Luxembourg — 28th July 2020 — ANote Music, the European marketplace for investing in music royalties, has today officially launched its investment platform, following a pre-order sale by Irma Records that generated over €140,000 in auction bids. The ANote Music investment platform solidifies music rights as a new investment category for both retail and institutional investors, allowing users to invest in music, own rights from content creators, and earn returns through the royalties that are generated over time.
ANote Music’s investment platform launches to the public with listed assets valued at €357,000. In addition to the assets listed from Irma Records, new assets come from Italian publisher Benvenuto Edizioni Musicali, which includes songs performed by Laura Pausini, Ivana Spagna, Caparezza, Adriano Celentano, Paola & Chiara, Marco Masini and Sugarfree. Music has also been listed from renowned Polish artists Tomasz Lubert and Piotr Konca.
Roberto Bonizzoni, otherwise known as Roby Benvenuto, CEO of Benvenuto Edizioni Musicali publishing company, said, “ANote Music is the kind of project that can give a huge boost to the music industry. I am happy to partner with them and bring the Benvenuto Edizioni Musicali publishing catalogue to the retail investors and music fans alike. With songs in this catalogue performed by some of the biggest international artists, I’m excited to see how the auction will perform.”
ANote Music offers the rights from artist catalogues to investors through an auction system. Once the auction closes and upon successful bidding, investors receive the shares of rights and can then trade with others on ANote Music’s secondary market at prices determined by supply and demand. On behalf of investors, ANote Music manages royalties and ensures that investors receive royalty (cash) flows generated by the underlying asset.
Marzio Schena, CEO and Co-Founder at ANote Music, said, “Investors have been starved of accessible ways to invest directly in the music industry. By opening up music royalties as an alternative asset class, we are showcasing the hidden benefits and value in owning music. By launching our investment platform, we endeavour to make music royalties globally accessible to all in a marketplace that bridges the gap between the music industry and capital markets.”
ANote Music’s catalogue selection consists of artists with a minimum of three years stable earnings, guaranteeing a worthwhile, secure, and reliable investment for users. All assets undergo a thorough due diligence process in order to determine valuations. The music royalties listed on the platform offer a legitimate diversification option for investors seeking to hedge against current volatility in traditional financial markets.
Tomasz Lubert, a Polish artist listed on ANote Music, said, “As an artist, I’m constantly searching for new opportunities to be innovative and make the most out of my artistic work. New projects always require funding — exactly what I am looking for by offering my music catalogue up for auction on the ANote Music Platform. I’m sure that this extensive and various catalogue will bring much interest to it and I am even more convinced that these new financial opportunities are the way forward for every serious composer or creator.”
ANote Music, built using blockchain technology, provides a secure and transparent platform for artists, record labels and publishers to become financially independent, offering immediate access to funding through the sale of music rights, while keeping 100% of their artistic control.
Massimo Benini, CEO of IRMA Records, added, “I’m glad to have given our trust to ANote Music by offering our catalogue as the first to their platform. Not only has it raised €140.000 during the pre-order period alone, it has also generated an increase in the number of streams. It just proves the potential this project has, and I am looking forward to seeing what the future will bring.”
ANote Music is further building out offers and will gradually be adding new investment opportunities to the platform. For more information, visit https://anotemusic.com
About ANote Music
ANote Music is the European marketplace for investing in music royalties and was founded in Luxembourg by Marzio F. Schena, Matteo Cernuschi, and Grégoire Mathonet in January 2018. ANote Music has identified the power of music as the next big investment opportunity and created a bridge between the music industry and the capital markets. ANote Music enables publishers, record labels, and artists to sell music rights, introducing them to a new system of financing, as well as offering users a new investment opportunity and the chance to own shares in promising artists. In January 2020, ANote Music closed a €500,000-plus funding round, led by the European music industry’s foremost players. ANote Music is also supported by Luxinnovation, the Luxembourg national innovation agency, providing access to government funding for the startup.
For more information, visit www.anotemusic.com, follow us on LinkedIn or Instagram, or reach out on Telegram.