6.5 Do I need to transfer my old releases to iGroove to receive an advance payment?
There is no obligation to transfer a specific number of catalog releases to us. However, your advance will generally be higher the more releases you transfer to us.
As an existing customer, you can also apply for an advance payment for an upcoming project. This will be evaluated and paid independently of your back catalog. However, if you transfer your back catalog, you have the chance to receive additional funds.
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6.1 What are the requirements for receiving an advance from iGroove?
6.2 Where can I apply for an advance at iGroove?
6.3 Do you only provide advances on back catalogs or also for upcoming music projects?
6.4 What rights do I need for my music to apply for an advance?
6.5 Do I need to transfer my old releases to iGroove to receive an advance payment?
6.6 What are the conditions for receiving an advance?
6.7 What factors determine the amount of the advance?
6.8 How do you calculate the amount of the advance?
6.9 How long does it take until I receive my advance?
6.10 Do I have to use the advance for a specific music project?
6.11 When do I have to repay the advance payment?
6.12 What happens if I can’t fully repay my advance?
6.13 What happens when my advance has been fully repaid?
6.14 How exactly will my advance be repaid?
6.15 Do I have to use my personal assets as collateral for the advance?
6.16 Why does iGroove need read-only access to my Spotify for Artists account?
6.17 How long do you need access to my Spotify for Artists account?
6.18 Why was my advance request rejected?