Amuse just hit 50,000 automated royalty advances through its Fast Forward platform and pushed out $10 million total to independent musicians since the service started. The Swedish company runs calculations across streaming data to figure out how much artists can grab upfront instead of waiting months for platforms like Spotify to actually pay out.
Over half the artists using Fast Forward apparently recoup their advances and come back for more, with the average user taking four separate advances. YouTube data just got added to the mix alongside Spotify and Apple Music, which the company claims makes it the only automated advanced system pulling from all three major streamers. Colombian hip hop artist UNIVERSE said the feature helped fund equipment purchases early on when cash flow was tight.
Over half the artists using Fast Forward apparently recoup their advances and come back for more, with the average user taking four separate advances. YouTube data just got added to the mix alongside Spotify and Apple Music, which the company claims makes it the only automated advanced system pulling from all three major streamers. Colombian hip hop artist UNIVERSE said the feature helped fund equipment purchases early on when cash flow was tight.
