Tony Latham, a music business veteran, has based Royalty Entry Studio (RAS), a platform to supply advances in opposition to future royalty funds to artists and songwriters worldwide.
UK-based RAS mentioned it has secured dedicated capital of at the very least USD $20 million to deploy over the subsequent 12 months.
Latham beforehand served as chief monetary officer at Sensible Music Group and finance director at performer rights group PPL PRS.
He additionally served as vp of investor providers at music tech firm Utopia, specializing in catalog acquisitions and fund monetization methods.
Moreover, Latham serves as a Trustee of UK charity Orchestras Reside, which brings dwell classical music to communities throughout the UK, no matter their background.
Latham’s new challenge guarantees “clear and moral different to conventional royalty financing, with a streamlined utility course of, no credit score checks, and simple documentation.”
Moreover, the corporate operates what it calls a “non-acquisitive” mannequin, that means, in line with the corporate, that “artists and writers retain full possession and management of their rights whereas unlocking capital primarily based on future earnings”.
Tony Latham, Co-Founder and CEO of Royalty Entry Studio, mentioned: “We launched RAS to make royalty advances easy.
“After twenty years in senior roles throughout the music business, I’ve seen how tough it may be for artists and songwriters to entry funding that actually helps their pursuits. We’re right here to help them in a good and clear means. Our mannequin is constructed on belief, flexibility, and readability – with creators on the centre of each deal.”
“After twenty years in senior roles throughout the music business, I’ve seen how tough it may be for artists and songwriters to entry funding that actually helps their pursuits. We’re right here to help them in a good and clear means.”
Tony Latham, Royalty Entry Studio
Latham’s firm targets offers starting from $10,000 to seven-figure quantities, he mentioned.
“We need to be probably the most approachable, versatile companion on this area,” added Latham. “Whether or not it’s a $10,000 top-up or a seven-figure consolidation, we deal with each take care of care. Artists and writers deserve simple entry to their earnings with out pointless complexity or limitations.”
The launch of Latham’s new challenge comes amid the rising music royalty advance market as artists search alternate options to conventional report label financing.
beatBread reported in February that it had paid advances to over 1,300 shoppers on six continents up to now on present catalogs in addition to new and unreleased music. The platform’s funding quantities vary from $1,000 to over $10 million.
Music Enterprise Worldwide
