VerseOne partners with ChordCash for artist royalty advances

Advances offered through this partnership range from $1 000 to as much as $1m per artist depending on catalogue size, duration of contract and royalty splits. This doesn’t include publishing royalties and royalties from physical sales of merch, touring or physical CDs, Vinyl or tapes.

This collaboration aims to solve music financing bottlenecks faced by artists, offering them a solution to bridge financial gaps, invest in their careers and focus on creating exceptional music.

Key benefits of this arrangement include the fact that it enables artists to retain copyright ownership, seamlessly integrates with ChordCash’s platform for streamlined royalty advances, fuels financial empowerment for project investments, offers fair and transparent terms, as well as access to global opportunities through VerseOne Distribution’s network.

“At VerseOne, our commitment has always been to empower artists and enhance their careers through the globalisation of music,” VerseOne founder Polycarp Asuquo said. ‘This partnership with ChordCash aligns perfectly with our mission, offering artists a flexible and accessible financial solution to support their creative endeavours.”

“ChordCash’s partnership with VerseOne is another step forward in our mission to empower independent musicians across the globe,” ChordCash head of partner activation and growth marketing Eric Palumbo added. “We believe that artists should have access to funding without having to give up ownership of their music or control of their careers, and are honoured to work with partners such as VerseOne to provide modern tools to improve transparency and efficiency, and to keep power where it belongs with the artist.”

Back in August, VerseOne announced a new feature allowing clients to request top-tier paid promotional services through their user dashboard. According to the company, the move would facilitate enhanced exposure and expanded reach for musicians and labels.