Streaming revolution revives song securitizations

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By Tom Brown
03 Feb 2021

'Bowie bonds' were a pioneering innovation in the 1990s, allowing David Bowie to monetise his royalty revenues up front. But few artists ended up following his lead. Since the streaming revolution swept the music industry, however, securitizing songs has become more viable once again.

Performing rights organisation Sesac has been a leader in the market. PROs are effectively bailiffs for the music industry, ensuring that venues, stores, YouTube, Netflix and others pay for the music they use.

Artists agree to pay them a share of the take, and in exchange the PRO ...

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