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andronicmusicblog · 11 months
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beatBread Expands Funding Opportunities for Songwriters with New Songwriting Advance Division
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Utah-based music funding platform beatBread is expanding its reach to songwriters with the launch of its new Songwriting Advance Division. This division will provide advances of up to $3 million to songwriters against the publishing rights on their catalog or catalog plus future songs.
This initiative is a significant step forward for beatBread, which has traditionally focused on providing funding to artists and independent labels. The company's expansion into the songwriting space is a response to the growing demand for financial support among songwriters, who are often overlooked by traditional music lenders.
"Songwriters are the backbone of the music industry, but they are often the ones who struggle to make a living from their craft," said beatBread CEO Keith Wall. "The Songwriting Advance Division is our way of leveling the playing field and giving songwriters the resources they need to succeed."
The Songwriting Advance Division will be led by Spencer LeBoff, a music publisher and former BMG executive. LeBoff has a deep understanding of the music industry and a proven track record of success in working with songwriters.
"I'm excited to be joining beatBread and leading the Songwriting Advance Division," said LeBoff. "I believe that beatBread has the potential to revolutionize the way songwriters are funded, and I'm looking forward to working with our team to make this vision a reality."
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The Songwriting Advance Division is just the latest example of beatBread's commitment to empowering creatives in the music industry. The company has a number of other initiatives in place to support artists and songwriters, including its Artist Advance program, its Label Advance program, and its Marketing and Artist Services program.
"We believe that creatives deserve more access, choice, transparency, and leverage in the music industry," said Wall. "Our goal is to provide the resources and support that creatives need to succeed, and the Songwriting Advance Division is a major step in that direction."
For more information about beatBread's Songwriting Advance Division, please visit the company's website.
Additional Information
beatBread's Songwriting Advance Division is open to all songwriters, regardless of experience or genre.
The company's advance terms are flexible and can be tailored to the specific needs of each songwriter.
beatBread's repayment terms are also flexible and can be structured in a way that is comfortable for the songwriter.
This initiative is a valuable resource for songwriters who are looking for financial support to help them achieve their goals. beatBread's Songwriting Advance Division can provide songwriters with the resources they need to create and release their music, and to build their careers.
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