The music business is open for business.
Royalty Exchange has announced that their subsidiary, Royalty Flow, filed to offer its shares to the public. Under Title IV of the 2012 JumpStart Our Business Start-up (JOBS) Act, known as “Regulation A+”, this will allow individuals to invest in music royalties.
The first of the recording catalogs to be available will be Eminem royalties from 1999-2013. Royalty Exchange is working with Jeff and Mark Bass to make this possible. Jeff and Mark are the producers who first signed Slim Shady.
The minimum buy-in is expected to be around $2,250 for 150 shares, or $15 per share. After what they call the “mini-IPO,” Royalty Flow intends to list on the public stock exchange.
This is a certified game-changer. It will be interesting to see what the results are from the Initial Public Offering.
To stay updated on this offering, visit here.
