This is how you request advance payment at iGroove
- Starting at 25,000 monthly listeners you will receive your personal advance offer
- In addition to the advance offer, you will receive a detailed evaluation of your future income
- You determine the conditions yourself
We show you how you can receive your personalized advance payment offer in just a few simple steps. Additionally, you can also get a free projection of your future streaming earnings.
The goal of iGroove is to offer advance payments to as many artists as possible, not just the heavy hitters. Starting at around 25,000 monthly listeners already, we can give you your personalized advance payment offer – quick, straightforward, and transparent.
Here, we show you how you can get your advance payment offer as well as the projection of your future streaming earnings in only a few quick steps.
Analysis of your data
In the first step our artificial intelligence “muse” analyzes your data history. In order to do that, we will need temporary read-only access to your Spotify for Artists account.
Projection and advance payment offer
Once the calculations are done, you will receive the following:
- A detailed analysis of your future streaming earnings
- A personalized advance payment offer, the terms and conditions of which you can choose yourself
You can find an example of the forecast and the advance offer here.
Freely choose your terms and conditions
In your advance payment offer, you can define the following three points yourself:
- Which releases are taken into account
- The duration: How long the releases will be tied to iGroove
- The deal: This is what defines the percentage of the earnings that will go to iGroove during the duration of collaboration
When you change the parameters, the advance payment offer will adjust automatically.
On the very top you will see your advance payment offer. Below that, you can take a look at how much you are projected to make off the release once you have recouped the advance payment. Additionally, the share that goes to iGroove is transparently displayed. At the bottom, you can view the projected earnings from the release. If you set the duration to two years, the amount listed here is the same as the one in the projection that you can download as a PDF.
Once you have found and accepted the ideal offer for you, a contract will be drawn up for you to sign digitally (legally binding). If you are already an iGroove client, you will receive the money in your account within just a few days. If you’re not a client yet, you will first need to transfer the releases listed in the advance payment offer to iGroove, and shortly after that, the money will be transferred.
Will I receive any income before I’ve recouped?
No, the earnings of the releases included in the advance payment will go to iGroove in full until the amount of the advance is in. Once the advance is recouped, you will receive the percentage of the earnings that is defined in the deal.
Why is the advance payment offer not higher than my previous earnings?
iGroove does not give out speculative advances. The offer is based on the previous numbers, which minimizes the risk both for iGroove as well as for the artist.
If you receive a better advance payment offer within 60 days, you can simply terminate the contract.
All additional information and answers to the most frequently asked questions can be found here.