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Offline sschechter

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BitShares Music just got some competition
« on: June 11, 2014, 03:02:14 AM »

If you're a 3 Doors Down fan and an accredited investor, then you might be intrigued by a new investment vehicle that lets you own royalties from the band's popular songs.

Just last week, the band's producer put up for auction his royalty rights to 11 tracks. Starting at $5,400 a share, you can own a portion of that portfolio and receive royalty revenue monthly for the next 35 years.

He's among a growing number of songwriters and producers using a 3-year-old technology platform called Royalty Exchange to sell intellectual property rights at auction and, in many cases, to use the cash to fund other projects. The 3 Doors Down producer plans to use his proceeds to build up his indie label and fund a new studio.


http://www.usatoday.com/story/money/business/2014/06/09/baverman-entrepreneurs-and-startups-royalty-exchange/10012941/

However, you need to be an accredited investor.
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Offline toast

Re: BitShares Music just got some competition
« Reply #1 on: June 11, 2014, 03:05:10 AM »
* centralized exchange
* you need to be an accredited investor

"competition"?
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Offline donkeypong

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Re: BitShares Music just got some competition
« Reply #2 on: June 11, 2014, 04:31:36 AM »
He's just selling his royalties. That is NOT competition.

Offline cass

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Re: BitShares Music just got some competition
« Reply #3 on: June 11, 2014, 09:36:39 AM »
yup also thinking *not a competitor... :)
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Offline CLains

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Re: BitShares Music just got some competition
« Reply #4 on: June 11, 2014, 02:16:42 PM »
everyone is a competitor, just some are not very good ones
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Offline Empirical1

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Re: BitShares Music just got some competition
« Reply #5 on: June 17, 2014, 04:02:15 AM »
He's just selling his royalties. That is NOT competition.

I agree it's not competition. I think being able to buy royalty rights for a few years is cool though.

Good to see this story gets on usatoday which has a few million readers. Makes me think if we get one/two decent names that Bitshares Music is the kind of thing that will get a lot of press too.

 

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