Sound Royalties
Sound Royalties Acquired by GoDigital, MEP Capital in ‘High Eight-Figure’ Deal
Founded in 2014 by Alex Heiche and backed by York Capital, Sound Royalties provides funding to music creators against royalties from all major collection societies, labels, publishers and distributors for a finite duration. Creators who utilize the service get to keep their copyrights, as well as ongoing royalty cash flow over the amount financed. The company caters to both emerging artists, songwriters and producers and established hitmakers, including the likes of DJ Khaled, Lil Wayne, Pitbull, Rich Robinson and Wyclef Jean. In his own statement, Heiche said that joining GoDigital “will enable us to expand our technology platform and grow more rapidly, while preserving the ability for creatives to speak and work directly with our experienced Royalty Specialists to ensure they receive the...
Executive Turntable: TalentX Founder Named Triller Chief Strategy Officer, Radio Promo Vets Launch New Company
Social media star, entrepreneur and TalentX Entertainment co-founder Josh Richards has been named chief strategy officer at AI-driven music video and entertainment platform Triller, which he also invested in. In his new role, Richards will lead strategy at Triller while also overseeing the company’s implementation of live streaming and monetization tools. Triller, a rival to the wildly popular video-sharing platform TikTok, last year raised $28 million in a funding round led by Proxima Media last year, also drawing investors including Snoop Dogg and Lil Wayne. In June, the platform — which currently has music licensing partnerships with Warner, Sony Music and UMG — hit 50 million monthly active users. “After seeing the US and other countries’ governments’ concerns over Tik...
