There's a new way to make money in the music industry — and it involves betting on your favorite songs.
Earlier this month, investing platform Public offered retail investors the opportunity to own a piece of the rights to the "Shrek" soundtrack
Public co-CEO and co-founder Leif Abraham added: "We want people to have access to multiple sets of asset classes." Although publishing rights are often not worth as much as actual recordings, they can still lead to a significant amount of revenue over time with radio play, advertising, movie licensing, and morePublic said the "Shrek" royalties, which fluctuate depending on play frequency, generated an annualized dividend yield above 8% in both 2021 and 2022. To compare, the current yield on the 10-year Treasury note generates about a 5% return.
Page, who now teaches in the music program at the University of Miami, added catalog sales are also a huge benefit to artists, especially older ones.to Universal Music Group in a deal reportedly valued at over $300 million. Prior to that, Stevie Nicks sold a majority stake in her songwriting for a reported $100 million.But even younger artists are cashing in on the trend.
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