Lyric FinancialUnleashing the potential of music careers through financial empowerment.4.2 out of 5
4.2 out of 5
Funding & Advances
Hot take
Lyric Financial is a financing platform that provides royalty advances to artists, songwriters, producers, record labels, and music publishers. With over $100 million in advances funded and 35,000+ advances issued across 32 countries, Lyric Financial has established itself as a significant player in the music financing space. Their advances allow creators to access their future royalties early, maintaining ownership of their rights and creative control. While the platform offers flexible and artist-friendly terms, some users might be concerned about the potential for extended recoupment periods if the advance isn't fully repaid within the deal term.
How was this take was created?
Pros
Artist-friendly terms with no hidden fees
Maintain ownership of rights and creative control
Flexible advance options with up to 3 years' worth of earnings
Quick payment within 48 hours of approval
Customizable recoupment plans
No personal liability for unrecouped balances
Cons
Potential for extended recoupment periods if advance isn't fully repaid
Minimum earnings requirement of $10,000 in the last 24 months
Key Features
Music Royalty Advances
Flexible recoupment plans
No hidden fees
Maintain ownership of rights and creative control
Quick payment within 48 hours of approval
Customizable advance options
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