Can I invest if I am outside the US?
We are able to accept international investors in our SongShare sales, except residents of Canada. Non-US residents will need to submit documentation in order to pass a KYC/AML check and have a bank that accepts ACH deposits in order to collect royalties from their purchase of SongShares.
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Why do I need to verify my identity with SongVest to invest?
In order to invest in SongShares, you must verify your identity. Identity verification is a standard practice as part of Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements. AML and KYC refer to due diligence activities that ...
I receive some of my royalties through SOCAN. Am I able to sell with SongVest?
SOCAN has a policy that does not allow us to sell royalties at this time, we hope this will change in the future.
If I choose not to sell my royalties, are there other options?
Yes. Our Royalty Advance Program allows you to receive up to a five year advance on your royalties. To qualify for this program, a royalty stream must have booked an average of AT LEAST $10,000 in revenue over the past three years. To learn more ...
What documentation do I need to provide in order to sell my royalties?
To have your royalty stream listed on SongVest, you will need to provide us with the following information: What you’d like to sell (i.e. for music: songwriter’s share of performance royalties, mechanical royalties, production royalties, etc.) The ...
What happens at the close of a VIP Auction?
SongVest uses the Five Minute Rule for auctions, whereby if a bid is placed in the final five minutes of an auction the listing will stay open for an additional five minutes. There is no limit to the number of times an auction can be extended. Soso ...