New York-based Round Hill Music has launched a new neighboring rights division called Sound Hill.
Round Hill has been collecting its own label share of neighboring rights since 2015 and the company says that the launch of Sound Hill “is in recognition that this is one of the music industry’s fastest-growing revenue streams”.
Sound Hill will be overseen by Robert Brenner, Manager of Royalty Services and Label Operations at Round Hill.
His team will be responsible for ensuring each artist’s repertoire is registered accurately with neighboring rights societies worldwide, tracking international income, and optimizing data.
A key part of Sound Hill’s offering will be the provision of royalty financing for neighboring rights.
The company aims to pay cash for a full or partial acquisition of these rights, or cash advances in exchange for long term administration rights with a pre-determined commission on the royalties collected.
Sound Hill says it views this as “a potential lifeline for touring artists who may require financing to tide them over during the ongoing COVID-19 crisis”.
“The launch of Sound Hill acknowledges that this is an area where our company can provide real value to artists.”
Robert Brenner, Round Hill
Robert Brenner said: “Round Hill has been collecting its own label share of neighboring rights for many years and the launch of Sound Hill acknowledges that this is an area where our company can provide real value to artists and others who need a highly efficient collection service alongside royalty financing.”
“We are always looking to offer more services to our artists and Sound Hill will give us the ability to provide them and others with a world class service.”
Josh Gruss, Round Hill
Josh Gruss, CEO of Round Hill added: “We are always looking to offer more services to our artists and Sound Hill will give us the ability to provide them and others with a world class service run by an amazing team who have the experience and expertise to maximize the huge opportunities now available in this fast-growing space.”Music Business Worldwide