soundroyaltis.com – Possible scam?

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This topic contains 3 replies, has 3 voices, and was last updated by  soundspot 4 days, 13 hours ago.

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  • #32766 Reply

    soundspot
    Participant

    Hey guys,

    Hope everyone’s having a great summer…

    I’ve been getting some pretty aggressive contact from a company called soundroyalties.com
    They look like they could be a predatory lending service using ‘royalties’ as a kind of easy bait for musicians… Then again they could be legitimate… Haven’t been able to find much out about them so I have no way of knowing currently…

    Just wondering if anyone else here has been contacted by them, if so if anyone knows anything about them… To me it looks like a form of possible predatory-ish lending, but maybe I’m just being cynical… Would love to know if anyone knows anything about them, or if at least others have been getting contacted by them as well. Link below…

    soundroyalties.com/

    #32767 Reply

    Art Munson
    Keymaster

    Don’t know why you would call this a possible scam without knowing any details. Similar to https://www.royaltyexchange.com/ and they have been around for years.

    #32769 Reply

    MichaelL
    Participant

    Don’t know why you would call this a possible scam without knowing any details. Similar to https://www.royaltyexchange.com/ and they have been around for years.

    This company seems to be offering to lend composers money based on their royalty income, which they state must be at least $5,000 per year to participate. Royalty Exchange, in contrast, has investors who buy your future royalties. It’s not a loan.

    FWIW, Royalty Exchange had been pursuing me. I finally went through their catalog valuation process and to my surprise they offered me a nice amount of money.

    BUT…when they realized that my catalog is production music (including TV theme music) they backed out. The reason they provided, is that they no longer consider production music to be “stable” and cannot recommend that their clients invest in it.

    #32898 Reply

    soundspot
    Participant

    Thanks for clarifying. The concern came from how aggressive they were… They got a hold of my number and left tons of voicemails. Emailed a bunch of times. Sent me multiple messages on linkedin, etc..

    With the market in turmoil I found it hard not to view their aggressive pursuit through cynicism-tinted glasses… Either way, assuming they’re the same overall thing it seems like it would be a moot point since I do purely production music… Thanks again.

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