ANote Music to launch music royalty investment platform
ANote Music, a European marketplace for investing in music royalties, is to officially launch to the public on 28 July, 2020.
ANote Music will allow users to invest in music, own rights from content creators, and earn returns through the royalties that are generated over time.
Marzio Schena, CEO and Co-Founder at ANote Music, says: “The launch of the ANote Music investment platform this summer will allow us to bridge the gap between the music industry and capital markets. Our goal is to unlock the hidden value in music for both investors and artists by creating a stock-exchange platform for music investments. We are excited to be the pioneer of alternative investments, while revolutionising traditional systems within the music industry.”
ANote Music, built using blockchain technology, provides a secure and transparent platform for artists, record labels, publishers, and songwriters to become financially independent, offering immediate access to funding through the sale of music rights. Simultaneously, ANote Music offers investors and music fans the opportunity to own music rights of their favourite artists’ catalogues and profit through music royalties.
In advance of the official launch on 28 July, ANote Music is offering users the chance to invest in a pre-order offer for Irma Records, one of the most prominent record labels in the Italian market, up to the value of EUR200,000. During this pre-order auction period, early adopters of ANote Music will be entitled to 5 per cent discount on the catalogue shares. In addition, pre-order users will not have to pay any distribution fees for the royalties generated from these shares for the first two years.
Massimo Benini, CEO of Irma Records, says: “We are delighted to be part of this new era for the music industry, where ANote Music provides flexibility, liquidity, and security. By being featured on this platform as an artist or creator, there is an opportunity to generate extra visibility and build up a profound reputation within a large network of music fans and investors. We look forward to building on this pre-order offer and continuing our relationship.”
ANote Music offers the rights from artist catalogues to investors through an auction system. Upon successful bidding, investors receive the shares of rights and can then trade with others on ANote Music 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. ANote Music’s catalogue selection consists of artists with a minimum of three years earnings, guaranteeing a worthwhile, secure, and reliable investment for users.
Schena says: “As music listening habits have a low correlation to financial markets, music royalties generate ever-increasing revenue prospects and act as a very promising diversified alternative asset class, which is largely immune from external shocks. Our mission is to make this music investment opportunity available to everyone. We are thrilled to have Irma Records, a key player in both the Italian and global music industry, on board and playing such an integral role in the platform launch. Together, we are excited to embark on this journey and be at the forefront of innovation in the music industry.”