LANDR has launched an embedded integration with beatBread that lets independent artists distributed through LANDR access cash advances against future streaming royalties, according to the companies. The feature functions similarly to a traditional record-label advance, with royalties from an artist’s catalog used to pay back the funds over time.
Eligible LANDR Distribution artists will see an indicative advance range within their LANDR account, based on their music’s historical performance and projected streaming revenue, the companies say. Artists who choose to proceed move through an application process handled by beatBread, which evaluates applications, confirms funding terms and contracts directly with the artist.
LANDR says the move gives its roster of independent artists, which it puts at 8 million, a new option for monetizing their catalogs without going through a traditional label deal.
Based on a press release provided to Music Industry Weekly by Nick Vivion, ghost.works.