Jay-Z’s Roc Nation has agreed to a partnership deal with South Korean fintech company Musicow that will see the two companies team up for anew platform in the emerging music royalty trading market.
The platform, which is set to launch during the 1st quarter of 2025, aims to allow music rights owners “to securely fractionalize royalty revenue from their songs and sell shares, enabling fans to earn alongside them,” Roc Nation said back on January 23rd.
““The music industry is evolving into a shared ecosystem where fans and creators can earn together. 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” Jay Brown of Roc Nation said in an official statement.
Roc Nation said its partnership with Musicow will allow superfans to “earn revenue alongside their favorite artists by introducing music royalties as an alternative asset class.”
“Partnering with Roc Nation is an incredible opportunity to drive innovation and redefine the future of our industry” Woo Rhee, Musicow US said.
