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About P.M.R | ||
| (Seattle, WA) – Founded in early 2010, ProMusic Royalties is a privately held, non-institutional funding organization created, staffed, and run by professionals with backgrounds in the financial and musical fields. | ||
| Our main goal is to help solve the often urgent monetary needs of recording artists, songwriters, actors, composers, directors, and entertainment industry professionals by providing them with advances or buyouts for their future royalty or residual payments. | ||
| At P.M.R we know the importance as well as the costs of promoting concerts, touring nationally, and recording albums. We also know that top-dollar gigs are often few and far between, and the term "starving artist" is more than just a colorful expression. | ||
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| ProMusic is happy to announce we've added the Harold Adamson catalog to our success list! | ||
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| He wrote songs that appeared in such classic films as "Around the World in 80 Days" (which won the Oscar for Best Picture), "Gentleman Prefer Blondes" (w/ Marilyn Monroe) and "An Affair To Remember."
His music catalog also features many classic songs recorded by some of the world's most famous crooners of their time. Including Frank Sinatra, Bing Crosby, Nat "King" Cole, and the unforgettable Billie Holiday. During the course of his lifetime (1906 - 1980) Harold Adamson received a total of 5 Academy Award nominations for Film Lyrics and was finally inducted into the National Songwriter Hall of Fame in 1972. |
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F.A.Q |
Q: Is ProMusic Royalties a start-up, angel, or venture capital company?  Have A Question That We Didn't Answer? Click Here! Q: Do you only offer cash advances on music, movie, and song royalties? Feel free to contact us if you're currently receiving other types of royalty payments that you would like to explore getting a cash advance on. Q: Will I ever lose ownership of my royalties, copyrights, or works? Q: How quickly can I expect to receive my royalty advance? Q: Will I have to pay an application or processing fee? Q: Do I need to have a good credit history to get an advance? Q: Do you buy mechanical rights? 1) there is significant performance or synch income as well; Q: Do I need to live in the United States? Q: How will you determine the size of my advance? Q: How much of my royalty income can I borrow against? Q: What type of documentation is needed? Q: Do I have to completely pay back my advance before I can request another one? Q: Do you cash out or buyout royalties? Q: Do you pay referral fees? Q: Can I pay off my advance without a pre-payment penalty? Q: Are there any limits on how much you advance? Q: Can I sell half of a future royalty, or do I have to sell all of it? Q: Will I have to pay taxes on my advance? Q: I'm having problems with some of my creditors. Can you write me a letter on company stationary that I can show them that says you are giving me an advance? Q: How do I get started? |
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Quick Answers |
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♫ Are You A Bank?
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What We Do | ||||||||||||||||
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From the very beginning our mission has always been to help free up capital for musicians and other royalty earners who want to exchange a fixed number of their future royalty payments for a lump-sum advance without having to relinquish their rights. Over the years we've helped artists, or in some cases their families, raise funds for everything from starting a new business venture to locating new digs after their home was destroyed by fire or a flood. And with our highly skilled workforce in tow and more than $100 million in assets available to fund royalty advances, P.M.R anticipates many opportunities to help other royalty earners achieve their financial goals.
Best of all you will always maintain complete and full ownership of your copyrighted materials throughout the entire transaction.
How Do I Start? P.M.R's application process is fast, easy, and straightforward. To begin you can either e-mail us or you can use our online form.
Please note that ProMusic Royalties will never take over the ownership of any copyrighted material unless the beneficiary specifically asks for a full buyout.
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Your Privacy |
| We always respect your privacy. The information we collect is held in the strictest confidence and is used for internal review only. It will never be shared with any other organizations for commercial purposes. We never retain your personal information either online or offline after our business dealings are concluded. |
| We recognize the importance of protecting your personal information. We collect information about you to communicate with you, to process your requests for services, and to inform you about other financial options that may be of interest to you. |
| Except as explained here in our Privacy Policy, we do not sell non-public personal information about current or former clients, nor do we share this type of information with anyone other than our business associates. The examples in this Privacy Policy are illustrative only and are not intended to be exclusive. |
| Q: "What kinds of information do you collect about your clients?" |
| A: During the royalty transfer process we may obtain, as it becomes required, information about our clients such as their legal name, street address, phone number, e-mail, birth date, social security number, driver's license, and if they currently have any outstanding judgments or unpaid liens that must be paid off. |
| Most of this information is obtained via our online application forms and by telephone conversations conducted during the application phase. |
| Q: "What do you do with the personal information that you collected?" |
| A: We review all of the information collected so that we may determine if our services can be of any help to the client's particular situation. |
| After our correspondence is concluded, we will delete all of the client's personal information from our database to help maintain their personal privacy and their security. |
| Information Sharing and Disclosure: ProMusic Royalty does not rent, sell, or share any of our client's personal information with other people or non-affiliated companies except to provide the services that they have requested. |
| Our Former Clients: We treat information about our former clients in the same manner as we treat information about our current clients. |
| Confidentiality And Security: We restrict all access to non-public, personal information about our clients to only those employees who need to know such information in order for them to help the client obtain the services that they have previously requested from us. |
| Maintaining the accuracy of client information is a shared responsibility. We maintain the integrity of the information they provide to us and will update their records when they notify us of a change. All clients should contact us immediately when information concerning them changes. |
| Updates To Our Privacy Policy: We reserve the right to update this policy as needed. The information sharing practices described herein are all in accordance with State and Federal laws, and in accordance with same:
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Song Glossary |
| Buyout Music: This term also applies to "royalty free" music. The buyer pays a single fee only once for the right to use the music for an unlimited number of times. This type of arrangement is commonly used for TV and radio commercials, introductions to frequently aired shows, and ad jingles. |
| This agreement allows the buyer to use the music as often as needed without having to consider paying royalties or fees to the composer per performance. Even though the buyer has the right to use the music, the buyer does not own the music. |
| Cleared Rights Music: This means that someone has paid for and has received the right / permission from the copyright holder to use a particular piece of music for a specific purpose. For example, they can now use the song in a commercial, or a movie, or a TV show, etc. |
| Copyright Free Music: "Copyright Free" music is an erroneous phrase commonly used to denote "royalty free" music. The reason why this term is incorrect is because all music is automatically owned and copyrighted by its composer for life, even if it has not been officially registered. |
| Even if a piece of music is classed as "public domain", there can still be copyrights on a particular recording or a particular performance which is totally separate from the composer’s copyright. |
| Copyright: This refers to a set of exclusive rights granted to authors and creators of original works which prohibits any unauthorized usage of their music or composition. Copyrighted material cannot be distributed publicly unless royalties are paid to the copyright holder, and failure to pay compensation can result in very stiff fines. |
| Copyright usually runs for 75-95 years from the time the copyright was first secured, during that period the copyright owner has the exclusive statutory right to exercise control over how the works are used. After that time period the work is said to be in the public domain and it may be used freely. |
| Knock Off: A song that sounds very similar to a popular or well known song but without being close enough to infringe on the copyright of the original. Knockoffs are usually commissioned for commercial usage so as to avoid paying the much higher fees that would be incurred if the original song was used. |
| If done incorrectly the composer of the knock off can be charged with infringement, as in the well publicized "Ghostbusters / Huey Lewis" copyright lawsuit from the 1980s. |
| Licensing: This is a business arrangement in which one company gives another company the right to use its copyrighted music or its sound recordings for a specific purpose in exchange for a predetermined fee. |
| Types of licenses include: Grand Rights License, Master Recording License, Mechanical License, New Media License, Performing License, Print License, Synchronization License, and Videogram License. |
| Licenses for public usage may be obtained from either a performing rights organization (ASCAP, BMI, SESAC), or from the composer / publisher. Alternatively they can be obtained from the Harry Fox Agency. |
| Mechanical Rights: This term refers to permission to render any copyrighted music, audio composition, or sound recording in a mechanical format. Such as: cassettes, CDs, computer games, DVDs, LPs, MIDI files, musical toys, music videos, ringtones, taped recordings, VHS, etc. The royalties paid to the composer or the publisher for mechanical rights depends upon the total number of recordings sold. |
| Needle Drop: This is an old and somewhat outdated licensing term that refers to the very popular practice of obtaining permission for the single use of a piece of music. This type of licensing is often chosen because the buyer only has to pay a fee if/when the song is used. Since the advent of CDs this term has been replaced by the more relevant phrase "laser drop". |
| Performing Rights: This falls under the copyright laws and it refers to somone obtaining permission to perform a specific piece of music in a public arena. This includes cable and broadcast TV, concerts, radio, nightclubs, restaurants, stage plays, seminars, PPV events, etc. Performance Rights permission must be obtained from the composer, publisher, artist’s representative, or the music’s copyright holder. |
| The royalties stemming from a Performing Rights agreement are paid out every time the song is used publicly. And are usually split between the artist and the publisher 50/50. |
| Production Music: Production music (see "stock music" or "library music") refers to audio compositions that are either written for a specific production. Or are taken from prerecorded sound libraries and licensed for usage in films, movies, commercials, radio broadcasts, TV shows, soundtracks, audio presentations, video games, and other media. |
| Public Domain: This refers to the copyright status of a particular song, creative work, or audio composition. Works of music are classified as "public domain" if their copyright has expired; if the composition was never protected by copyright law in the first place; or if the composer has opted to forfeit the intellectual property rights. |
| Once a piece of music is in the public domain, neither its composer nor its publisher has exclusive rights to its use and it may be freely used by anyone for any purpose without having to pay royalties or fees. |
| The musical works of Bach, Beethoven, Brahms, Chopin, Debussy, Handel, Mozart, Schumann, Strauss, Tchaikovsky, etc. have all fallen into the public domain due to both the passage of time and the lack of identifiable heirs. |
| Royalty Financing / Royalty Loan: Royalty financing is an alternative funding option that lets established businesses and start-up companies use their pending royalty-based revenue as loan collateral. |
| Unlike traditional debt or equity financing, royalty financing is much easier to qualify for because it lets company owners pay off their loan by using a small percentage of their projected income streams. |
| Royalty Free Music: This refers to musical compositions (see "buyout music" or "lifetime synchronization music") that only requires the licensor to pay a single, one-time-only fee for its use. After someone buys a royalty free composition he may legally use it as often as he wants to without having to pay the artist or the publisher any additional royalties or usage fees. |
| Sampling: In music, this refers to the common practice of removing a very short, usually digitized audio excerpt ("sample") from an original pre-recorded song, sound recording, or musical composition and using it often repetitively, as either a sound effect or as an instrument in a new recording. |
| Even though samples are usually only a few seconds long at most, Master Use Rights must always be obtained from the copyright owner of the material that is being sampled before they can be used commercially. |
| Otherwise the person doing the sampling can be charged with copyright infringement, as in the case of Kevin Federline and Thomas Dolby. |
| Stock Music: Like most production music, stock music is ready to be used in almost any multimedia production or application, and can often be found in internet music libraries that offer them for a one time usage fee. |
| Certain stock music compositions are designed for specific categories or purposes. This makes finding a particular genre of music much easier than having to search through hundreds of CDs or sound clips. |