Sound Advice - June 2008

I once heard that "you are entitled to your own opinions, but not your own facts." Despite the struggles of the major labels' out-dated business model, the demand for music has never been greater. As new technologies create new platforms and packaging possibilities for music, it is our individual and collective responsibility to evolve our value proposition to our clients. Here at Lyric Financial^TM, we are excited to create funding solutions that support independent music companies that understand how to communicate directly with their customers.

FastForwardMyRoyalties^TM

The debut of our FastForwardMyRoyalties^TM program for BMI affiliates has been outstanding. We have received more than 150 requests for more than $5.2 million in advances since the program began a mere six months ago. The requests have come from all over the globe, LA to London and Philly to Paracuru, Brazil. It just goes to show how wide the reach of the creative community extends. Funding for catalog loans continues, contrary to the well publicized credit crunch in the mortgage industry. It appears that the market for copyrights is still quite active as publishers look to take advantage of more reasonable valuations to build value and diversity in their catalogs. Periodically, you'll hear from the Lyric Financial family with updates on the industry and our products, or as we learn something that we think you ought to know. We look forward to your responses, feedback, and continued support of our company as we champion the creative spirit of the music community by making a few of the financial challenges a little easier.

Keep It In The Groove,

Eli Ball
CEO Lyric Financial

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Lyric Financial Welcomes...

Please join me in welcoming Joseph Moran to the Lyric Financial team as loan processor and analyst. He comes to Lyric after more than eight years at Regions Bank. Joseph completed his MBA from Belmont University in December 2007. He is a fan of just about every music genre. He snowboards in the winter and plays golf in the summer. Joseph has been to nearly every country in western Europe, Mexico and Argentina.

Interesting tidbits about Joseph...he can solve a Rubix Cube in less than 2 minutes and he posts home improvement videos on youtube.com.