You might want to take a look at sliceNote. Similar idea to royalty exchange. I think you can also invest in portfolios of royalties. It’s been on my list of things to look at (which never seems to get smaller)
I came across the Mills Music Trust some time ago. I group it with several securities which are entertaining stories but not great investments. Other examples are Adams Express -- before it was renamed -- and the former Laclede Gas. Stories like these keep investing interesting.
At least back in 2013, Paul McCartney owned 29.67% of Mills Music Trust through MPL Communications, Ltd. The value of his stake was a pittance relative to his net worth but interesting nonetheless.
Horizon Kinetics has extensive coverage of various semi weird to fully weird royalties.
nicely adjacent to the recent squabble on UMG vs tiktok (who simply seems just too cheap to pay).
Hipgnosis fund in the UK is pretty interesting
Great post, Dave! Hope you've been well.
You might want to take a look at sliceNote. Similar idea to royalty exchange. I think you can also invest in portfolios of royalties. It’s been on my list of things to look at (which never seems to get smaller)
I came across the Mills Music Trust some time ago. I group it with several securities which are entertaining stories but not great investments. Other examples are Adams Express -- before it was renamed -- and the former Laclede Gas. Stories like these keep investing interesting.
Really interesting article I didn’t know about royalty exchange
great stuff Dave...I've looked at all those previously. Definitely a niche. Have you looked at RSVR?
You ever looked into Drug royalties. Some really interesting funds but not a huge space. Was looking at DRI
Mills Music Trust just declared its Q1 distribution. $0.56, down 16% year-over-year.
At least back in 2013, Paul McCartney owned 29.67% of Mills Music Trust through MPL Communications, Ltd. The value of his stake was a pittance relative to his net worth but interesting nonetheless.