Mechanical Royalty Advances Now Available

I am proud to announce that we are now funding advance requests for writers and publishers who have agreements with the major publishers, UMG, Warner Chappell, EMI and Sony. Over the past year, LYRIC Financial has received over 500 requests from songwriters, artists, producers, and publishers for advances on their performance royalties. Many of you requested that we consider working with your other royalty streams as well. So, last fall we began working on expanding our royalty advance program to include mechanical royalties. While mechanical royalties are not as strong as they once were, they are still a significant source of income to many writers and publishers. We have worked diligently to create the same simple, safe and transparent process as we have for performance royalty advances.

Go to our website today to apply for your mechanical royalty advance www.lyricfinancial.com. Minimum request size is $25,000.

Mechanical Royalty Advances Now Available

$ound Advice

I am proud to announce that we are now funding advance requests for writers and publishers who have agreements with the major publishers, UMG, Warner Chappell, EMI and Sony. Over the past year, LYRIC Financial has received over 500 requests from songwriters, artists, producers, and publishers for advances on their performance royalties. Many of you requested that we consider working with your other royalty streams as well. So, last fall we began working on expanding our royalty advance program to include mechanical royalties. While mechanical royalties are not as strong as they once were, they are still a significant source of income to many writers and publishers. We have worked diligently to create the same simple, safe and transparent process as we have for performance royalty advances.

So give me a call today or go to our website to apply for your mechanical royalty advance www.lyricfinancial.com. Minimum request size is $25,000.

Eli Ball

Founder of LYRIC Financial

615-739-6515

eli@lyricfinancial.com

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Did you know?

Did you know that Lyric Financial also offers Catalog Loans & Tour Advances? We've got tools for all kinds of music folks with all kinds of needs. Call us today at 615-739-6515 for more information or email us at eli@lyricfinancial.com.

LYRIC Success Stories

Loni Rose may have bloomed in Seattle, but this busy Americana songwriter is spreading her roots and growing her way into a global market. From film soundtracks to center stage, the spotlight is shining on this talented artist.

Rose is more than just another pretty face trying to blossom behind a microphone in a local dive bar. Her songs have been featured in films like "American Pie," and television shows such as "America's Next Top Model," "Road Rules" and "Meet My Folks." She's also no stranger to the center stage, sharing the stage at Lilith Fair alongside Sheryl Crow and playing dates with acclaimed superstars Nelly Furtado, Smashmouth, Shawn Colvin, Blues Traveler, Everclear and Chris Isaac.

In 2008, Loni turned to LYRIC for financial assistance. She needed an advance on her BMI royalties to help master and promote her record, "The Shine Sessions." After a little help from LYRIC, she was able to get her album where it needed to be: in the hands of eager fans.

Following the album's 2008 release, "The Shine Sessions" was an "Editors Pick" at cdbaby.com, and the single, "Wrong Way Back," was recently featured on an episode of Great American Country's "The Next GAC Star."

Since LYRIC came in to lend a hand, Rose has signed with Mojo Management and is co-writing with some of Nashville's top writers. Her career is on the fast-track to success and shows no signs of slowing down. This is why we do what we do! We are honored to be part of Loni's team.

Learn more about Loni on her website and MySpace page.

Use a Royalty Advance To Pay Your 2008 Taxes

$ound Advice

"Let me tell you how it will be, there's one for you, nineteen for me....yeah, I'm the tax man." George Harrison's lyrics are once again timely as April 15th is around the corner, and for most of us that means paying our tax bill. Royalty advances can be an attractive means of paying your 2008 taxes, not only because of the convenience, but also because an advance allows you to use next year's income at this year's tax rates (rather than the increased tax rate that is likely next year if the White House and Congress have anything to say about it). And that goes double for those of you who are fortunate to earn more than $250k a year.

Let me explain - Our royalty advances are technically a purchase of a fixed amount of future income for a discounted sum certain. Or in plain English, our royalty advances are a sale of a specific amount of your future royalties for an agreed price today, i.e., we purchase $11,500 of your future royalties for $10,000 today. No liens, no credit hassles and no risk to you or the ownership of your songs.

So give me a call today or go to our website to apply for your royalty advance, www.lyricfinancial.com. "Yeah, he's the tax man and you're working for no one but him."

Eli Ball

Founder of Lyric Financial

615-739-6515

www.lyricfinancial.com

eli@lyricfinancial.com

Note - Consult your tax adviser for specifics on how a royalty advance may affect your tax situation.

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Did you know?

Did you know that Lyric Financial also offers Catalog Loans & Tour Advances? We've got tools for all kinds of music folks with all kinds of needs. Call us today at 615-739-6515 for more information or email us at eli@lyricfinancial.com.

Royalty Advances Available from LYRIC Financial

$ound Advice

Music Royalty Advances and Catalog Loans Available

With all of the negative headlines regarding the banking industry and our economy, one would think that there is little hope in obtaining financing in today's market. However, if you earn music royalties with your catalog, you should think again.

Music royalty streams have shown themselves to be relatively recession-proof and consequently, they provide an attractive source of collateral for their creators. LYRIC Financial positioned itself outside of the capital markets of Wall Street and mortgage-dependant system of traditional banks. Instead, LYRIC focuses specifically on music assets. While this does not lessen the pain to your 401(k) or the depreciated value of your house, it does remind you that there is an alternative in the strength of your catalog.

Our FastForwardMyRoyalties advance program received more than 400 requests for funding in 2008 from songwriters, musicians, artists, managers, producers, estates, publishers and record companies across the US and internationally. In addition, LYRIC continues to process catalog loans and lines of credit for larger requests that allow you access to the equity in your catalog - without having to sell your songs. Our goal is simple; to keep you, the creator who shapes the invisible with your music, in control of your creations.

For more information on our FastForwardMyRoyalties advance program or catalog loans please visit our website at www.lyricfinancial.com or give me a call directly, 615-739-6515.

Keep it in the Groove,

Eli Ball - CEO

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LYRIC Success Stories

Dave Pahanish (Co-writer and Co-producer of Jimmy Wayne's number

1 country hit "Do You Believe Me Now?")

Struggling writer/artist risks everything to move to Nashville from Pittsburgh...taking any gig he can get, free or otherwise, to survive and move his career forward. His work and investment pays off. He scores a publishing deal with Cole Wright, of Wright of Center Music. He focuses on his writing, building his network of contacts in the music industry, and continues to perform on any stage that will have him...hooks up with a young unknown country artist to collaborate on a few songs.

Turns out that young unknown country artist was Jimmy Wayne, whose album "Do You Believe Me Now?" became one of the top success stories in 2008. However, just when Dave's career began to take off, cash flow remained a problem, as the royalties he earned from that hit would not be paid out, until the following year. That is when Dave came to Lyric Financial. A mutual friend from BMI referred Dave to our FastForwardMyRoyalties advance program.

The next day, Dave had his money and was on an airplane to Austin, TX for his next gig. Today, Dave is well on his way. He is co-writer/co-producer for Jimmy Wayne's follow-up hit, "I Will" (currently 21 on Billboard this week and rising). We really believe Dave's talent and work ethic are going to take him far in this industry and are very proud to be part of his team, providing him with the financial resources to build his career -- Think about it, we could do the same for you.

Lyric Financial Welcomes...

Please welcome Katie Michaelson to the Lyric Financial team as a client relationship manager.

Katie went to school at the University of Wisconsin Oshkosh. She graduated with a BA in Political Science (Legal Studies emphasis) and minored in History. Katie worked in the mortgage industry for five years before coming to Lyric.

FYI, Katie's two favorite things: helping clients and shoes!

Tax Treatment for Songwriter Catalogs

$ound Advice

I recently had lunch with two of my esteemed colleagues. One is a leading accountant in the music industry and the other is an attorney/songwriter advocate.

We were discussing the tax benefits of selling a songwriter’s catalog vs. using a line of credit based on the equity value of the catalog. Many artists and songwriters have been selling – or are considering selling – their songwriter’s share, based in part on the recent capital gains treatment alluded to (but not yet ruled on) in H.R. 4297 – The Tax Relief Extension Reconciliation Act. NSAI and others did a great job of moving this important issue forward, and it has now been signed into law. However, the IRS has yet to rule on the interpretation of the law, i.e., how to treat a songwriter’s future royalty rights. The consensus of my recent lunch and conversations with other tax professionals on the question of whether capital gains vs. ordinary income tax treatment should be used for the sale of a songwriter’s catalog is that it is still very much a grey area – until the IRS decides to make a specific ruling on the issue. The bottom line is this: If you or your client are deciding on whether to sell or leverage the equity in a songwriter catalog, you should seriously consider the possibility that such a sale could be treated as ordinary income (at a higher rate) by the IRS in the future. On the other hand, you could take advantage of a smart alternative and tap into the catalog’s equity through a lo

an or line of credit. This option offers you immediate access to the equity in the catalog, while delaying the majority of the tax liability to later years and letting the future royalties repay the loan. Best of all, at the end of the day, you or your client still own the catalog.

Keep it in the groove,

Eli Ball
CEO Lyric Financial

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Events

For those who could not attend, last month’s Atlantis Music Conference was outstanding (http://www.atlantismusic.com/). The clear benefit of the Atlantis Conference is that it is serious enough to attract an impressive array of professional and creative talent, while remaining intimate enough to make networking and showcases meaningful. Better yet, it’s hosted in Hotlanta! Shout-outs to Mark Willis, Rich Levy, Kathy Stringer and the whole Atlantis team for a job well done. While in town our friends at BMI co-hosted a receptioin with LYRIC at the Luckie Lounge...it was a fantastic event! Many thanks to the fabulous Catherine Brewton, David Claasen and Byron Wright.

LYRIC and BMI rock Hotlanta!

Sound Advice - August 2008

My father went to heaven this past month on July 26th. At his memorial service, I was asked what one thing I remember most about him. My answer: He was a simple man who worked hard without complaint, who loved his family and put the needs of those around him above his own. To me that is the true measure of greatness. In today's hyper competitive, 24/7, look-at me, media-saturated world, it is easy to lose track of the simple things that make our God-given life so wonderful - love, family, friends, our co-workers, the person in front of you in line. Treating each other as we ourselves would like to be treated. That's the legacy that my father left me and, for that, I am blessed. So take time to spend with your loved ones, respond to a snarl with a kind word or smile and be grateful you are alive and have the ability to make a difference in someone's life everyday.

Eli Ball

CEO Lyric Financial

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NEWS

We are very honored to welcome award-winning writer/recording artist Al Kapone (whose hit songs, "Whoop That Trick," "Snap Yo Fingers," and "U & Dat" were featured in the hit feature films "Hustle and Flow" and "Stomp the Yard") to the LYRIC Financial family as our first "Director of Artist/Writer Relations." Al is also the current President of the Memphis Chapter of NARAS and a member of their Grammy Screening Committee. He will be responsible for reaching out to the urban-hip/hop community on behalf of LYRIC Financial, as well as assisting us in crafting our educational message and product designs. His first outreach will be as the host of a VIP Reception following the BMI Producer Panel at the Atlantis Music Conference in Atlanta, Sept 17-20th, www.atlantismusic.com. Al and I are also participating as panelists at the conference. Learn more about Al on his site: www.myspace.com/alkaponememphis.

PRODUCT UPDATE

We at LYRIC are continuing to reinvent the financing concept for music professionals and companies. Our FastForwardMyRoyalties advance program for performance royalty income is a huge success. Building on that success, we hope to extend our advance program to include mechanical royalties in the near future. Mechanical income, while declining to some extent from illegal downloads and the move of consumers away from albums to singles, is still, and will continue to be, a significant source of income for many songwriters, producers and publishers in the music community. We hope to have more details for you this Fall.

UPCOMING EVENTS

September 9th - R&B Foundation Pioneer Awards. A wonderful organization solely dedicated to preserving Rhythm & Blues music and celebrating the artists who create it. This year will be the gala celebration of the Foundation's 20th Anniversary that will bring together the royalty of Rhythm & Blues, along with a veritable "who's who" of the entertainment industry. For tickets and info: www.rhythm-n-blues.org.

And remember you can either come from love or fear...it's not a big menu, you make the choice.

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.