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If you could invest in songs performed by Beyoncé, Adele, Taylor Swift or Ed Sheeran and earn a piece of the money generated every time that song is played, would you?
JKBX, a new music investing platform (pronounced “jukebox”), is betting fans and investors will. Starting Sept. 12, it will list around 100 songs written by everyone from OneRepublic’s Ryan Tedder to Diplo to the members of rock band American Authors for fans to reserve their investments.
Billboard scrolled through the initial batch — which includes songs performed by Beyoncé, Adele, U2, Justin Bieber, Travis Scott, Ellie Goulding, Jonas Brothers and more — and selected the top 10 biggest chart hits, based on their rank on the Billboard Hot 100.
Over the coming months, JKBX says it plans to add more songwriters and songs. As these investments await final approval from the U.S. Securities and Exchange Commission (SEC), JKBX notes that early adopters will not have to put money down now; they can open accounts on JKBX and reserve royalty shares linked to the songs, which will be non-binding until it gets a green light from the SEC.
It is worth noting that the music industry looks at many factors to determine how much revenue a song is expected to earn — where a song ranked on our chart is merely one. But if JKBX clears the remaining SEC hurdles and its offerings and platform take off, financial experts say that royalty shares in hit songs like those below could prove a sound investment.
Take a look at the 10 biggest Hot 100 hits that will be available through JKBX below.
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“Love Somebody”
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“Good Life”
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“Maps”
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“Halo”
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“Lean On”
Artist: Major Lazer featuring MØ & DJ Snake
Hot 100 peak: No. 4
Peak date: Aug. 29, 2015
Listen here.
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“Cold Water”
Artist: Major Lazer featuring Justin Bieber & MØ
Hot 100 peak: No. 2
Peak date: Aug. 13, 2016
Listen here.
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“Counting Stars”
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“Apologize”
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“Sucker”
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“Bleeding Love”
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