Lyric Financial Launches Film & Television Division
Leading entertainment financial services company, Lyric Financial, is excited to announce the launch of its film and television division. The goal is to give independent filmmakers, producers and financiers more immediate access to their participations, royalties, license fees, and other earnings from new and emerging media platforms such as: Netflix, Amazon Prime, Hulu, Facebook Watch, amongst others. Based in Los Angeles, the venture is being spearheaded by industry veteran, Craig Sussman.
“It is time to change old ways of thinking when it comes to entertainment financing. The film and TV communities need meaningful financial solutions. The birth of this division is exciting and timely. I welcome the opportunity to help the communities that have meant so much to me over the years,” said Sussman.
Lyric Financial will now be able to provide advances on film/TV royalties, license fees and payments. This gives creatives the much-needed cash flow to start work on new projects without having to wait long periods for payments or having to borrow money.
“We have had the ability to serve the music community with the same innovative financing techniques for over a decade. Now it’s time we offer filmmakers, producers and financiers the same service” says Sussman. “Based on our unique ability to forecast earnings based on trend analysis, we are able to help creatives cash flow their needs. This is a game changer.”
Looking ahead to 2019, Lyric Financial will continue growing their international client base and expanding their entertainment technology footprint. The company will be announcing new products and services to better serve the global entertainment community in the coming months.
About Lyric Financial:
Music industry veteran, Eli Ball founded Lyric Financial in 2007, with the mission to empower artists for life by providing them with realistic financial solutions to fit their needs. With services that include royalty advances, catalog loans and lines of credit designed specifically for the entertainment industry, Lyric Financial has become the leader in entertainment financing. Lyric Financial is proud to work with all the major recording companies, music publishers, music distributors, ASCAP, BMI, SESAC and SoundExchange, as well as, an honored member of the American Association of Independent Music (A2IM).
In early 2017, Lyric Financial launched an innovative virtual ATM with SonyATV and Tunecore that automates the advance process. The system allows artists, songwriters, indie labels and publishers to view their projected earnings and request a cash advance on their royalties or sales on demand. The vATM gives creatives immediate access to their royalties. Since the introducing the vATM, Lyric Financial has served clients in over 30 countries.