Centtrip Music, the music industry specialist division of London-based treasury and international payments expert Centtrip, has launched a dedicated Brexit desk to help touring artists, promoters, distributors and the wider music industry plan for further uncertainty and avoid future risks, unnecessary costs and disruption.
Centtrip’s new specialist team will analyse the current economic and political landscape, evaluate its impact and devise an efficient foreign-exchange strategy.
Run as part of Centtrip’s extensive services, the Brexit desk will help its clients prepare for all eventualities.
Constantly changing currency rates can greatly affect the income of artists and music businesses working globally.
Centtrip’s specialist division focusing on the music and entertainment industry was launched in 2016 to maximize foreign income and minimize payment and international touring costs with its smart products such as the Centtrip multi-currency Mastercard.
The company now manages foreign income, expenditure, international payments and more complex treasury for more than 400 artists.
“Brexit is the biggest political event of a generation and its aftermath may have big financial implications for touring artists and promoters paying talent overseas.”
Simon Liddell, Centtrip
Simon Liddell (pictured inset), Director of the Music and Entertainment at Centtrip, said: “Brexit is the biggest political event of a generation and its aftermath may have big financial implications for touring artists and promoters paying talent overseas.”
“As politicians continue to float various scenarios, our clients in the music and entertainment sector are looking for clarity and guidance as this summer may become a chilling reality for the industry.
“It is important that they understand they have the power to make important financial decisions now to pre-empt the effects of Brexit.”
