Raleigh company helps musicians sell shares of royalties - WFLA News Channel 8

What's Next

Raleigh company helps musicians sell shares of royalties

Posted: Updated:
The Royalty Exchange is the first online platform for the valuation and sale of music royalties. The Royalty Exchange is the first online platform for the valuation and sale of music royalties.
RALEIGH, N.C. -

In 1985, Michael Jackson acquired the publishing rights to most for the Beatles' songs for $47.5 million when he outbid Paul McCartney.

Purchasing the royalties to The Beatles' catalog would be out of reach for most people, but a Raleigh company is helping the average person to buy a piece of their favorite musicians.

Several entities own a piece of a song or a collection of songs; and at any point, one of those entities -- the producer, song writer or artist -- can sell their portion. That portion could end up on the auction block on the Royalty Exchange website.

From its non-descript office in North Raleigh, the Royalty Exchange is the first online platform for the valuation and sale of music royalties.

Founded by musician Reggie Calloway and technology entrepreneur Sean Peace in 2011, Royalty Exchange now has offices in Los Angeles and Nashville. Every day, the company opens the doors to the music world to new investors.

"If you're an accredited investor, you can come up on our site and instead of buying music royalties for a million dollars, you can buy some for about $10,000," Peace explained.

Some of the rights recently sold on the website were those of songwriter and producer Edmund Clement, who penned Usher's number one hit "U Remind Me." Clement also producer TLC's "Girl Talk," Chris Brown's "Intro" and Boyz II Men's "Howz About It."

The Clement Collection sold for $113,000, but the new owner could make about $30,000 a year in royalties.

Last month, Coolio sold the performance royalties of his entire song catalog, which consisted of 123 songs, including his smash "Gangsta's Paradise." The starting price was $140,000, but the final selling price is being kept private.

Melanie Sanders

Melanie anchors the 6 PM news. Her "What's Next" series features an engaging approach to storytelling and highlights the leaders in innovation who are shaping our future. Check it out HERE! More>>

  • Trending StoriesTrending StoriesMore>>

  • 77-year-old questioned, defended as true Marine after NFL player takes his photo

    77-year-old questioned, defended as true Marine after NFL player takes his photo

    Tuesday, July 22 2014 1:58 PM EDT2014-07-22 17:58:35 GMT
    (WMC) - It was a story that made its rounds on social media. On a recent flight DeAngelo Williams, Mid-Southerner and running back for the Carolina Panthers, gave his first-class plane seat to a 77-year-old
    Family members are upset and hurt that their relative, James Wesley Bolden, is being called a liar and "a fake."
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
  • Parts of Durham once again flood as business owner looks for relief

    Parts of Durham once again flood as business owner looks for relief

    Monday, July 21 2014 10:20 PM EDT2014-07-22 02:20:30 GMT
    Several inches of rain created flooding in parts of Durham on Monday.
    Several inches of rain created flooding in parts of Durham on Monday.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.