Music royalties.
Songs pay every month, a quarter late. We advance against the income that is already coming, on a song pool or a whole catalogue, so artists can fund the next release and keep the master.
Songs advances
A song pays every month, about a quarter late. We advance part of that income to the artist in cash and growth services, recouped from royalties, never from the artist's pocket.
- From EUR 2,500 per song or pool
- About 20% of three years of a song's projected royalties
- Independent artists and small labels
- Songs with at least six months of statements
- Rights you control or can prove
- Trailing royalties by country and platform
- The decay curve of the song, not its peak
- Who owns the master and the publishing
- Whether the streams are real
- Size an advance on a song's peak month
- Take ownership of the master
- Ask for a personal guarantee
- Fund a song with unexplained stream patterns
Catalogues
Catalogues with clear rights and a statement history. Same rule as songs: priced on trailing income, never on the peak.
- From EUR 10,000 per catalogue
- Priced on trailing net income
- Artists, small labels and owners of back catalogues
- Clean chain of title
- At least 24 months of statements
- Net publisher or label share, after every deduction
- Concentration by song and by country
- Remaining term of each licence
- Buy without a signed exit
- Pay a headline multiple on a peak year
- Take a catalogue we cannot audit
Funds and operators
For managers, distributors and platforms that originate advances and need capital behind them. Pools from EUR 100,000, structured case by case.
- Pools from EUR 100,000
- Committed in tranches
- Operators with their own statements and set-off rights
- A written underwriting policy
- Willing to share loss data
- The originator's data and its loss history
- How recoupment is collected, and by whom
- Who sits first in the cash waterfall
- Fund an originator we cannot reconcile
- Advance against a pool we cannot see into
- Accept cross-collateral we cannot enforce
Frequently asked questions
Which songs qualify?
Songs with at least six months of statements and rights you control or can prove. Independent artists and small labels can apply.
What is the minimum advance?
From EUR 2,500 per song pool and from EUR 10,000 per catalogue.
Do I keep my master?
Yes. Ownership of the master and the publishing stays with you.
How is the advance paid back?
From the royalties of the songs distributed through us, taken at source. If a song earns less, recoupment takes longer and you owe nothing else.
Apply for details.
Tell us who you are. We will contact you when the full offering opens, by 10 January 2027. Family offices, private credit funds and qualified investors.
Prefer email? Write to apply@sonorcapital.com
The offering is for qualified and professional investors only, subject to eligibility checks. See our privacy policy.