The coronavirus pandemic has put the lifeblood of the music business at risk. The very artists that write and perform the music we all love have seen their livelihoods threatened by the cancelation of tours, the pausing of frontline releases, and the economic disruption this pandemic has created.
To provide a degree of immediate relief, Royalty Exchange will lower our standard commission from 15% to 10% for any artist selling royalties through auctions for the next 90 days, starting April 1.
This offer applies to auctions and Instant Offers only. Secondary Market transactions are not included.
Only music artists are eligible to receive the discount. This includes songwriters, performing artists, and producers. Brokers, lawyers, and other rightsholders will receive the standard commission.
Offer valid for listings that go live on the marketplace on or before June 30, 2020.
“Royalty Exchange, and in fact the entire music industry, is in a position to make a significant difference to the artists we serve,” said Royalty Exchange CEO Matthew Smith. “Doing so requires making short-term sacrifices for the long-term good. We hope this 90-day discount can move the needle just a bit for the artists who need it most. But more importantly, we encourage others in a similar position to increase their revenue shares in favor of artists as well, at least temporarily, until this crisis is behind us.”
Songwriters with ASCAP or BMI can view instant offers on their public performance royalties using the link below:
If you're earning from another source, like Sony/ATV, we'll prepare a custom valuation for those royalties, too: