Celebrities | JKBX Launches Music Royalty Asset Share Buying Platform

JKBX has introduced that its platform for buying shares of music royalty property is now reside.

The platform will attraction to each seasoned buyers and music followers who’re new to the world of music investing, JKBX (pronounced “jukebox”) stated in a Monday (March 4) publish on LinkedIn.

“For many who could also be new to JKBX, we’re a platform that makes investing in music royalty property accessible, permitting people such as you to share within the success of the music trade. is,” the corporate stated within the publish. “Each time the music performs, somebody makes cash, and now that somebody may very well be you.”

The Wall Road Journal (WSJ) reported on Wednesday (March 6) that JKBX launched a securities providing platform backed by music royalty streams, following its first providing by the Securities and Trade Fee (SEC) final week.

Based on the report, a number of the songs recorded by artists similar to Beyoncé, Taylor Swift, Adele, OneRepublic, U2, Stevie Surprise and Main Lazer are listed on the platform.

Lots of the firm’s present listings are producing yields of three% to 4% at a time when cash market funds are providing round 5%, the report stated.

Buyers on the platform are betting {that a} music they spend money on will earn royalties if it is used on a TV present or goes viral, JKBX CEO Scott Cohen stated within the report. Charges and streams will see a bounce.

Based on the report, JKBX doesn’t enable buying and selling, so buyers can’t promote shares of songs they purchase on the platform. The corporate stated it plans so as to add an choice to promote when sure additional regulatory necessities are met.

In an earlier challenge associated to music royalties, it was reported in 2022 that pop act The Chainsmokers would challenge non-fungible tokens (NFTs) to provide followers a slice of streaming royalties from an album the band launched. Time was operating out. .

5 thousand NFTs got away totally free, giving holders a collective 1% of royalties from the album in addition to precedence entry to live performance tickets and free merchandise. Band member Drew Taggert stated the group is doing this to reconnect with followers.