Payout provider will provide localized, multi-currency payout options for globally-dispersed artists.
San Francisco, California – Hyperwallet, a leading global payouts provider to millions of independent workers, today revealed its partnership with USA Media Rights, a music and media rights company providing a broad range of music business services. Through this strategic alliance, USA Media Rights will continue to connect Hyperwallet with music industry organizations to improve the processing and delivery of royalty payments for recording artists, music producers, and songwriters worldwide.
“Historically, it has not been a priority for the music industry to make sure royalty payments reach recording artists, record producers and songwriters in a way of their choosing,” explained Erik Steigen, CEO of USA Media Rights. “The process of getting paid can be extremely cumbersome. Several of the larger companies still require physical paperwork to be signed and notarized in order to process basic necessities such as changing a mailing address or the contact information for authorized representatives, not to mention the initial set-up for payment. As the music business becomes increasingly international, there are a tremendous number of globally-dispersed contributors that have difficulty receiving their hard-earned royalties. We believe Hyperwallet is the solution to that issue.”
“USA Media Rights has been instrumental in bringing Hyperwallet into the music industry,” said Brent Warrington, Hyperwallet’s CEO. “With their vast experience as industry insiders, they recognized that royalty payments were an area where we could work together to improve the experience for music organizations and artists alike. We admire USA Media Rights’ commitment to their clients’ success and look forward to our ongoing partnership.”
Utilizing Hyperwallet’s global payout network, music organizations are expected to substantially reduce the frustrations that come with cross-border royalty payments, where payees have traditionally been subjected to high foreign exchange fees and lengthy delays. Hyperwallet will enable international artists to quickly receive their royalties in their local currency, in addition to providing a range of diverse payout options and a self-serve online earnings portal.
About USA Media Rights
USA Media Rights is a music and media rights company established by Erik Steigen in 2012 and built on over 20 years of music business experience. Clients and partners include songwriters, recording artists, music producers, publishers, record labels, talent managers and other service companies. For more, visit http://www.USAmediarights.com.