Together with
The Future. JKBX (pronounced “jukebox”) hopes to make song royalties a bonafide asset class for retail investors. If the platform takes off, don’t be surprised if there’s a grassroots movement to pump particular songs that mirrors the r/WallStreetBets-organized short squeeze of GameStop.
Song securities
After a whirlwind few years seeing song catalogs sell to investment firms, retail investors are about to get their chance to get in on the action.
- JKBX, which was signed off by the SEC, allows investors to buy a fraction of the rights to songs like “Rumor Has It” by Adele, “Halo” by Beyoncé, and “Welcome to New York” by Taylor Swift.
- Any artist or rights holder can offer rights to their songs as securities on the platform based on their royalties, which gives holders “a quarterly distribution of fees paid to the rights holder,” per WSJ.
- While you can’t sell off your investment yet (that’s coming later this year), JKBX is already in talks with brokerage firms to include songs as ETFs.
JKBX says that customers can expect a yield of about 3 to 4% of their investment. That’s below the 5% of a typical money-market fund, but JKBX is selling the possibility that if a song goes viral again — like Kate Bush’s “Running Up That Hill” when it was featured in Stranger Things — those payouts will skyrocket.
Early access to the soundtracks of popular movies and shows are about to become the hottest commodity.
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