Song Stock Exchanges Are Coming – Should You Buy In?

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Song Stock Exchanges Are Coming – Should You Buy In?

Credit Hours:

1.00

Specialty Area:

None

Credit Type:

General

Original Air Date:

March 8, 2024

Credit Eligible In:

California

You may be able to self apply for credits in states not listed. BHBA provides CLE accreditation as described above. Email for accreditation information in your state.

Imagine Spotify or Apple Music crossed with Charles Schwab or Robinhood, so you can press play to listen to a song, and then press “invest” to buy a share of that song’s royalty stream. That’s the vision of a merry band of “music stock market” platforms looking to lure loot from music-loving traders who want to speculate on the next big song, as an alternative to traditional stocks, bonds, or crashing cryptocurrencies. Some say it could end “artist poverty” and make investors rich, others say its not a terrific investment but lots of fun for fans.

For legal practitioners, it is imperative to examine the regulatory landscape surrounding these platforms, considering the potential implications for intellectual property, securities laws, and contractual arrangements within the music industry. Will this emerging trend in the intersection of music and finance necessitate legal adaptations to safeguard the interests of all stakeholders?

Bill Hochberg

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Raines Feldman Littrell LLP

Bill Hochberg is a recognized specialist in music and media law. As a thought leader, he writes regularly in Forbes and has contributed to other pre-eminent publications including The Atlantic and Wired. Bill speaks on industry-changing issues at South-by-Southwest, the Beverly Hills Bar Association and other key forums. From recording and publishing deals to film, TV and experiential projects to copyright disputes and catalog valuations, Bill handles many and varied music and media matters with a pragmatic and innovative approach that has delivered outstanding results for clients. He is a member of the President’s Council of the New England Conservatory, the Board of Directors of New Music USA and is rated as a Super Lawyer.

Sean Peace

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SongVest

Sean Peace is the Founder and CEO of SongVest. In 2011, Peace launched Royalty Exchange, the first online market to buy and sell music royalties through online auctions which he sold in 2015. In 2020, his long-term vision for SongVest became realized as he developed a groundbreaking new model selling fractional shares in individual songs under the brand SongShares. In October 2021, SongVest had its first public securities offering of music royalties with qualification by the SEC utilizing Reg A+.

Alisha Outridge

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Brown University Byte & Chord

Alisha Outridge is an Executive Product & Technology Operator with 18+ years of experience in the tech, entertainment, and music industries, pioneering the development of products and new business models utilizing emerging technologies such as AI, AR, social media, and Web3. Alisha’s contributions include co-inventing patented work at Facebook (now Meta) and leading innovation at FlyBy (acquired by Apple; Google X company), iHeartRadio, SolidBlock (now DIBS Capital), and TuneCore, serving as its Chief Product & Technology Officer (CPTO).

Scott Cohen

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JKBX

Scott Cohen joined Jukebox in 2022 as founding Chief Executive Officer and investor. One of the music industry’s most notable pioneers, Cohen co-founded The Orchard – the world’s first digital distributor of music. Established in 1997, The Orchard – now owned by Sony Music – gave independent artists and labels a platform to sell their music to mainstream audiences and has since become the leading distribution company. Cohen retired from The Orchard in 2019 and joined Warner Music Group as its first ever Chief Innovation Officer – a role uniquely tailored to Cohen’s expertise.