Master Ownership Platform

An online platform that enables artists to buy back their music masters, providing them with greater control over their music and the potential for future income.

Transaction fees for successful master purchases, and possibly a subscription model for ongoing legal support and advisory services.

Problem Solved

Many artists are unable to own their music due to restrictive contracts with record labels, losing out on significant revenue and creative control over their work.

Skills Required

Legal expertise in music rights, knowledge of financial investment and valuation, and the ability to create a user-friendly online platform.

Why this works now

The rise of blockchain technology allows for transparent ownership tracking of music masters, making it easier for artists to reclaim their rights. A viable first-revenue move involves partnering with music industry forums on platforms like Reddit to educate artists about the benefits of owning their masters and promoting the service. A significant risk is the initial capital required to build the platform and secure legal expertise, which may delay profitability.

Where this idea came from

Podcast: Koerner Office

Episode: The Truth About the Music Industry’s Money Game⏐Ep. #235

Aired:

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