of Sound Royalties, Alex Heiche, added: “We are very excited about this new relationship with GLAD Empire. Extending the reach of our services through like-minded institutions such as GLAD, helps us reach more creatives looking for flexible funding options that help them advance their career and retain full ownership of their works.”

West Palm Beach, FL – DATE – Sound Royalties, an industry-leading finance firm for music creatives, is commending the official passage of the transformative and much-needed Music Modernization Act. The bill, which contains sweeping changes to long-outdated copyright laws, was signed into law by President Trump earlier today, after unanimously passing the House of Representatives last month and receiving previous approval from the Senate.

In response to the news, Sound Royalties issued the following statement from its Founder and CEO Alex Heiche:

“For years, music professionals have been stuck in an archaic, broken system that made it extremely difficult for music services to locate and pay creatives. This should never happen in any industry, especially not one as centric to our lives as music.

“But today’s landmark passage of the Music Modernization Act is an enormous step in the right direction to correct this wrong and ensure that creatives are fairly compensated for their work. This was a long-awaited and hard-fought victory, and Sound Royalties salutes all those who battled tirelessly to make this dream a reality.

“The passage of the Music Modernization Act today marks a historic win for songwriters, music publishers, artists, record labels, producers, streaming services and the entire industry that services them.

“Music is intrinsic to every part of our lives, and this law will help ensure that the music can play on by creating a path to fair compensation for the creatives behind the songs we all know and love, both the classics recorded before 1972 and the new.”

Renamed the “Orrin G. Hatch-Bob Goodlatte Music Modernization Act” in honor of Senator Orrin G. Hatch and House Judiciary Chairman Bob Goodlatte, who were both instrumental in its passage, the final bill combined three pieces of legislation:

• The original MMA of 2018, which will update royalties and licensing for the current age of streaming by creating a blanket mechanical license and a collective entity to administer it. 
• The CLASSICS Act (Compensating Legacy Artists for their Songs, Service, & Important Contributions to Society Act), which will ensure that creatives receive royalties from digital and satellite radio for songs recorded before 1972. 
• The AMP Act (Allocation for Music Producers Act), which creates a way for producers and engineers to collect royalties from SoundExchange for works used on satellite and online radio services.

 As an outspoken advocate for musicians’ rights, Sound Royalties has been a strong supporter of the Music Modernization Act since its inception, and would like to thank everyone who played an instrumental role in bringing this legislation into law: David Israelite and Bart Herbison of the NMPA, Steve Bogard of the NSAI, Mitch Glazier and Cary Sherman of the RIAA, ASCAP, BMI, SESAC, NAB, SONA, DiMA, the Internet Association, and all members of the creative community.

Leading music-industry finance firm Sound Royalties today announced that it is currently working with chart-topping rapper Lil Wayne to help him launch a diverse array of new projects for 2018.

“Nothing is going to hold back my creativity this year,” said Lil Wayne, who in addition to his own productions, often works with fellow popular rappers Drake and Nicki Minaj. “I am very excited to be teaming up with Sound Royalties to help bring my plans for 2018 to life. Sound Royalties understands the music world and is helping me utilize my past successes to fund and propel new projects and to continue creatively evolving.”

Backed by over $18 billion in assets under management, Sound Royalties provides fresh, new financing strategies to assist artists with funding personal and professional projects. Delivering the most artist-friendly solutions, deals with Sound Royalties leave full rights to copyrights and catalogs with the music professionals.

“Sound Royalties’ mission is to make the lives of music professionals easier, rather than more complicated as is much too common in the industry,” said Sound Royalties Founder and CEO Alex Heiche. “Our team provides artists, songwriters and producers with what they need to focus on the music and keep creating the songs that lift us all up and make our lives better. We are thrilled to be working with Lil Wayne and look forward to witnessing the continued musical excellence he will deliver in 2018.”

Music professionals who would like to learn more about Sound Royalties and potential opportunities to work with the company, should call 888-937-3224 or visit Sound Royalties.