Raise real money from the people who already stream you, keep your masters, and skip the label advance. Here is the math on a single illustrative artist.
Say you own your masters and your catalog earns $80,000 a year in net streaming and publishing royalties. Here is how a fan raise would run.
| Option | What it costs you | Do you keep your masters? |
|---|---|---|
| Label advance | Recoupable debt against future royalties, plus creative control | Usually no |
| Sell your catalog | The asset, forever — you never earn from it again | No |
| Royalty-backed loan | Fixed repayments with interest, whether the catalog performs or not | Yes, but you owe |
| Encore fan raise | A minority slice of royalties, no debt, no repayment | Yes — all of them |
Send us your monthly listeners and trailing royalties and we'll model your raise.
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ILLUSTRATIVE ONLY. The artist, figures, and valuation above are a hypothetical example to show how an Encore Markets fan raise is structured. They are not a quote, a valuation of any specific catalog, or a promise of results. Encore Markets, Inc. is not a broker-dealer, funding portal, or investment adviser. Any offering would be made only through a registered intermediary and definitive offering documents filed as required by law, including a Form C. Streaming royalties are variable and can decline, and these securities are speculative and involve risk, including loss of principal. © 2026 Encore Markets.