The artist/rights holder. Sonomo simply facilitates the 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, Sonomo allows them to collect cash up front by selling a share of future revenues.
Marketing: The more "shareholders" in a song, the more people that are incentivized in making that song get popular. By selling a % of a song, artists are able to create a bespoke "marketing team" that is truly invested in their music's success.
The initial share price offering is determined by the artist/rights holders. The market cap must fall within a range set by Sonomo in order to ensure financial sanity and protect both artists and investors. Secondary market traded shares are driven by market bid / ask offers.
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 Sonomo 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.
The contractual right to receive future revenues on the other hand, allows you to invest as little as €1, transfers in real-time and incurs minimal transaction costs.
No. We are not an NFT-based exchange. We do not use a cryptocurrency decentralized blockchain to record or to process transactions.
Simply connect your bank account. Once your account is connected, Sonomo 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). Sonomo 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 (except for countries sanctioned by the EU, UN, United States, UK, and Canada).
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 artists themselves). While music does present great investment opportunities, predicting commercial success is difficult and you should therefore exercise caution when investing.
No, we do not support cryptocurrencies.
Dreamus Company (FLO)
Facebook Audio Library
Facebook Video Fingerprinting
NetEase Cloud Music
TouchTunes / PlayNetwork Triller
United Media Agency (UMA)
YouTube Music & YouTube Content ID
Label Pro only:
Yes. If you're an artist or a Master rights holder, you will retain 100% ownership of your rights.
Yes, we only distribute to and collect royalty revenue from online streaming stores on your behalf.
If you are within the EU, we support bank transfers (SEPA). If you are located anywhere else, we support Paypal.
No, it's completely free to use.
Yes, we offer automated royalty splits on a track by track basis. We don't charge any fees to use this service. You can invite as many collaborators as you want.
While that would make us really sad, you can stop using our services at any time. There are no minimum commitments to using our distribution services. Just make sure you move out all of your music to the distributor you are moving to (if you already have music distributed through us). Our support team can help you with moving out when needed.
You can choose to distribute as little as one song if you wish. We're not pushy. A lot of artists start testing us out using one song. Then they end up moving their entire catalogue. It's really up to you.
Yes, you can try any of our plans with our 30 day free trial.