Who we help / Music & entertainment
FX for music and entertainment.
Show fees in euros, royalties in dollars, an agent paid in dirhams and tour costs in all of them. Collect, hold and pay in each currency, with one named team on call 24/7, wherever the tour is.
- Show fees, royalties and tour costs in one place
- Paid like a local via SEPA and ACH
- On WhatsApp in every time zone
Common challenges
Where does money leak in music and entertainment?
The money is global. The banking usually is not, and a small cut comes out at every step.
Conversions
Paid in euros, converted twice
A fee paid in euros lands in a dollar or sterling account, then gets converted back to pay local crew and hotels.
Cost
The bank keeps a cut of every fee
At a 2% margin, $5,000,000 of international income costs $100,000 in conversions alone.
Timing
Budget at one rate, paid at another
Deposits go out at one rate and balances at another, so a tour that worked on paper loses money in practice.
Speed
Money stuck between territories
Slow international payments, fees on every receipt and accounts spread across several providers.
Who we work with
Who in music and entertainment uses BLK.FX?
Anyone who gets paid in one currency and spends in another, usually on a deadline.
Talent
Artists and DJs
Show fees, festival bookings and residencies abroad, with accounts that let you get paid and pay costs in the same currency.
Management
Managers and agencies
Talent agencies and management companies collecting for several artists and paying out fees, salaries and costs.
Rights
Labels, distributors and publishers
Royalties and advances arriving from several territories, collected in each currency and converted when it suits you.
Live
Promoters, festivals and events
Supplier deposits and balances in other currencies, with rates fixed so the event budget holds.
Every music event budget has a blind spotClient story
How a leading music talent agency gets paid worldwide
PM Only is a top music talent agency, and part of Tiësto's management. Its artists are paid for gigs and shows all over the world, in whatever currency the promoter pays in. Here is what BLK.FX set up.
- Multi-currency accounts to collect each artist's international income
- Gig and show fees invoiced and received in the promoter's own currency
- Operational and salary payments sent from the same accounts
“Ben and BLK.FX helps with our FX management and allows us to accept payments worldwide. He gets us far better exchange rates than our bank in the US and we have saved thousands from using the service.”
Paul Morris, PM Only, Tiësto's management
Trusted across the music industry
Tiësto · Isekai Records · Brazen Group · EGA Distro · 45 Entertainment
On the road
How does it work across a tour?
Set up around the routing, not the bank's working hours.
01
Before the first date
Accounts opened in the currencies on the routing, and rates set for deposits and balances so the tour budget holds.
02
During the run
Show fees collected locally in each currency, with crew, hotels and production paid from the same balance.
03
After the last show
What is left converted once, at a time that suits you, with every date's income and costs easy to reconcile.
Common questions
Questions artists, managers and promoters ask us.
Can an artist be paid in euros or dollars without converting straight away?
Yes. Fees and royalties land in an account in the currency they were paid in, and stay there until you decide to convert. If you have costs in that currency, you can pay them straight from the same account and convert nothing at all.
Can promoters and agents pay us like a local?
Yes. Accounts come with local details, so a promoter in Europe can pay by SEPA in euros and a US agent can pay by ACH in dollars, instead of an expensive international wire. Payments can still go out by SWIFT anywhere else.
Can we lock in rates for a tour before it is announced?
Yes. Rates can be set for each date's deposit and balance before tickets go on sale, so the artist guarantee and ticket prices are worked out against costs that will not move. FX risk management
Do you work with management companies and agencies with several artists?
Yes. Each artist or company can have its own accounts in its own name, so income and costs stay separate, while you deal with one named team across all of them.
Can you help with royalties paid from several territories?
Yes. Royalties from labels, distributors and collection societies can be collected in the currency each one pays in, then converted together at a time that suits you rather than every time a payment lands.
Free FX review for music and entertainment
Tell us where the money comes from.
Bring the currencies you are paid in and the ones you spend in. In 30 minutes you will know what conversions are costing you and how to keep more of every fee. Free, and no obligation.
Book a call with our team