Royalty Exchange

Royalty Exchange logo

Royalty Exchange is an American company that allows royalty owners to monetize their royalties and sell the future payments to investors as alternative assets. The company hosts a centralized marketplace and online auction platform that connects a community of accredited investors with owners of royalty-based assets.

All types of assets can be monetized and invested in including music royalties, film royalties and tax credits, patent and intellectual property royalties, trade secret royalties, renewable energy land leases, tax credits and Power Purchase Agreements, technology licensing royalties, book publishing royalties, franchise royalties, copyright royalties and agriculture royalties.[1][2]

History

Royalty Exchange was founded in 2011 in Raleigh, North Carolina.[1] The founding team was led by Sean Peace, serial tech entrepreneur and CEO, Reggie Calloway, singer/songwriter and 5 time grammy nominated artist as well as Wilson Owens former band manager. Jonathan Hoenig is an advisor.[2]

The first successfully completed online auction began on July 2 and closed on July 16, 2011. It included royalties of Disney songwriter Frank Churchill’s catalog, including songs from Snow White and the Seven Dwarfs and Bambi.[3][4] Subsequent successful auctions include the $85,000 sale of 100% of the songwriter’s share of ASCAP public performance royalties generated by Frank Sinatra’s, "A Nightingale Sings in Berkley Square," and other compositions written by Manning Sherwin; the $156,000 sale of 50% of the writer’s share of BMI public performance royalties generated by R&B singer-songwriter and producer Kashif; the $26,000 sale of 100% of Cheryl Cook’s BMI writer’s share of public performance royalties; and accumulated royalty-produced assets from songs by Preston Glass.[5][6]

On August 7, 2014, Royalty Exchange had its multi-unit auction, a type of auction where the asset is securitized or divided into multiple units allowing for numerous buyers to bid on and win small or large amounts of the asset. The auction consisted of producer royalties for 11 tracks recorded and performed by the alternative rock band, 3 Doors Down.[7]

Further reading

References

  1. 1 2 Baverman, Laura. "Website Turns Music Royalties into Investments." USA Today. Gannett, 09 June 2014. Web. 25 June 2014.
  2. 1 2 Chupka, Kevin. "Stocks, Bonds, And...Coldplay?" Yahoo Finance. Yahoo, 14 May 2014. Web. 25 June 2014.
  3. ↑ Maurer, Allan. "The Royalty Exchange starts online auctions with music from Disney classics." TechJournal. 05 July 2011. Web 18 Aug. 2014
  4. ↑ "'Snow White,' 'Cinderella,' Other Disney Song Royalty Rights Up For Auction", Huffington Post, 23 June 2011. Retrieved 14 October 2014.
  5. ↑ "Auction Overview" Royalty Exchange. 2014. Web 18 Aug. 2014
  6. ↑ "The Publishers Quarterly (End of Q2 2013): Royalty Exchange Wants to Make Publishing Income Work Like Stocks & Bonds." Billboard. BillboardBiz. 2 August 2013. Retrieved 18 August 2014
  7. ↑ "Auction Overview" Auctions. Royalty Exchange. 2014. Retrieved 18 August 2014
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