Raleigh company helps musicians sell shares of royalties - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

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Raleigh company helps musicians sell shares of royalties

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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>>

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