Just in time for the Vezt crowdsale (which is ongoing for non US citizens) is a podcast I heard last night on music royalties.
This is an absolute must listen for those of you who are excited about using Vezt to buy royalty streams. From the episode description:
"Larry Mestel is the Founder and Co-CEO of Primary Wave, one of the largest independent full-service entertainment companies. Primary Wave Publishing, the music division Larry oversees, acquires and develops the rights to iconic song titles and works with iconic artists. He has bought assets that include big name hits from Kurt Cobain, Smokey Robinson, Steven Tyler, John Lennon, Def Leppard, Hall & Oates and CeeLo Green."
In this episode, Mestel discusses various aspects that he looks at when investing in an artist. If you're excited about using the Vezt platform as a part of your portfolio, you absolutely must listen to his thoughts on:
-Why he only chooses songs over 10 years old
-What earnings multiple he uses in purchasing royalties
-The Nirvana sneaker deal
-So much more
I really can't suggest this episode enough. It was really good and I plan to relisten when I use some Vezt to buy into a song.
Bespoke to Mainstream
Music royalties have generally been the property of the well connected or wealthy, but Vezt is giving everyone the opportunity to own a piece of the action. Their ICO has begun and they have already sold over 2 million Vezt tokens. If you can't buy now because you're a US citizen, the tokens will be available soon enough. Vezt has already acquired the rights to songs by Jay Z, Kanye, and more.
What songs would you buy?
-Jeff
This is not investing advice, but a "hey, look at this cool idea!" article, which is written for the bounty program. Do your own due diligence!
