The ownership of some of Eminem’s highest earning songs will potentially be listed for sale on NASDAQ in the very near future. As Rolling Stone reports, Jeff and Mark Bass of Funky Bass Team (FBT Productions) who produced and held ownership of Eminem’s recorded music from 1999 to 2013, will plan on auctioning off portions of the rapper’s future song royalties next month as part of a new company named Royalty Flow.
Royalty Flow are expecting to raise between $11 million and $50 million through a crowdfunding effort, in hopes of eventually being listed on NASDAQ, pending approval of the U.S. Security and Exchange Commission. Royalty Flow will then purchase either 15 or 25% of an Eminem income stream based on royalties paid to FBT Productions. Good news for fans and money hungry investors, they’ll then potentially be able to purchase and share in the income from royalties of Eminem’s music through dividends paid by the company once it is listed on NASDAQ at a minimum investment of $2,250 for 150 shares, or $15 per share.
Royalty Exchange, the company who is in charge of the auction, commented on the sale, saying "Not only do you potentially get to earn along with Eminem's catalog, but you also win the ultimate bragging rights to say 'hey, I own that!' anytime you hear one of his songs."
Rolling Stone reports that Royalty Exchange had previously helped sell shares of Wiz Khalifa's "See You Again," which were made available by a background singer on the hit single who owned part of the recording rights.
According to Billboard, a memo on the filing for the SEC stated FBT Productions has earned $47.2 million since 2011, thus giving the investment quite the impressive outlook on any potential future earnings as well.
If U.S. Securities and Exchange Commission decides to approve the filing, and investors buy up the 150 shares at the above asking price, those owners will eventually be able to buy or sell shares on a public exchange. Art and commerce at its very finest folks.