Entertainment company Roc Nation and South Korean music copyright exchange Musicow have partnered to open a music royalty trading platform in the United States.
The platform will allow musicians to sell shares in their royalty revenue, and is set to launch in 2025’s first quarter.
“The music industry is evolving into a shared ecosystem where fans and creators can earn together," said Roc Nation Vice Chairman Jay Brown.
“Our mission is not only to support and empower artists by providing the tools and services they need to build a better music ecosystem but also to give everyone access to the financial opportunities the music industry offers.”
Musicow, founded in 2016, enables South Korea-based fans to buy or trade portions of a song’s copyright claim rights. Half of the profits are returned to the original musician.
Its total transactions stood at KR₩420 billion (A$465 million), as of September.
Roc Nation agreed in November to invest around US$5 million into Musicow US, making it the second-largest shareholder after Musicow’s South Korean headquarters.
Roc Nation was founded by rapper Jay-Z in 2008, and includes record labels and artist management services.
Musicow and Roc Nation’s venture will compete with JKBX, a similar U.S.-based platform that allows fans to invest in music royalties.
JKBX launched in March 2024, and features songs from artists like Beyoncé, Ed Sheeran, and Camila Cabello.
