By Emmanuel Legrand
Luxembourg-based ANote Music, described as "the European marketplace for investing in music royalties," will officially launch to the public on 28th July, 2020, allowing users to invest in music, own rights from content creators, and earn returns through the royalties that are generated over time.
The platform gives investors and music fans the opportunity to own music rights of artists’ catalogues through an auction system and profit through music royalties generated by the catalogue invested in. Following a successful bidding, investors receive shares of rights and can then trade with others on ANote Music "at prices determined by supply and demand." ANote Music manages royalties and "ensures that investors receive royalty (cash) flows generated by the underlying asset."
In advance of the official launch, ANote Music has partnered with Irma Records, to offer users the opportunity to invest in a pre-order offer for the Italian independent label, up to the value of €200,000. During this pre-order auction period, early adopters of ANote Music will be entitled to a 5% 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, said the ANote Music system "provides flexibility, liquidity, and security."
Alternative investments
“The launch of the ANote Music investment platform this summer will allow us to bridge the gap between the music industry and capital markets," said Marzio Schena, CEO and Co-Founder at ANote Music. "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 has built a platform using blockchain technology, which it claimed, 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."
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