Advances
Type: noun
Pronunciation: /ad-van-siz/
Also spelled or known as: Advance Payment, Royalty Advance
Singular: Advance
Related: Recoupable
What does Advances mean? Money paid to an artist or songwriter before the recording or release of a song or recorded work.
Advances are payments made by record labels, publishers, distributors, or other companies to artists, songwriters, producers, or creators before royalties or revenue are earned.
In the music industry, advances are often recoupable, meaning the company may recover the amount from future royalties before additional payments are made.
Advances can be provided for recording, publishing, touring, marketing, or other business purposes.
Advances synonyms: Advance, Advance Payment, Upfront Payment, Royalty Advance
Example sentence: “The indie label has recouped all their advances.”
PRE-ORDER RECORDING BUSINESS DICTIONARY