Plain answers.

No. For an artist it is an advance, recouped from royalties at source: no instalments, no interest and no personal guarantee. For an investor it is a participation in the profit of a portfolio of purchased receivables.

A participation in the profits of a defined portfolio of recoupment rights on advances. SONOR buys those rights from StreamAdvance business to business. Investor capital never reaches an artist directly.

Targets, not promises. Year-one preferred return targets are 12% Growth, 9% Core and 7% Income, paid only out of portfolio profit. The Growth class also shares profits above its preferred return and targets a 20%+ IRR. Capital can be lost.

The target is 12 months per vintage, plus the preferred return. Contributions cannot be withdrawn during a cycle and there is no secondary market.

Growth CHF 250,000, Core CHF 100,000, Income on request.

Qualified and professional investors only. No retail investors and no US persons. The full offering opens on 10 January 2027, after eligibility, KYC and AML checks.

No. They are on an interest list and are not part of the offering until a supplement with its own risk disclosure is issued. Songs and catalogues open in stages.

Platforms pay a monthly subscription habit, and the advance is short and collected at source. Recorded music revenue grew in 2022 while listed assets fell. That is the market, not a SONOR return, and we have no track record yet.

Songs earn less over time, platforms change payout rules, streams can be fake, AI tracks can dilute payouts. The risk is how much a song earns, not whether the money reaches the portfolio.

Cash against royalties your songs already earn, plus growth services such as marketing. We take it back from those royalties at source, before you are paid. You do not make payments, and you keep your masters.

You owe nothing beyond the royalties of the songs distributed through StreamAdvance. Recourse is limited to fraud, false title, diverted royalties and artificial streams.

An advance is about 20% of three years of a song's royalties, projected from trailing statements (1:5 cover). A catalogue advance follows the same rule on the whole catalogue and needs a clean chain of title and a long statement history. Live events, creators and gaming are on an interest list, with indicative sizes of EUR 25,000 to 150,000, EUR 10,000 to 100,000 and EUR 10,000 to 50,000.

One 8% fee, added once to the advance and recouped with it. Once it recoups, 30% of the chosen songs' royalties stays with us until year 7. There is no interest and no instalment.

About 8 months in our model: we advance about 20% of three years of royalties and collect 100% of the chosen songs until the advance and the fee are recouped. Once half is recouped you can renew.

Independent artists, labels and managers with professional activity. Creators, promoters and studios join the interest list until we can underwrite them.