Q: Is ProMusic Royalties a start-up, angel investor, bank, or venture capital company?
A: No. We are a privately owned and funded financial group that offers full and partial buyouts to entertainment professionals (musicians, actors, producers, writers, etc.) or their heirs based on anticipated royalties. The funds may be used for any purpose without restriction.
Q: Do you only offer cash advances on music, movie, TV, and song royalties?
A: No. We pay cash advances for almost any type of royalties income: software, inventions, intellectual property, toys, games, sports, naming rights, profit participation, etc.
Feel free to contact us if you're currently receiving other types of royalties payments that you would like to explore getting a cash advance on.
Q: Will I ever lose ownership of my works?
A: No. You will always retain full ownership of your works unless you explicitly sell the copyrights. Most owners opt to sell Master Rights or Performance Rights rather than selling outright ownership.
Q: How quickly can I expect to receive my funds?
A: Funds usually arrive within 5 business days after we have processed all of your paperwork.
We always work as fast as possible so the sooner you get us the documents the sooner you'll get your money.
Q: Will I have to pay an application or processing fee?
A: No. It costs you nothing to request a quote. We don't make our money by charging upfront fees.
Q: Do I need to have a good credit history?
A: No. We never look at your credit rating.
Q: Do you buy mechanical rights?
A: Yes, but we typically don't unless...
1) there is significant performance or synch income as well;
2) there is a large and steady annual income;
3) there is a longstanding earnings history.
Q: Do you buy performance royalties?
A: Yes, we also buy performance royalties, cues, and background music.
Q: Do I need to live in the United States?
A: No. But the company that is paying the royalties must have a physical presence within the U.S.
Q: How will you determine the size of my buyout?
A: The size of your buyout is based upon the gross annual amount of the royalties being sold; the age of the catalog; which publisher is paying the royalties; how often the payments are made; and the source of the royalties.
Q: Do you buy TV show or movie royalties?
A: Yes. We offer both full and partial buyouts on TV show and theatrically released movie royalties. However we do not buy royalties from independently produced movies.
Q: Can I sell part, for example 30%, of all my future royalties payments or do I have to sell in full?
A: Yes. Split sale options are available to royalties earners who qualify. This means you would only sell a fixed percentage of your future royalties while keeping the rest.
Q: Are there factors that can affect my sale?
A: Yes. Factors that can affect the sale of your royalties include: Alimony, Approval rights, Back taxes, Bankruptcy, Child support, Divorce, First right of refusal, and Matching rights.
Q: I don't want to sell my royalties. Can I instead receive an advance on my future royalties payments?
A: No. We only offer cash advances on Profit Participation income and Naming Rights compensation.
In the case of naming rights, if a stadium owner is receiving payment in exchange for allowing the name of a company to be displayed on his stadium and he needs additional capital now, we would offer him a cash advance based on the remaining payments. Once the advance is paid off then any future payments would automatically revert back to the stadium owner.
Q: Do you buy direct or do you broker?
A: We do both. We buy for our own portfolio and we also consult with our private financial associates. It depends on things like the size of the deal (is it thousands? is it millions?); how quickly does the seller need to raise capital; does the seller want a full buyout or a partial buyout; what type of royalties are being sold (from albums, from a TV show, from a movie, background cues); how old the catalog is, etc. In short, we do whatever provides the best results for the royalties seller.
Q: How do I get started?
A: To begin, fill out our fast and easy online form and we will give you an estimate. If you want to proceed we'll need to see at least 4 years of pay history. Once we review the statements we will let you know how much we can advance you.
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