6.14 How exactly will my advance be recouped?
The advance is always repaid only with those releases that are part of the contract. These can be old, existing releases, or new, unpublished releases. The repayment itself takes place automatically on a monthly basis. As soon as you have received the income from the corresponding releases on your account, it will be checked if there is still an open advance for these releases. If so, the amount will be deducted according to your advance account. If the advance is fully recouped, the income will remain on your account and you can withdraw it as usual.
Back
6.1 What requirements do I need to meet to get an advance from iGroove?
6.2 Where can I request an advance payment from iGroove?
6.3 Do you only provide advances on back catalogs or also for upcoming music projects?
6.4 What rights to my music do I need to apply for an advance?
6.5 Do I need to transfer my old releases to iGroove to get an advance payment?
6.6 What are the conditions under which I can receive an advance?
6.7 What is the amount of the advance depending on?
6.8 How do you calculate the amount of the advance?
6.9 How quickly and how is my advance paid out?
6.10 Do I have to use the advance for a specific music project?
6.11 How soon do I have to pay back the advance?
6.12 What happens if I cannot repay my advance in full?
6.13 What happens if my advance has been paid back in full?
6.14 How exactly will my advance be recouped?
6.15 Am I liable for the advance with my private assets?
6.16 Why do you need read-only access to my Spotify 4 Artist account?
6.17 How long do you need access to my Spotify 4 Artist account?
6.18 My request for an advance was rejected. Why?