In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage TMF’s artificial intelligence (AI) that powers a “smart-pricing algorithm” that gives artists and musicians a...
Real-time payments are growing more established in countries like the United States, as institutes like The Clearing House (TCH) update their payment infrastructures for the first time in more than three decades. With new payment systems to work with, real-time payments are starting to filter...
The global music industry is expected to generate $57 billion in 2021. But those artists creating the songs can struggle to stay afloat while waiting for royalties. In the Faster Payments Tracker, Lyric Financial explains how it quickly provides royalty advances to cut the wait, with Same-Day ACH transfers in the U.S. and integrations...
To enable faster and more efficient royalty payment advances to recording artists working on TuneCore, Hyperwallet has signed a deal with Lyric Financial — a financial services provider that specializes in royalty advances and loans for recording artists, Hyperwallet said in an announcement. Irregular or delayed earnings...
June 13, 2024
Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers’ Association (NMPA) filed the complaint with the Federal Trade Commission (FTC) Wednesday (June 13), alleging that the streaming audio platform’s decision to offer audiobooks to subscribers meant fewer royalty payments to songwriters. The reason? Adding audiobooks allowed Spotify to reclassify its premium subscription […]
September 30, 2021
In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage...
