It’s easy for fans to become emotionally invested in their favourite artists, but now it’s possible to become financially invested too, with shares of the royalites to a slew of Eminem’s biggest hits about to be sold to the highest bidder.
As Rolling Stone reports, Jeff and Mark Bass of FBT Productions (Eminem’s production team between 1999 and 2013) are using a new company named Royalty Flow to auction their share of the royalties to investors, rather than rely on their drip-feed of income.
Everything from the Slim Shady LP through to the Marshall Mathers LP 2 will be up for grabs, including massive hits like ‘The Real Slim Shady’, with the first public filing to the stock exchange happening next Monday. If it’s approved by the SEC, people will be able to buy, sell and trade shares just as they would any other stocks.
“If you own any Apple stocks, for instance, it’s exactly the same,” Matthew Smith (head of Royalty Flow parent company Royalty Exchange) explained to Rolling Stone. “Not only do you potentially get to earn along with Eminem’s catalog, but you also win the ultimate bragging rights to say, ‘Hey, I own that!’ anytime you hear one of his songs.”
People will need to buy in at a minimum of $2,250, and Royalty Exchange has already offered packages based around tracks by artists like Wiz Khalifa, Chris Brown, Ariana Grande and Lil Wayne in packages valued up to $71,000 USD, but this Eminem portfolio is the most substantial collection of songs yet.