Alignment Artist Capital to provide up to $20m in funding for musicians
A firm co-founded by Octone Records head James Diener (pictured) and backer Howan Lipson is looking to provide musicians with funding payouts worth between $5 million and $20 million.
Titled Alignment Artist Capital, the venture is being funded by asset manager BlackRock.
After dishing out structured investments, Lipson and Diener will take between 10% and 20% of the artist's total income over four to five years. Alignment won't have an equity stake in any assets.
The cash is ...
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