New York-based Round Hill Music has launched a new neighbor rights division called Sound Hill.
Round Hill has been earning its own label share of neighboring rights since 2015, and the company says the introduction of Sound Hill “is an acknowledgment that this is one of the fastest growing sources of income in the music industry”.
Sound Hill is overseen by Robert Brenner, Round Hill’s manager of royalty services and label operations.
His team will be responsible for ensuring that each artist’s repertoire is accurately registered with neighboring legal entities around the world, that international income is tracked and that data is optimized.
An integral part of Sound Hill’s offering will be the provision of royalties for neighboring rights.
The Company intends to pay cash for the acquisition of all or part of these rights or cash advances in exchange for long-term management rights with a pre-determined commission on the royalties collected.
According to Sound Hill, this is “a potential lifeline for tour artists who may need funding to save them during the ongoing COVID-19 crisis”.
“With the introduction of Sound Hill, it is recognized that this is an area where our company can bring real value to artists.”
Robert Brenner, Round Hill
Robert Brenner said, “Round Hill has been collecting its own share of neighboring rights for many years and the introduction of Sound Hill confirms that this is an area where our company can bring real value to artists and others in need of a highly efficient collection service in addition to license fee financing. “
“We always strive to provide more service to our artists, and Sound Hill will enable us to offer them and others great service.”
Josh greetings, Round Hill
Josh Gruss, CEO of Round Hill added, “We are always looking to provide more services to our artists and Sound Hill will enable us to provide them and others with first class service led by an amazing team that has the experience and expertise to maximize the tremendous opportunities now available in this rapidly growing space. “Music business worldwide