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 not less than USD $20 million to deploy over the following 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 companies at music tech firm Utopia, specializing in catalog acquisitions and fund monetization methods.
Moreover, Latham serves as a Trustee of UK charity Orchestras Stay, 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 software course of, no credit score checks, and easy documentation.”
Moreover, the corporate operates what it calls a “non-acquisitive” mannequin, that means, in accordance with the corporate, that “artists and writers retain full possession and management of their rights whereas unlocking capital based mostly on future earnings”.
Tony Latham, Co-Founder and CEO of Royalty Entry Studio, mentioned: “We launched RAS to make royalty advances easy.
“After 20 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 assist them in a good and clear approach. Our mannequin is constructed on belief, flexibility, and readability – with creators on the centre of each deal.”
“After 20 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 assist them in a good and clear approach.”
Tony Latham, Royalty Entry Studio
Latham’s firm targets offers starting from $10,000 to seven-figure quantities, he mentioned.
“We wish to be probably the most approachable, versatile companion on this house,” added Latham. “Whether or not it’s a $10,000 top-up or a seven-figure consolidation, we deal with each cope with care. Artists and writers deserve easy 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 file label financing.
beatBread reported in February that it had paid advances to over 1,300 shoppers on six continents so far on current catalogs in addition to new and unreleased music. The platform’s funding quantities vary from $1,000 to over $10 million.
Music Enterprise Worldwide
