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6.14 How exactly will my advance be repaid?

The advance will be repaid solely with your revenues generated by the releases included in the advance contract.

The offsetting process will be done automatically on a monthly basis as soon as the revenues from the corresponding releases are received by iGroove and credited to your account.

Until the advance amount is fully repaid, your revenues will be automatically used for repayment. Once the advance has been fully repaid, the revenues will remain in your account and you can withdraw them.

6.13 What happens when my advance has been fully repaid?

Once your advance payment account is balanced, you can withdraw your earnings as usual. You will receive a monthly credit to your account and can transfer your balance to your bank or PayPal account at any time. The contract will continue until the selected term is reached and will be extended by another 6 months if not terminated. Once the contract has expired, you can apply for a new advance payment for the contract releases.

6.12 What happens if I can’t fully repay my advance?

The advance only needs to be repaid with the releases that are part of the contract. As long as you fulfill your contractual obligations, you are never personally liable for the advance. If an advance has not been recouped by the end of the contract period you selected, the evaluation period for the relevant releases will be extended until the advance is fully repaid.

6.11 When do I have to repay the advance payment?

Your advance will be automatically deducted from your account along with your earnings from the corresponding releases until the advanced amount is recouped. You can choose the deal structure to affect the term.

6.10 Do I have to use the advance for a specific music project?

The purpose of use is generally up to you. We provide the advance payment as an expression of our belief in your musical potential! Therefore, we assume that you will invest your advance in musical projects. Of course, you are not subject to any control or obligation to justify your expenses.

6.1 What are the requirements for receiving an advance from iGroove?

To receive an advance from iGroove, you must be at least 18 years of age and have the necessary rights to your music. Additionally, the calculated advance amount must be higher than EUR 1,000.