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Royalty Exchange opens up new Royalty Flow business to investors
By Chris Cooke | Published on Tuesday 28 November 2017
Royalties market place Royalty Exchange yesterday announced that investors can now put themselves forward to participate in the firm’s new sister business Royalty Flow.
As previously reported, Royalty Exchange is an online royalty marketplace that allows songwriters, musicians and other music right owners to auction off portions of their future royalties. It launched new sister company Royalty Flow in September so that it could itself “acquire and hold royalties from music catalogues of the world’s biggest music artists”, kicking things off by acquiring a stake in the royalties of Eminem producers the Bass Brothers.
It is now seeking investors to back the new business and yesterday announced that “interested investors can now place their orders for shares in the company’s Regulation A+ IPO”. So that sounds like fun.
The company goes on: “Royalty Flow seeks to raise at least $11 million through the IPO … it intends to use the proceeds to acquire premium, royalty generating assets so that investors can participate directly in the growth of the music industry. The first such asset identified is the production company’s master sound recording royalties from the 1999-2013 recording catalogue of hip hop superstar Eminem”.
Royalty Flow’s Executive Chairman Matthew Smith added: “Royalty Flow provides investors direct access to not only the growing music business, but to only the most premium, cherry picked catalogues within the music industry”.
