The SongVest platform has revolutionized the music industry by allowing fans and investors to buy stakes in royalties of iconic songs. In an exciting new offering, the company announced that from November 21st to December 5th, interested parties can reserve their stakes in “Queen SongShares.” This offering includes four legendary songs from Queen’s repertoire, such as “Under Pressure” and “It’s A Kind of Magic,” as well as the successful soundtrack of the movie “Bohemian Rhapsody.”
Although Sony Music recently acquired Queen’s music catalog for over a billion dollars, the available royalties come from the legacy of David Richards, famous co-producer of the band and collaborator of artists like David Bowie and Iggy Pop. Reserves of the SongShares include a certificate of authenticity, a limited edition commemorative coin, and a collector’s vinyl. Once the reservation period ends, these stakes will be evaluated by the SEC for public sale, and investors will receive royalties generated quarterly.
Chris Richards, son of the co-producer, expressed his satisfaction: “Sharing my father’s work with Queen has always been a privilege and a gift. Seeing his legacy come to life through SongVest is incredibly meaningful. These SongShares allow fans to own a part of the magic of Queen and the creative spirit of my father.”
SongVest CEO Sean Peace highlighted the importance of this initiative, stating that “Freddie Mercury and Queen changed rock music forever. Inviting fans to share in David Richards’ production legacy is an honor.”
This investment model has also reached Spanish-speaking markets thanks to Larrosa, a leading company in music technology and financing. Cristian Larrosa, CEO of the company, emphasized: “This is a unique opportunity for the Spanish-speaking music industry to be financed under favorable conditions, connecting more deeply with potential investors.”
The collaboration between SongVest and Larrosa allows both fans and investors to access opportunities previously reserved for large connoisseurs and investors, setting a precedent in the music sector. This democratization of access to music investments surpasses 15 million dollars in sales, providing a tangible emotional connection to the artistic legacy.
Source: MiMub in Spanish
