Seller Questions
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 happens if my royalties don't sell?
If your auction fails to reach its reserve price, you have the option to have SongVest negotiate on your behalf with the highest bidders to strike a deal. Otherwise, there is no sale. SongVest charges no fees for auctions that fail to sell.
Can I sell my royalties privately?
Yes. We value your confidentiality and can list your royalty stream privately if that’s your preference. A private listing will be advertised only to our investor community, not to the public.
What charges can I expect if I sell my royalties through SongVest?
One of the great things about SongVest is that there is no charge to list an auction on our platform, so you’ve got nothing to lose! We only collect a percentage when the sale actually happens.
Who sets the price?
The reserve price and minimum bid will be mutually determined by you and SongVest management. We want to give you complete control of your listings, as well as provide your auction with the best possible probability of success.
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.
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 kind of background check does SongVest conduct related to my royalties?
SongVest has a simple verification process for sellers. There are no credit checks, and we only require the past 2-3 years of your item’s royalty statements, including the last statement available, to ensure that there is no encumbrance on payments.
How quickly can I sell my royalties?
Once we have your previous years’ royalty statements, we can usually conduct an auction in as few as 30 days.
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.
Which type of royalty can I sell?
SongVest can sell any type of music royalty stream.
Popular Articles
What are SongShares?
SongShares are fractional shares of royalty streams, and an exciting new way for anyone to buy a stake in the royalties of songs they love and share in the income. The company is the first to utilize Regulation A+ of the U.S. Securities and Exchange ...
What Happens if I Win a VIP Auction?
If you have a successful bid at the end of the VIP Auction, you will have the option to purchase those SongShares during the VIP Sale before the general public, and after the offering qualified by the SEC. You may purchase up to as many royalty ...
How do I pay for my SongShares?
No money will be accepted until the offering is qualified by the SEC. Buyers can connect their bank account or credit card to their profile to pay for any offerings
So, what am I buying?
SongVest offers the opportunity to purchase future royalty revenue generated by music. Details about the royalty stream you are purchasing and the asset which generates it will be available in the auction listing you are viewing. Simply click ...
Is there a limit on buying SongShares with a credit card?
Yes, there is a $5,000 limit on credit cards, including the processing fee. You can reduce the number of units and make multiple transactions, or connect a bank account for transactions up to $100,000.