Roc Nation has teamed up with South Korean fintech company Musicow for a unique opportunity. They plan to offer Americans the chance to invest in music royalties through what they describe as the first Music Equity Service Provider in the United States, according to Billboard. Users will have the ability to buy, trade, or sell shares of royalty revenue. Creators will even be able to sell shares of their music.
“The music industry is evolving into a shared ecosystem where fans and creators can earn together,” Roc Nation vice chairman Jay Brown told the outlet. “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.”
Read More: Jay-Z Responds To Tony Buzbee's Claims Against Roc Nation & His Venereal Disease Accusations
Roc Nation Teams Up With Musicow
Musicow CEO Woo Rhee also labeled the Roc Nation partnership an “incredible opportunity to drive innovation and redefine the future of our industry," adding, “I’m confident that together, we have the vision, expertise, and enthusiasm to create transformative progress and unlock limitless potential.” As for when fans will be able to experience Musicow, the company is aiming to launch by the first quarter of 2025. Early adopters will receive a free $10 to kick off their portfolio.
The Roc Nation announcement comes as Jay-Z continues his attempt at getting a dismissal for the lawsuit brought by a woman who accuses him and Diddy of allegedly raping her when she was just 13 years old. Jay has repeadidly denied the allegation and even accused the plaintiff’s lawyer, Tony Buzbee, of attempting to blackmail him. Judge Analisa Torres previously shot down an attempt at expediting the case by Jay's lawyers in December. “Carter’s [Jay-Z] lawyer’s relentless filing of combative motions containing inflammatory language and ad hominem attacks is inappropriate, a waste of judicial resources, and a tactic unlikely to benefit his client," she ruled at the time.
