When do I receive Royalty Payments?
Royalties are paid on a quarterly or biannual basis to the bank account connected to your SongVest profile. An investor’s first royalty payment for a SongShare will be disbursed in the quarter following the reassignment of the stream. The reassignment process takes longer for some listings than others, depending on the payment company, and it is generally completed within 1 month if not sooner. If this process takes longer than a quarter, the first distribution will include payment for all distributions that would have occurred during the waiting period.
You will be able to view your total investments in the SongVest dashboard, along with your royalty payment history.
When will I receive payment for my sale?
If your listing sells, you will receive payment three to five days after the final signed paperwork and payments are received by SongVest. Paperwork can take one to four weeks to process depending on the complexity of your sale.
Which type of royalty can I sell?
SongVest can sell any type of music royalty stream.
How long do I own a Royalty Stream?
Each listing will explicitly state the length of investment for the royalty stream at auction. There are many types of royalties for many different assets, so lengths of ownership vary.
Can I sell only a portion of my royalty revenue?
This is totally up to you! You can sell any percentage of your royalty stream. The options are almost limitless! SongVest will work with you on your ideal auction and how best to present your royalties.
I bought SongShares during a public offering, now what?
When the public offering closes, you'll receive notice and the investment will be live in your dashboard. From there, you will be able to track when royalty payments are paid out.