Advances

An advance is an upfront payment against your future royalty earnings:

• Definition: A lump sum payment provided before your royalties are earned.
• Purpose: Provides immediate funding for artists, producers, and rights holders.
• Recoupment: The advance is gradually paid back from future royalty earnings.
• No Risk: If royalties don't cover the advance, you typically don't owe the difference (subject to terms).

Advance eligibility is based on several factors:

• Earnings History: A track record of consistent royalty earnings.
• Account Standing: Good account status with no outstanding issues.
• Contract Type: Your agreement with MIXLE must allow for advances.
• Catalog Value: The estimated future value of your catalog.
• Existing Advances: Whether you have unrecouped advances already.

Advance amounts are typically calculated based on 6-12 months of projected earnings.

If you're eligible, requesting an advance is straightforward:

1. Check Eligibility: Navigate to Dashboard > Advances to see if you're eligible.
2. Review Options: See the advance amounts and terms available to you.
3. Select Amount: Choose the advance amount that suits your needs.
4. Review Terms: Carefully read the advance agreement and terms.
5. Accept Agreement: Digitally sign the advance agreement.
6. Receive Funds: Once approved, funds are added to your balance for withdrawal.

Recoupment is the process of paying back your advance:

• Automatic Deduction: A percentage of each royalty payment goes toward your advance balance.
• Recoupment Rate: Typically 70-100% of royalties until fully recouped.
• Timeline: Depends on your earnings - higher earnings mean faster recoupment.
• Tracking: Monitor your recoupment progress in your dashboard.

Stay informed about your advance status:

1. Dashboard Overview: Your advance balance is displayed on your main dashboard.
2. Detailed View: Go to Advances to see full details.
3. Information Available:
   • Original advance amount
   • Remaining balance
   • Total recouped to date
   • Estimated time to full recoupment
   • Recoupment history

Information about having multiple advances:

• Eligibility: You may be eligible for additional advances once you've recouped a significant portion of existing ones.
• Stacking: Multiple advances may be combined into a single recoupment schedule.
• Limits: Total advance amount is typically capped based on your projected earnings.
• Terms: Each advance may have its own terms and conditions.

Understanding the risks and protections:

• No Personal Liability: In most cases, you are not personally liable for unrecouped advances.
• Continued Recoupment: Advances continue recouping as long as you earn royalties.
• Contract Matters: Always review your specific advance agreement terms.
• Communication: If concerned, contact support to discuss your options.

MIXLE takes on the risk when providing advances - we believe in your potential!

Q: Is an advance the same as a loan?
A: No, advances are not loans. They are prepayments against future earnings and typically don't accrue interest.

Q: Can I pay back my advance early?
A: Yes, you can make lump sum payments toward your advance balance to speed up recoupment.

Q: Does an advance affect my royalty rate?
A: No, your royalty rate stays the same. Only the timing of when you receive payments changes.

Q: How long does advance approval take?
A: Most advance requests are processed within 1-3 business days.