Within the earlier 4 components (half 1, half 2, half 3 and half 4) of the sequence on music funding marketplaces, we analysed many alternative enterprise fashions, together with people who have failed. On this fifth and last a part of the weblog sequence, we’ll summarise the findings from components 1-4 and assess the financial potential of the person fashions. Particularly, we’ll consult with the completely different copyright frameworks in america in comparison with different nations, particularly in Europe, to reply the query of what’s wanted to create a well-functioning and clear music funding market.
Music Funding Marketplaces – Half 5: The Financial Potential of MIMs
Completely different Enterprise Fashions of MIMs
Music funding marketplaces purpose to monetise music rights for buyers and create a market for them. Nonetheless, evaluation of music funding marketplaces exhibits that there are at the moment many alternative fashions vying for the favour of buyers. Usually, MIMs goal small buyers and music followers who should purchase shares in music rights for a number of {Dollars} or Euros. There are additionally choices corresponding to Royalty Alternate, sliceNote and JKBX, that are aimed extra at rich buyers or excessive web price people who can afford to speculate bigger quantities per share. Generally, nonetheless, buyers can’t purchase music rights instantly, however solely participation rights in royalty streams. Resulting from copyright legal guidelines in a lot of the European nations, it isn’t potential to buy music rights. Rights can solely be licensed to be used. Because of this, European marketplaces solely supply oblique methods for consumers to generate income from music rights. Completely different methods are used. The Austrian MIM World Rockstar presents “alternatives” through a crowdfunding platform to small buyers who can purchase participation rights within the income streams of artists. As World Rockstar additionally operates a label and a music publishing firm, artists can both license their rights on to World Rockstar or supply them on the market instantly on the platform within the type of participation rights. In each instances, buyers don’t obtain any rights to the underlying publishing and grasp rights.
Different platforms additionally supply rights to royalty streams, marketed beneath names corresponding to “SongShares” from the French firm Bolero or “Preliminary Music Choices” (IMOs) from the Swedish MasterExchange. The US-based JKBX additionally doesn’t promote shares in music rights or songs instantly, however participatory rights within the type of “Royalty Shares”. Solely the US platforms slice Be aware and Royalty Alternate supply shares in music rights for direct buy, primarily to rich buyers keen to pay US $10,000 per share.
Shares are offered both at costs set upfront by the platforms or the rights house owners, or via auctions, as within the case of SongVest, Musicow and ANote Music. Musicow and ANote Music enable bought shares to be resold on secondary buying and selling platforms after the preliminary buy, though the administration charge per transaction is often larger on the secondary market. The European MIMs Tangy Market and Bolero observe an analogous mannequin, however and not using a prior public sale. Resale platforms are additionally deliberate for World Rockstar and JKBX. Nonetheless, JKBX explicitly states that the Royalty Shares can solely be traded on the corporate’s personal secondary gross sales platform and never on an exterior inventory trade.
Some platforms try to unravel the repurchase of music rights shares via tokenisation, promoting the participation rights within the type of non-fungible tokens (NFTs) on the blockchain. Swedish platforms MasterExchange and Anotherblock and Turkish platform Parça promote music rights NFTs on the Ethereum and Polygon blockchains respectively. The Austrian platform World Rockstar additionally permits the acquisition of NFTs along with the traditional analogue sale of “alternatives”.
The Situations for a Functioning Music Funding Market
The completely different fashions present that it’s tough to make music rights a tradable commodity that may be purchased and offered by small buyers. Particularly outdoors the US, copyright legal guidelines make it tough to make music rights tradable as monetary merchandise. As well as, many artists don’t management their publishing and mastering rights and may solely “promote” their earnings streams from accumulating societies within the type of participation rights. It’s simpler for music publishers and labels to monetise their music catalogues on MIMs, as the instance of JKBX exhibits.
The US subsequently has a bonus over the EU due to its copyright framework. It’s not solely the likelihood to promote copyright and associated rights that makes the US a thriving music rights market, but in addition the opportunity of reversion rights, that are primarily utilized by superstars to regain management over their music catalogues. Nonetheless, the excessive fragmentation of rights within the EU can be an impediment to the event of a well-functioning music rights market. If, as within the US, it’s potential to amass not solely the publishing and grasp rights of an artist, but in addition the NIL (identify, picture and likeness) rights, then this bundle of rights has a better financial worth. Then again, transaction prices improve when completely different rights are distributed amongst completely different actors. If, furthermore, music rights can’t be offered however solely licensed to be used, as is the case within the EU, then, because the music funding marketplaces present, difficult workarounds corresponding to rights to royalty streams have for use. Finally, nonetheless, it’s a political determination whether or not the authorized framework ought to encourage the creation of music markets on the expense of the authorized safety of creators.
For music funding marketplaces to work effectively, they want additionally helpful music catalogues that generate a daily income stream. That’s why MIMs work higher in markets the place such music catalogues are extra available – such because the US, South Korea (because of Okay-Pop) and Sweden (because of many internationally profitable songwriters) – than in markets the place these situations aren’t met. The failure of Estonia’s Fanvestory is an efficient instance of how a supplier wants the backing of a robust market to function its enterprise mannequin in a sustainable means. This enterprise mannequin is based on taking administration charges, which vary from 1 to eight per cent per transaction for the varied suppliers. Nonetheless, it is sensible to have a second monetary mainstay, corresponding to World Rockstar, which can be a music writer and label. One other necessary success issue is that the MIMs have adequate liquidity, i.e. investor capital. An absence of liquidity has proved deadly for Fanvestory, Vezt and Royal.io, which have already ceased buying and selling attributable to a scarcity of investor capital.
That is additionally attributable to the truth that returns don’t at all times meet expectations. An evaluation of the returns on Royalty Alternate and JKBX exhibits that the values are extremely depending on {the catalogue} and the efficiency of particular person songs, which can be extremely risky over time. As well as, most platforms supply comparatively few funding alternatives, often effectively beneath 100. Solely Royalty Alternate and Musicow have greater than thousand funding alternatives on their webpages. World Rockstar, Tangy Market, SongVest, Bolero and JKBX are in the course of the vary with not less than 100 alternatives.
Mainly, it’s a dangerous funding that’s not advisable for small buyers with out prior information of how the music rights enterprise works. Because of this, South Korea’s Monetary Companies Fee took motion to research Musicow’s enterprise mannequin extra intently and solely gave the corporate the inexperienced mild to proceed working after the Korean platform improved investor safety.
Then again, music funding marketplaces enable artists to monetise their music rights and followers to speculate, not less than not directly, of their favorite music. Both means, there may be potential for the creation of an progressive market for music rights, though there must be regulatory safety for each the rights holders who supply their royalty shares on the market and the small-scale buyers who purchase monetary merchandise backed by music rights.
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Weston Precision Audio PRO2021 MKII is a feature-rich DIY clone of the Sequential Professional-One analog Synthesizer.
With the Professional-1, Behringer gives a really genuine, great-sounding clone/duplicate of the Sequential Professional-One in its portfolio for a low worth.
As a substitute, there was the Weston Precision Audio PRO2021, additionally a clone of this Dave Smith basic with a keyboard and DIY. This clone is now coming into its second spherical. At Knobcon 2025, West Precision showcased the PRO2021 MKII, a brand new model of the Professional-1 clone.
PRO2021 MKII stays an all-analog clone/duplicate of the Sequential Professional-One Synthesizer from 1981.
Like the unique Professional-One, it options two oscillators, a lowpass filter, two envelopes, LFO, sequencer, and extra. Not like the classic synth, the PRO2021 MKI and MKII have MIDI help.
The enhancements on the brand new MKII model primarily concern the {hardware}—bye-bye to plastic case, low-cost knobs, buttons, and keyboards.
In accordance with West Precision Audio, they fully remade the MKII {hardware} with a brand new steel panel, higher potentiometers with steel shafts, and high-quality shafts.
Plus, there are improved switches and a greater keyboard with aftertouch for controlling the filter and pitch. There are additionally enhancements on the within.
The PRO2021 MKII shall be simpler to assemble, and there shall be no inside cabling vital. Additionally, they improved the circuitry so it produces much less noise. The structure stays the identical however gives a brand new part for the aftertouch routing.
Listed here are two demos of the earlier PRO2021 MKI.
First Impression
Good to see that the DIY mission is being continued and can quickly be launched in a brand new model
Weston Precision Audio didn’t share particulars in regards to the PRO2021 MKII worth and launch.
As darkish and heavy as any tune in The Beatles’ canon, ‘Yer Blues’ demanded an depth to match – and located it in a cramped Abbey Street storage room.
“Whereas we have been recording The White Album, we ended up being extra of a band once more,” Ringo Starr would mirror, “and that’s what I all the time love. I really like being in a band.” More and more over the last few albums, The Beatles’ recordings had been crafted, layer upon layer of sound painstakingly assembled, fairly than carried out stay within the studio as their earliest information had been. However for The White Album, they consciously got down to return to enjoying the songs as a band, getting nearer and nearer musically – and, within the case of John Lennon’s “Yer Blues,” bodily.
By their very own admission, The Beatles had began out enjoying heavy rock. “However when it was put down on the early information, there was by no means sufficient bass in it, the guitar solo by no means got here by, as a result of we didn’t find out about recording then,” John defined shortly after The White Album’s launch. “We sounded extra like us on this report. We rid ourselves of the self-consciousness bit, so we have been doing what we have been doing earlier on, however with a greater data of the strategy of recording. Fairly a couple of of the tracks are simply straight takes of us enjoying.”
Writing the tune
“Yer Blues” is without doubt one of the many White Album songs written in India in spring 1968. And whereas their keep there was an train in serenity for a lot of, John was going by one thing of private disaster. His marriage to Cynthia was drawing to a detailed, and his relationship with Yoko Ono was simply on the cusp: “The humorous factor concerning the camp was that though it was very lovely and I used to be meditating about eight hours a day, I used to be writing essentially the most depressing songs on earth. In ‘Yer Blues,’ after I wrote, ‘I’m so lonely I wish to die,’ I’m not kidding. That’s how I felt. Up there attempting to succeed in God and feeling suicidal.”
The Esher demo of “Yer Blues,” recorded shortly after The Beatles all regrouped again in England, affords no warning of the ferociousness that might overtake the tune by the point it was full, with acoustic guitars enjoying conventional blues licks.
Stylistically, “Yer Blues” might be seen as both a nod to, or a parody of, the present growth of heavy blues bands, resembling Cream, Huge Brother And The Holding Firm, and Canned Warmth. John’s intelligent lyrical twists, nonetheless, lifted it nicely past pastiche. For instance, fairly than use the previous blues cliché “Black cat crossed my path,” John sang, “Black cloud crossed my thoughts,” persevering with, “Blue mist spherical my soul/Really feel so suicidal/Even hate my rock’n’roll.” This was as darkish and heavy a tune as any in The Beatles’ catalogue, and demanded an depth of efficiency to match.
The recording
Engineer Ken Scott remembers how, throughout a session for the then-unreleased George Harrison tune “Not Responsible,” he joked with John about how The Beatles have been all the time looking for new methods to have an effect on their sound: “Initially with EMI they solely had two four-tracks. These explicit four-tracks have been actually massive, so that they stored them in two small rooms, each subsequent door to Quantity Two management room… So I stood up subsequent to John, and as a joke, I stated, ‘God, the way in which you guys are going, you’re gonna wish to report in there now,’ pointing to considered one of these two rooms. John simply kind of seemed over there and didn’t say something. Somewhat in a while we have been gonna begin a brand new tune known as ‘Yer Blues’, and John turns round and says, ‘I wanna report it in there,’ and he factors to the room I’d been joking about. We needed to match them into this ridiculously small room. If considered one of them had out of the blue swung his guitar round, he would’ve hit somebody within the head.”
Capturing the tune throughout September 13, 14, and 20 1968, The Beatles hoped that enjoying in such a confined area would assist recreate the texture of the stage on the Cavern in Liverpool. “We preferred being in shut contact with one another,” stated Paul. “We felt it added to the facility of our music, and it did.”
And the way. Scott was stunned by how a lot separation they managed to realize in such a cramped area, just by turning the amplifiers to face the wall. Paul’s bass is throbbing and heavy, Ringo’s drums sound as meaty as anyplace on the album, the guitars howl on the verge of feeding again, and John’s vocal is as torn up as any of his wildest rock’n’roll performances. So happy with the result was John that it was considered one of two numbers he carried out with The Soiled Mac at The Rolling Stones’ Rock’n’Roll Circus in December, enjoying it once more in September 1969 on the Toronto Rock And Roll Revival competition.
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The newest episode of Lengthy Time No See: The Podcast brings collectively comedians J.F. Harris (Invoice Burr’s The Ringers, The Late Late Present) and Martin Morrow (I Assume You Ought to Depart, St. Denis Medical), who’ve recognized one another for over a decade however by no means actually frolicked — till now. Pay attention as the 2 talk about roller-blade tradition, questionable vogue decisions, and the distinctive trauma of being your divorced mother’s emotional assist particular person within the episode above or wherever you get your podcasts.
Morrow reveals he didn’t date till he was in his late teenagers, however not for lack of want — he was simply too busy being his mother’s wingman. “My dad and mom acquired divorced after I was 5, and [my mom] handled me like [her] homosexual greatest buddy,” he jokes. “Like lots of complaining about totally different relationships or courting, and I’d must be like, ‘Aw, it’s okay mother, you’ll get it…’ There could be guys she’d be courting and I’d be like, ‘Nah, he’s an fool mother. You don’t need to date him.’”
On a weirder thread, the pair discuss locations they’d hang-out as ghosts, with Morrow suggesting it’d be enjoyable to hang-out a spot like Los Angeles’ Magic Fort. “A ghost and a magician? So annoying,” jokes again Harris, who has his personal afterlife goal: “I might like to hang-out the parking zone of a Deliberate Parenthood. Simply fuck with all of the protesters: ‘That is Jesus. You’re wrOOooOOOoonnNNggg!’”
Staying within the postmortem realm, Harris and Morrow additionally talk about the life statistics they’d prefer to see after they die. “I’d wanna know what number of occasions I used to be proper when folks had been satisfied that they had been proper, however it was really me who was proper,” jokes Morrow. “Like, ‘Fucking advised him! I knew it! They lied on me!’” Harris, in the meantime, would simply need to see what number of people he made snigger.
Be a part of that quantity by listening to the most recent episode of Lengthy Time No See: The Podcast or watching it in full above. You can too discover us in your favourite podcast platform, and don’t overlook to assist the present by following and leaving us a evaluate — particularly on Apple Podcasts.
Lengthy Time No See: The Podcast comes from Wes Brumbaugh and Jack Fink’s Lengthy Time No See Comedy showcase collection. The podcast was created in partnership with and is introduced by Consequence Podcast Community and Los Angeles’ Gold-Diggers, which not too long ago launched the Gold-Diggers Media manufacturing entity.
GEN-1, Meyer Sound’s fresh Galileo Extended Networking platform, is available now.
GEN-1, Meyer Sound’s fresh Galileo Extended Networking platform, is available now.
Berkeley, CA (September 5, 2025)—Anticipating audio system architectures growing larger and more complex in the years to come, GEN-1, Meyer Sound’s fresh Galileo Extended Networking platform, is available now. Designed to be scalable and flexible, GEN-1 is AES67-compatible, intended for Milan integration and localizes networked connectivity and onboard signal processing, placing those functions aboard the loudspeaker itself.
DSP units, whiçh hαndle control befσre delįvering signals to loudspeakers, are the heart oƒ conventional audio system designs. In order ƫo create a morȩ ɾefined and strong infrastructure, GEN-1 connects processing at thȩ speaker. Decentralized control iȿ made possible bყ GEƝ-1, wⱨich effectively transƒorms each ωall into a network’s intelligent network by delivering the processing energy of a secoȵd Galįleo GALAXY channel to the loudspeαker.
Golden Gate Park’s hot August night
The GEN-1 you get an AES67 audio flow and perform onboard running, including Meyer Sound’s custom U-Shaping and Product Integration tools, wait, EQ, and delay. This enables quicker implementation, better performance, and simpler system reconstruction, according to Meyer Sound.
GEN-1 also provides structure telemetry over a network network, including signal presence, tape, and limiter status, via Meyer Sound’s Nebra application platform.
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In the new ASƬRYA-140 disρlay channel sρeaker, GEN-1 makes its debut, allowing designers tσ design sysƫems foɾ engaging film, themed amusement, or large multi-zoȵe installations.
