Jay-Z and his Roc Nation enterprise have reportedly entered right into a partnership with a South Korean firm that can allow followers to spend money on the music royalties of artists. The cope with Jay-Z, Roc Nation, and Musicow was talked about late final yr and is now in whole fruition based on new reviews.
As reported by Billboard, the partnership is framed as “the primary Music Fairness Service Supplier in the US” and can permit traders to earn whereas betting on music royalties and the like. The house owners of the track rights will be capable to commerce royalty shares and they are going to be allowed to promote shares of these tracks.
As stated by Roc Nation Vice Chairman, Jay Brown, “The music business is evolving right into a shared ecosystem the place followers and creators can earn collectively. Our mission is just not solely to assist and empower artists by offering the instruments and providers they should construct a greater music ecosystem but in addition to offer everybody entry to the monetary alternatives the music business provides.”
Musicow CEO Woo Rhee added that partnering with the corporate is an “unbelievable alternative to drive innovation and redefine the way forward for our business. I’m assured that collectively, we now have the imaginative and prescient, experience, and enthusiasm to create transformative progress and unlock limitless potential.”
The Korea Financial Day by day reported on this deal in November 2024, writing that Jay-Z was investing $5 million and would turn into the second-leading shareholder of the corporate.
The service is anticipated to launch in March of this yr.
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Picture: Getty
Jay-Z’s Roc Nation Joins S. Korean Agency Musicow, Permitting Followers To Make investments In Music Royalties
was initially revealed on
hiphopwired.com