Looking to make an investment in Taylor Swift and Beyoncé? You now have the opportunity to do so.
A fresh startup named JKBX enables fans to participate in the profits of their beloved musicians. This is made possible by purchasing securities that are based on the artist’s streaming royalties.
Investors have the opportunity to put money into popular songs like Beyoncé’s 2009 hit “Halo,” Adele’s “Rumour Has It,” and Taylor Swift’s “Welcome to New York,” among others.
According to the company’s website, you can potentially receive payment every time you listen to a song.
According to Bloomberg, the artist made $175 million from her agreements with streaming platforms such as Apple Music and Spotify.
Each instance of a song being played on a streaming platform, in a film, or on TV results in earnings for its rights holder. JKBX is providing the opportunity for the public to benefit from this income stream. However, the profits are not excessively high compared to other investment options that offer better returns.
“Returns for this type of security are 3% —
Less than high-interest savings account.
According to CBS News, Alexander Osipovich, a reporter for the Wall Street Journal, stated.
Savings accounts with high yields are currently providing interest rates as high as 5%. However, this does not provide investors with the same excitement as witnessing the success of their favorite artists.
Osipovich described JKBX’s business model as appealing to fans who simply wish to possess shares of their favorite songs.
On the other hand, buying individual songs carries risk as preferences may shift.
“There is a possibility for speculation involved as well. For example, if a previously released song is featured in a popular film or TV show, or experiences a resurgence in popularity, then the payments associated with it could potentially see a significant increase,” he elaborated.
Megan Cerullo
Source: cbsnews.com