JAY-Z’s Roc Nation Partners With Musicow South Korean Company, Offers Song Percentages For Fans To Purchase

JAY-Z's Roc Nation recently partnered with a South Korean company to offer percentages of songs for fans to purchase. Musicow, the company, was founded in 2016 and allows investors to buy or sell stakes in copyrights to K-Pop songs in either public auctions or online marketplaces. With this partnership, fans can now earn revenue from any of their favorite artists, creators can sell fractional shares of their songs, and rights owners can trade royalty shares. The partnering companies have described this as “the first Music Equity Service Provider in the United States. Roc Nation’s vice chairman Jay Brown shared a statement on the purpose of such an unprecedented move. “The music industry is evolving into a shared ecosystem where fans and creators can earn together,” he stated. “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. “[This partnership is an] incredible opportunity to drive innovation and redefine the future of our industry,” Musicow CEO Woo Rhee added. “I’m confident that together, we have the vision, expertise, and enthusiasm to create transformative progress and unlock limitless potential.” The service isn’t live just yet, but it is projected that it will officially launch in March.

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