6.8 How do you calculate the amount of the advance?
Several factors play a role in determining the advance payment amount. Your previous successes, sales/streaming figures, and reach primarily influence its amount. We use artificial intelligence to determine the amount and probability of future earnings. We do not calculate the emotional value or a “hit factor,” but rely solely on the facts and figures of your previous releases.
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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?