In a historical hip hop move, Eminem’s royalties are set to be made available on the NASDAQ – however, there seems to be no involvement from the rapper himself.
Colorado-based company Royalty Flow, a sub-division of Royalty Exchange, have announced the recent acquisition of the Bass Brothers producer royalties from Eminem’s studio output from 1999-2013. Deemed responsible for discovering Eminem, the Bass Brothers, who produced tracks such as ‘Lose Yourself’, collectively hold 25% of all of the rappers royalties, which includes the Diamond certified albums The Eminem Show and The Marshall Mathers LP.
Royalty Flow is expected to file with the US Securities and Exchange Commission to raise between $11 million and $50 million via crowdfunding. If the minimum funding target is met, Eminem’s output will be made public some time in October, with a minimum asking price of $2,250 USD for 150 shares.
However, there seems to be no involvement in the deal whatsoever from the rapper himself, who hasn’t significantly utilised any of the Bass Brother’s production for years now. In a statement on the deal, Interscope affirms that “Eminem is not involved in any deals for the sale of recording royalties and has no connection to this company. The decision to offer the royalty stream for sale or otherwise was made independently by a third party who retains royalties for an early portion of his catalogue and Eminem was not consulted.”
Given that Eminem is known as one of the most successful rappers of all time, it’s a fair assumption that if the deal goes ahead, cashing in on Eminem’s royalties is probably an extremely viable investment.
If you’re interested, head to Royalty Flow and sign up today.