SongVest, an organization that permits followers and buyers to buy fractional shares of music royalties, is opening the reservation interval for “Queen SongShares.” From as we speak (Nov. 21) by way of Thursday, Dec. 5 at 8 p.m. ET, followers can reserve SongShares in 4 Queen tracks — “Below Strain,” “It’s A Form of Magic,” “I Need It All,” and “The Present Should Go On” — in addition to the “Bohemian Rhapsody” movie soundtrack.
Whereas the group lately offered the rights to their music catalog, together with numerous different rights, to Sony Music for greater than $1 billion, the royalties in query listed below are from the property of their late co-producer David Richards, who additionally labored with David Bowie, Duran Duran, Iggy Pop and others.
Every reservation features a digital and bodily SongShare certificates of authenticity, a limited-edition problem coin, and a 7” display-only commemorative vinyl. Following the reservation interval, Queen SongShares will likely be submitted for SEC Qualification for public sale. Earned royalties are paid out quarterly.
SongVest, which says its whole gross sales are greater than $15 million, has provided followers royalty shares from songs recorded by Beyoncé, Kelly Clarkson, 50 Cent, Cardi B, Sister Hazel, Dangerous Bunny, Mariah Carey, Eminem, and others.
“Sharing in my father’s work with Queen has all the time been a privilege and a present, and seeing his legacy dropped at life by way of SongVest is extremely significant,” stated Chris Richards, the producer’s son. “These SongShares should not simply an funding; they’re an invite for followers to carry a chunk of Queen’s magic and my father’s artistic spirit. Queen’s music has touched so many lives, and it’s inspiring to know followers can now join with that magic in such a private approach.”
SongVest CEO Sean Peace added, “Freddie Mercury and Queen modified rock music ceaselessly, creating songs which have held deep which means for followers throughout generations. David Richards’ manufacturing legacy introduced Queen’s artistry to life, and we’re honored to ask followers to share in that legacy and personal part of music historical past.”
