NASHVILLE, TN--(Marketwired - Jan 15, 2014) - Investors now have the ability to buy stock in music and obtain a cut of song royalties. By pairing a veteran music publishing operation with an online trading platform, TweelX has established a viable securities market in single songs, with a catalog including Grammy-winning artists and songwriters as well as promising up-and-comers.
TweelX, a Nashville-based publishing company, acquires songs through digital publishing and co-publishing arrangements with labels and other publishers. Through its patent-pending platform, TweelX issues stock in these songs to accredited investors, who may receive royalty distributions through online accounts on a quarterly basis or sell their shares.
TweelX launched September 23, 2013, concurrently with the effective date of federal law changes that make it easier to advertise the issuance and sale of unregistered securities. Since its launch, TweelX has issued "stock" in songs recorded by artists such as Kenny Rogers, Reba McEntire, Lee Brice and others from a variety of genres. These transactions have generated cash flows for publishers, songwriters and investors. Share prices currently range from $75 to $1,000, depending on the percentage of the copyright represented by the share and the song's royalty history. For songs with little or no royalty activity, subjective factors influence share prices. Long term, TweelX plans to implement more sophisticated, predictable, and market-driven valuation tools for shares issued through its Music Stock Exchange.
"TweelX is a great model and opportunity for serious artists to generate revenues in a business where it's increasingly challenging to do so, whether for unrecorded songs or for songs that have experienced decreased royalty streams over the years. In either case, it is great way to gain exposure for the songs and the artists and writers behind the songs," said Grammy-nominated songwriter Billy Montana.
With its 2013 launch in the rearview mirror, TweelX is racing into the New Year with plans to expand its already impressive catalog and bring more accredited investors to its platform. Having completed more than $10,000 in song-stock sales in 2013 on a small handful of songs, and having completed one successful quarter of royalty distributions to its investor-customers, its management team believes the sky is the limit in 2014.