The artist. Encore simply facilitates the primary exchange of shares and handles all following payout disbursement.
Raise money: Artists may need cash to invest in new releases today. Instead of waiting for years to collect money from older releases, Encore allows them to collect up cash up front by selling a share of future revenues.
Marketing: The more "shareholders" in a song, the more people involved in marketing the song in order to increase the number of streams and subsequent revenue. By selling a % of a song, artists are able to create a bespoke "marketing team" that is truly invested in a campaign's success.
The share price is determined by the artist. The valuation must fall within a range set by Encore in order to ensure financial sanity and protect both artists and investors.
You're buying a share of the song's digital streaming revenues (payouts from Spotify, Apple Music, Amazon Music etc.). If you own 1% a share, then Encore will deposit 1% of the songs earnings into your account each month. Unless your stake is sold to a different investor, your ownership is perpetual and will not expire, meaning you have the right to receive a % of all future earnings paid.
If you own 1% of a song that has generated 100,000 streams last month at a rate of €0.004/stream, we would deposit €4 into your account, calculated as such: 0.01 * 100,000 * €0.004 = €4
No. As an investor, you're buying the right to receive future revenues derived from master royalties - not the underlying royalties.
Royalty transfer is a lengthy and expensive process that adds no value to both the artist or investor.
Our royalty derivative on the other hand, allows you to invest as little as €1, transfers in real-time and incurs no transaction costs.
Simply connect your bank account. Once your account is connected, Encore will automatically deposit funds into your account whenever a payout event occurs. You should typically expect one monthly deposit for each song you've invested in but keep in mind some songs pay on a quarterly basis (as indicated in the song's asset page).
Keep in mind that we're continuously adding more banking partners within the UK and EU, so if you don't see your bank just yet, don't worry! we'll be there soon.
Bank of Ireland
Allied Irish Bank
Typically on a monthly basis but some songs process payouts on a quarterly basis (as indicated in the song's asset page). Encore will forward streaming payments to investors as soon as those are received from the song's corresponding distribution company (indicated in the song's asset page).
For investors (EU+UK): Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
For record-labels and artists: Available worldwide
No. You invest at your own discretion without any guarantees. In theory, a song may never generate any streams and therefore produce no revenue for all investors (including the artist himself). While music does present great investment opportunities, predicting commercial success is difficult and you should therefore exercise caution when investing.