Quantcast

Raleigh company helps musicians sell shares of royalties - Greenville, NC | News | Weather | Sports - WNCT.com

What's Next

Raleigh company helps musicians sell shares of royalties

Posted: Updated:
The Royalty Exchange is the first online platform for the valuation and sale of music royalties. The Royalty Exchange is the first online platform for the valuation and sale of music royalties.
RALEIGH, N.C. -

In 1985, Michael Jackson acquired the publishing rights tomost for the Beatles' songs for $47.5 million when he outbid Paul McCartney.

Purchasing the royalties to The Beatles' catalog would beout of reach for most people, but a Raleigh company is helping the averageperson to buy a piece of their favorite musicians.

Several entities own a piece of a song or a collection ofsongs; and at any point, one of those entities -- the producer, song writer orartist -- can sell their portion. That portion could end up on the auctionblock on the Royalty Exchange website.

From its non-descript office in North Raleigh, the RoyaltyExchange is the first online platform for the valuation and sale of musicroyalties.

Founded by musician Reggie Calloway and technology entrepreneurSean Peace in 2011, Royalty Exchange now has offices in Los Angeles andNashville. Every day, the company opens the doors to the music world to newinvestors.

"If you're an accredited investor, you can come up onour site and instead of buying music royalties for a million dollars, you canbuy some for about $10,000," Peace explained.

Some of the rights recently sold on the website were thoseof songwriter and producer Edmund Clement, who penned Usher's number one hit"U Remind Me." Clement also producer TLC's "Girl Talk," Chris Brown's"Intro" and Boyz II Men's "Howz About It."

The Clement Collection sold for $113,000, but the new ownercould make about $30,000 a year in royalties.

Last month, Coolio sold the performance royalties of hisentire song catalog, which consisted of 123 songs, including his smash"Gangsta's Paradise." The starting price was $140,000, but the finalselling price is being kept private.

Melanie Sanders

Melanie anchors the 6 PM news. Her "What's Next" series features an engaging approach to storytelling and highlights the leaders in innovation who are shaping our future. Check it out HERE! More>>

Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.