Jay-Z’s label introduces new ways for fans to profit from music with innovative partnership
JAY-Z’s Roc Nation is shaking things up in the music industry with a groundbreaking collaboration with South Korean fintech company Musicow. The partnership, reported by Billboard, will give American fans the chance to invest in music royalties — a move described as the first of its kind in the U.S. as a Music Equity Service Provider (MESP).
The new service allows fans to invest in and earn revenue from the royalties of tracks by their favorite artists. Music rights owners can trade royalty shares, while creators can sell fractional shares of their tracks, opening up a whole new stream of income for both artists and their audiences.
Roc Nation’s Vice Chairman, Jay Brown, emphasized that this service aims to create a shared ecosystem where fans and creators benefit. He stated: “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’s CEO, Woo Rhee, echoed that sentiment, calling the collaboration an incredible opportunity to innovate and redefine the industry’s future.
The platform isn’t live yet, but the official launch is in March. This will give fans and creators something to look forward to as the music industry evolves.
Additionally, the partnership comes amid other big moves from Roc Nation, including Fat Joe’s 2017 decision to join the company. In a recent interview, Fat Joe shared that Desiree Perez made the deal even sweeter, sitting him down and getting him a deal worth $3.5 million—triple what he had initially negotiated.
