beatBread adds songwriter advances up to $3 million

beatBread has launched a Songwriting Advance Division, which will offer advances of up to $3 million to songwriters, building on its success in providing streaming advances to artists, distributors, and independent labels over the past three years.

Publishing advances from beatBread are available for existing catalogs and unreleased songs.

The new division is led by veteran music publishing executive Spencer LeBoff, who has joined beatBread as General Manager of Publishing from BMG Music Publishing.  

MORE: beatBread has $100M available to fund indie musicians

Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.