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...
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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. Get the Full Story...
June 13, 2024
Spotify is facing an FTC complaint from music publishers and songwriters over royalties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and […]
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...
