Sound Royalties Dishing out Money to Musicians, Producers, and Songwriters While Allowing them To Retain Ownership of Their Creativity
July, 2016 (New York, NY) — In today’s music industry it’s getting harder and harder for musicians, writers, producers, and creative individuals to not only make a living financially, but to retain the rights to the final products they toil frivolously to create. But in an ever-growing and ever-changing music market, New York based company Sound Royalties is helping the creators get the cash they need so they can continue doing what they do best with the return of a creation made famous by one of the most iconic figures in music.
In 1997 the boundary-pushing artist David Bowie and his banker David Pullman orchestrated a bond issuance of $55million in $1,000 denominated-bonds on future earnings of Bowie’s music. It was a way for Bowie to buy full ownership back of his older recordings. Now known as “Bowie Bonds”, the issuance was extremely innovative and paved the way for future artists. The bonds were eventually bought up by a division of Prudential. In 2007, as planned, the bonds liquidated and the rights of the music were returned to Bowie.
Fast forward to today, the age of streaming music. Full out album sales are paltry and the music industry, artists, managers, producers, rely on royalties from music streaming sites to get paid. However, those paychecks can be delayed for months.
Rihanna’s latest album Anti set a record in the music industry gaining number one on the Billboard 200 with 54,000 equivalent units moved. But how many of these units were actual sales? Only 17,000 copies.. making it the lowest sales figure connected to a number one album.
Today, a new form of Bowie Bonds has emerged, and Sound Royalties is paving the road. Sound Royalties is a new breed of company that offers advances on royalties to musicians, producers, song writers and the like. Sound Royalties is able to give the music industry up-front funding based on future earnings of their music. A service that is much needed in the industry.
Alex Heich is CEO and Founder of Sound Royalties which helps people in the music industry get up-front cash and retain rights to music and royalties. With their modern twist to Bowie Bonds – Sound Royalties is run by people who have a deep appreciation for music and the music industry. Because of his unique business, Alex is considered to be one of the most preeminent experts on music royalties. His company has worked with a wide range of professionals in the music industry including platinum recording artists and billionaire executives.
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MORE ABOUT ALEX HEICHE:
Alex Heiche is Founder & CEO of Sound Royalties.
Has over a decade of experience in providing cash and finance raising strategies to songwriters and artists.
Sound Royalties provided financing for Lynyrd Skynyrd’s One More For The Fansalbum.
Has a BS in Criminal Justice from the University of Maryland, College Park.
In 2000, Mr. Heiche became the Vice President of LivingNexus in Virginia where he worked with large Real Estate Investments Trust’s (REITs), with Net Asset Values over $1 billion.
Alex has also served as Executive Vice President of Zero-G where he helped oversee the marketing and development of weightless flight for entertainment, research, education, and filming purposes.