A traditional label deal generally is the label agrees to give an advance or a recording fee to artist for in return, the label receives 80 to 85 % of all the master master rights to the song from the artist. With decent, on the other hand, we are allowing artists,. enabling artists to relinquish 20, 30, forty percent f rights. I commit those to the decent platform. Ultimately, what they receive as an up front capital injection comes from the nft auction that they do for the song. They keep that and then continue to earn on secondary transactions as well.
The song "Stand By Me" has made over $60M in royalties alone.
What if you had a slice of that just by being a fan? Music NFTs may allow that. Decent (@decentxyz) is a new startup that package royalties into NFTs. This week, the Decent team joins us and talk:
- Current state of music NFTs
- How Decent lets fans invest in royalties
- Can songs outperform stocks over time?
Host: Jason Choi @mrjasonchoi . Not financial advice.
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Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries