beatBread makes it easier for Musicians to compare funding sources, negotiate better terms

Music funding platform beatBread has launched the beatBread Funding Network along with deal comparison tools to offer more choices for artists and labels seeking funding.

The new platform provides side-by-side comparisons of multiple offers from a range of distributors and music companies, along with beatBread’s own capital sources.

beatBread advances range from $1000 to $5 million on existing catalog, as well as new and unreleased music. Advances can equal up to 8X historical revenue and are repaid from a share of streaming and airplay revenues over a period of the client’s choosing, leaving touring, synch, and merchandise revenue streams untouched.

Qualifying artists and labels can also use the platform to negotiate better terms and invite distribution and label partners outside the network to make offers. BeatBread has added deal comparison tools to better facilitate this, leveraging its chordCashAI streaming forecasting technology and enabling better funding choices.

“We’ve been quietly beta testing the Funding Network over the last 6 months, funding artists and labels with both our own capital and capital from leading distributors and music companies,” said Peter Sinclair, CEO and co-founder of beatBread. “Sometimes the best funding option comes when beatBread provides 100% of the funding. Other times, the best option for an artist or label is a deal where some or all of the capital comes from our partners, or from sources outside the Funding Network altogether. Our mission is to empower artists and labels with choice, insights and leverage, we’re proud when we help an artist or indie label achieve the best outcome, whether beatBread and its partners provide the investment or not.”

Find more info here.

Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.

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