Anticipation is growing over the launch of music royalty share sales platform jkbx For some time, and the service finally opened its doors.
You’re not actually selling any royalty shares yet, but people can “make a reservation” to buy later. There are currently 94 royalty share offerings on the site for both compositions and sound recordings.
For example, 50,724 shares of Ryan Tedder’s stock have been offered.halo‘ (recorded by Beyoncé), with a price of $28.61, which implies a market capitalization of $1.5 million. JKBX makes money every time a song is featured, bought, sold or traded on its platform.
Creating financial incentives for fans of their favorite artists is nothing new; David Bowie sold “Bowie Bonds” in 1997 to investors to benefit from royalties from his back catalogue. Recently, other new companies have emerged such as songwest And royalty exchange,
The platform provides statistics, including the estimated royalty share yield (in this case, 3.34%); Two-year average revenue ($51.3K) and people logging in, additional streaming metrics.
He CEO Scott Cohen Plans for the show were announced at the Music Alley Next conference in April. “We have no contractual obligations with the artists. “We’re just saying it’s the right thing to do,” he said at the time. “If people are working in music, shouldn’t we find another way to include songwriters and recording artists?”
“We have a music team that has deep ties to the music industry; “We have a legal and regulatory team that has deep relationships in the regulatory and financial worlds,” Cohen says.
The available playlist includes songs from artists like U2, Adele, J Balvin, Beyonce, Bad Bunny, Ed Sheeran, Taylor Swift, Bruno Mars, Travis Scott, Ariana Grande and many more.