Jay-Z and his Roc Nation business have reportedly entered into a partnership with a South Korean company that will enable fans to invest in the music royalties of artists. The deal with Jay-Z, Roc Nation, and Musicow was mentioned late last year and is now in total fruition according to new reports.
As reported by Billboard, the partnership is framed as “the first Music Equity Service Provider in the United States” and will allow investors to earn while betting on music royalties and the like. The owners of the song rights will be able to trade royalty shares and they will be allowed to sell shares of those tracks.
As said by Roc Nation Vice Chairman, Jay Brown, “The music industry is evolving into a shared ecosystem where fans and creators can earn together. Our mission is not only to support and empower artists by providing the tools and services they need to build a better music ecosystem but also to give everyone access to the financial opportunities the music industry offers.”
Musicow CEO Woo Rhee added that partnering with the company is an “incredible opportunity to drive innovation and redefine the future of our industry. I’m confident that together, we have the vision, expertise, and enthusiasm to create transformative progress and unlock limitless potential.”
The Korea Economic Daily reported on this deal in November 2024, writing that Jay-Z was investing $5 million and would become the second-leading shareholder of the company.
The service is expected to launch in March of this year.
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Photo: Getty
Jay-Z’s Roc Nation Joins S. Korean Firm Musicow, Allowing Fans To Invest In Music Royalties
was originally published on
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