ANote Music has officially launched its investment platform that leverages blockchain technology in order to provide a secure and transparent platform for artists, record labels, publishers, and songwriters to sell music rights.
The launch of the platform, which follows a pre-order sale by Irma Records that generated over €140,000 in auction bids, solidifies music rights as a new investment category for both retail and institutional investors, allowing users to invest in music, own rights from content creators, and earn returns through the royalties that are generated over time.
ANote Music Investment Platform currently has €357,000 in assets listed, including catalogues from the Italian publisher Benvenuto Edizioni Musicali, Italian record label Irma Records, and songs from Polish artists Tomasz Lubert and Piotr Konca. The platform offers the rights from artist catalogues, which consists of artists with a minimum of three years stable earnings, to investors through an auction system. Once the auction closes and upon successful bidding, investors receive the shares of rights and can then trade with others on ANote Music’s secondary market at prices determined by supply and demand. On behalf of investors, ANote Music manages royalties and ensures that investors receive royalty (cash) flows generated by the underlying asset.
“Investors have been starved of accessible ways to invest directly in the music industry,” said Marzio Schena, CEO and Co-Founder at ANote Music. “By opening up music royalties as an alternative asset class, we are showcasing the hidden benefits and value in owning music. By launching our investment platform, we endeavour to make music royalties globally accessible to all in a marketplace that bridges the gap between the music industry and capital markets.”
Lubert said that as an artist, he’s constantly searching for new opportunities to be innovative and make the most out of his artistic work.
“New projects always require funding — exactly what I am looking for by offering my music catalogue up for auction on the ANote Music Platform,” Lubert said. “I’m sure that this extensive and various catalogue will bring much interest to it and I am even more convinced that these new financial opportunities are the way forward for every serious composer or creator.”
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