(AllHipHop News) According to a press release, the online auction platform Royalty Exchange's new company Royalty Flow is set to buy between 15% to 25% of Eminem's music royalties. Once the subsidiary is listed on the NASDAQ, Eminem fans and other potential financiers will be able to invest in the stock and share in royalty income through dividends.
“Royalty Flow gives investors the opportunity to participate in assets that are uncorrelated with public markets, and directly benefit in the music industry’s growth,” stated Royalty Exchange CEO/Royalty Flow’s chairman Matt Smith. “It also gives artists, producers, labels, songwriters, publishers and other rights holders a powerful new financing option with a level of transparency seldom found in the music industry.”
Detroit producers Jeff and Mark Bass, co-founders of Funky Bass Team (FBT) Productions, are working with Royalty Exchange to seek investors for Eminem's master sound recording royalties from his 1999-2013 catalog. That time period includes the Diamond-certified albums The Marshall Mathers LP and The Eminem Show.
Royalty Flow is looking to raise between $11 and $25 million through an equity offering. Minimum buy-in is expected to be $2,250 for 150 shares ($15 per share).