Online auctions is nothing new. Some sites even offer free online auctions which means there are no fees involve. However, have you heard of auctions sites where consumers get to buy the rights of a song? Imagine how cool it would be to own the rights to a song of your favorite artist e.g. Michael Jackson.
Introducing SongVest, a new age auction site. Aiming to connect songwriters and fans in a new way, SongVest has developed a platform for live and online auctions of songwriters’ rights that lets consumers buy as much as 100 percent of the rights to a given song, that includes the associated royalty streams. As owners of the songwriters’ rights, buyers are entitled to earn royalties on their songs.
A new kind of investment indeed.
Tags: Michael Jackson, Song Auction
