Centtrip Helps Music Industry Get ‘Brexit-Ready’

22 January 2019 - Press release

Music Industry Finance Specialists Launch Dedicated Brexit Desk

Centtrip, the treasury, international payments and foreign-exchange specialist, has launched a dedicated Brexit desk to help touring artists, promoters, distributors and the wider music industry plan for further uncertainty and avoid future risks, unnecessary costs and disruption.

Centtrip’s new specialist team will be on hand to analyse the current economic and political landscape, evaluate its impact and devise an efficient foreign-exchange strategy.

Run as part of Centtrip’s extensive specialist services, the Brexit desk will help clients navigate the choppy waves of Brexit and prepare for all eventualities.   

Constantly changing currency rates can greatly affect the income of artists and music businesses working globally.

Centtrip’s specialist division focusing on the music and entertainment industry was launched in 2016 to maximise foreign income and minimise payment and international touring costs with its smart products such as an award-winning Centtrip multi-currency Mastercard®. The company now manages foreign income, expenditure, international payments and more complex treasury for more than 400 international artists.

Simon Liddell, Director of the Music and Entertainment division at Centtrip, said: “Brexit is the biggest political event of a generation and its aftermath may have big financial implications for touring artists and promoters paying talent overseas.” 

“As politicians continue to float various scenarios, our clients in the music and entertainment sector are looking for clarity and guidance as this summer may become a chilling reality for the industry,” Simon added. “It is important that they understand they have the power to make important financial decisions now to pre-empt the effects of Brexit.”

The dedicated Centtrip Brexit desk can be contacted on + 44 (0)20 3735 1747 or brexitdesk@centtrip.com