Fellow Composers, Songwriters, Music Publishers and Record Labels
Many of you know me as Jean Luc Ponty’s guitarist, some of you know my work on network TV , like on Seinfeld and a ton of others. As a session guitarist Ive done 180 albums. I am a member of the Anderson Ponty band ( Jon Anderson from YES) and Jean Luc Ponty , recording and touring with them for the last 2 years.

In the last 15 years or so I have made at least 1/2 my living from composing. I have been very fortunate to have placed music in movies, video games and on network and cable.
My partner ,award winning David Dachinger and I, have 80 or more compositions together
on sports TV, mostly with CBS.

Though I do a lot of recording sessions those quarterly royalty checks I get have become
bigger and better, the extra 30 grand a year and more  has made it possible for me to do many things, from paying for wonderful trips, helping animal rescues, buying cars, toys, and building my studio and record label.

Over the years there has been one problem,. I never know what I will be seeing in each quarter so it’s impossible to make plans for purchasing things. I’ve been caught with my “pants down” a few times expecting a really large check and getting near nothing in some quarters. Especially with sports TV, when a particular sport ( like my PGA golf) account is not airing, ,….well…..there is no money.

Several times I took advances.

There was a company in Hollywood who helped me several times by advancing thousands against my royalty checks, ..well at about a 30 percent interest.
I assigned my royalties to that company and didn’t see another dime until the advance and interest was paid off.

Then I hooked up with a company in Nashville… really nice people , very accommodating
They also advanced against my royalty checks , and I assigned my royalties till they were paid off. The “discount fee” they called it ( cause technically its not a loan) was around 15-17 percent, I had 6 months to pay before they added more interest and then they charged a processing fee on top. I took a 3500 dollars advance and had to pay back 5100 dollars. I ended up in a circle I couldn’t get out of , taking more advances. I didn’t see a penny from B.M.I or A.S.C.A.P until the advance, “discount fee” and the processing fee was paid in full. All those fees made it so I had to take more advances.

One day I was contacted by a company that changed everything for me. The rep from Sound Royalties told me about how the company worked to help composers, songwriters, producers, and record labels and  I was excited and amazed by what I heard.

They advance on royalties at a much lower rate than anyone else, they allow you to keep some of your royalties while paying back ( amazing) they do not own your creative work, and there is no credit check. The time the advance needs to be paid off is much much longer and can be negotiated as well.

I listened and having lots of experience working with other royalty funding companies I thought it was too good to be true… but they are at their word, they’re fantastic.

Please get in touch with me if you are interested in a royalty advance and I will put you
in touch with the right representative from this wonderful , helpful , amazing company.

You can reach me at 801 -310 4240 ( leave a message and Ill return your call within 24 hours)
or email me at
luckyrecording@aol.com

Looking forward to helping my brothers and sisters in the music business

Cheers
Jamie Glaser

 

Here is a great overview

original text written by Jonathan Widran for Music Connection Magazine

 Dynamic Approach To Financial Assistance: Sound Royalties is dedicated to creating financial products to help sustain the music community. The company allows musicians, artists, performers, songwriters and producers to get up front cash while retaining rights to their music and their royalty streams. Founder and CEO Alex Heiche brings to this venture over a decade of experience in providing cash and finance raising strategies to large annuity recipients, pro athletes, songwriters and artists. “Music is my first love,” he says, “just not my first language.” Their mission statement says: “We understand what it’s like to worry about how you’re going to pay for your next record, tour or if the next royalty check is going to be enough to cover the bills that keep piling up. We’re here to help you get cash so you can continue to create.”

An Alternative to Traditional Bank Loans: Heiche says, “When the average songwriter seeks an advance or loan, they face traditional banks that require excellent credit, no tax liens, and where getting an advance requires 100% recoupment. We look at them differently because we do not lend money to earn interest and fees. We buy the rights to a small portion of the artists’ future royalty payments for a fixed period of time and pay them a lump sum purchase price. We have the ability to customize a transaction to fit the artist’s financial needs and their unique royalty stream.” He and his team believe that artists should not have to give up 100% of their rights or income.

Their program was developed for those who earn at least $5,000 in annual royalties. They let artists keep the rights to their music and some royalties if needed, and make it easier to use their future royalty earnings to access needed cash today.

How Sound Royalties Helps: The company helps with debt consolidation/elimination, home purchasing assistance and financing, major purchase financing, funding tours, recordings, promotions, etc., cash flow stabilization and financing vs. cash purchases. They are 100% discreet, provide payment in days, not credit based and are always available to address individual customer concerns.

For more information,  contact Jamie Glaser at
luckyrecording@aol.com
or call 801-310-4240

http://www.facebook.com/jamieglaserspage