That’s right, folks!
Detroit rapper Eminem’s royalty catalog is up for grabs! He is not involved in the venture.
$2,250 for 300 shares at $7.50 per share is the minimum investment.
Royalty Flow, a company owned by Royalty Exchange (based in Denver, Colorado), has filed paperwork with the SEC. Once they have raised the capital, they will list with Nasdaq under the ticker symbol RLTY.
Royalty Exchange is an online marketplace for buying & selling music royalties. They acquire royalty-generating media assets for the rights holders.
Royalties come from copyrights (ie: compositions and recordings) and thanks to the Jobs Act, you can sell an interest in royalty streams and still keep the copyright.
Royalty Flow’s recent IPO hopes to raise $50 million dollars to acquire a 25% stake of the Bass Brother’s FBT Productions (Ferndale, MI), a music company which gets royalties on Eminem recordings (circa 1995-2013).
Eminem has sold over 170 million albums, bagged 15 Grammy’s and is the 12th most streamed artist in the world.
From 1999 to 2016, the Eminem catalog, a supposedly undervalued income-producing asset, generated $82 million dollars in revenue for FBT.
In 1995, the Bass Brothers signed an unknown Eminem. Then in 1998, they sold his contract to Dr. Dre’s Aftermath Records.
How does Eminem feel about the sale?
Is music a great asset class to invest in? Only time will tell.
Eminem’s new album ‘Revival‘ will be released on December 15th, 2017. Eminem will go on tour in 2018.
Buy shares of Eminem’s royalty catalog ($2,250 minimum investment)