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JKBX Allows You To Invest in Beyoncé’s Catalog

Music tech startup JKBX seeks to revolution music investment by allowing everyday fans to invest in their favorite songs.

MBN Staff

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Credit: Kevin Mazur/WireImage for Parkwood
3 min read

Story Highlights

  • JKBX, Founded by Scott Cohen, Seeks to Revolutionize Music Investment.

The emergence of song royalty trading platform JKBX has been creating quite the buzz in the music biz over the past year. After announcing plans to give fans and investors the chance to own royalty shares in hit songs, the company officially launched its platform this week.

Founded by former Warner Music Group Chief Innovator Officer Scott Cohen, JKBX is aiming to shake up the industry by bringing high-value songs to retail investors and music lovers. The platform went live on Tuesday, September 12, allowing users to reserve shares in smash hits ahead of their public listing.

While you can’t buy just yet, reserving secures you a spot to purchase royalty shares ahead of JKBX’s full approval from the United States Securities and Exchange Commission (SEC). The company will need the green light from the SEC before it can start officially selling stakes in these songs.

Credit: Ed Sheeran, "Bad Habits" (YouTube)

JKBX has already listed dozens of chart-toppers written by superstars such as Beyonce, Ed Sheeran, the Jonas Brothers and more. Each listing shows you stats like price per share, estimated royalty yield, streaming numbers, and revenue.

For example, one share in the composition for “Sucker” by the Jonas Brothers is currently priced at $28.41, whereas a share in the sound recording of the song (the master), is priced at $28.54 per share.

For anyone wondering how Ryan Tedder is able to offer shares in the master recording of the song through JKBX, let us explain. While Tedder does not actually own the ‘master’ (the song is owned by vanity label Jonas Brothers Recording, exclusively licensed by Republic Records), Tedder does have royalty points on the song as a producer, which is what he is offering on JKBX.

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Credit: Spotify (captured by Music Biz Nation)

Cohen, who co-founded Sony Music’s The Orchard before joining Warner, says JKBX was created to give everyone access to owning successful songs.  In a press release, the company says they are “bringing high-value songs to millions of retail investors and music fans alike”. “It’s an opportunity for people to invest in music they know and love.”

While JKBX awaits SEC approval, Cohen remains optimistic they will give them the go ahead. He stated, “We’re in the process of seeking regulated approval so customers can start purchasing royalty shares as a regulated offering.”

But how likely is it that the SEC grants approval to this disruptive and unprecedented business model? Forbes Contributor Bill Hochberg questioned whether or not exchange-traded song royalties will be a good investment.

Scott Cohen | JKBX Founder

We are bringing high-value songs to millions of retail investors and music fans alike.

In additon to its main platform, JKBX has also launched a Creator Program to pay artists whose songs get listed. The company will share revenue with them, even if they don’t own rights. Cohen defended the move, saying “When a songwriter or producer sells the rights to their work, they do not need to get the consent from the original recording artists. We wanted to defy this industry norm and actively go out of our way to make the recording artists aware of the listings on our marketplace.” 

The platform’s affiliate Jukebox Hits Vol. 1 will work with rightsholders to determine which songs to list. They’ll then purchase a cut of the royalty streams and then sell pieces to investors on JKBX. So while you won’t actually own the rights, you’ll get paid as the songs earn royalties.

JKBX believes this new way of investing in music will transform the industry. Everyday people now have a chance to profit off the success of their favorite songs. As Cohen put it, “We’re a small company with big ambitions”. Time will tell if the SEC agrees to let their vision become a reality.

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UK Albums Chart Data: Kylie Minogue Hits No. 1 From Vinyl Alone

Australia pop icon Kylie Minogue recently scores her ninth UK No. 1 album with ‘Tension’, according to chart data.

MBN Staff

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Credit: Getty Images
3 min read

Story Highlights

  • Minogue shifted over 19k on vinyl, outselling the Number 2 album’s total combined sales.

Australian singer Kylie Minogue’s latest record moved 53,200 units to clinch the top spot on last week’s UK Albums Chart. ‘Tension’ marks Minogue’s first chart-topping album since 2020’s ‘DISCO’. The album’s title track and lead single ‘Padam Padam’ also cracked the UK Top 10 in recent months.

With nine UK No. 1 albums now to her credit, Minogue now joins elite company, with only Taylor Swift and Madonna now having more chart-topping albums as female solo artists (10 and 12 respectively). Additionally, Kylie is now tied with Coldplay and Bob Dylan, who also each boast nine UK No. 1 albums.

Breaking down to individual formats, ‘Tension’ moved 19,200 vinyl units, which allowed it to concurrently top the Official Vinyl Album Chart – demonstrating a generational love for physical amongst boomers. Impressively, Minogue’s vinyl sales alone not only outsold her streaming equivalent units, but it also would’ve still landed her the No. 1 spot even if the album did not sell on any other format.

Olivia Rodrigo performs onstage the 2023 MTV Video Music Awards at Prudential Center on September 12, 2023 in Newark, New Jersey. (Photo by Theo Wargo/Getty Images for MTV)

Elsewhere on last week’s chart, pop phenom Olivia Rodrigo’s sophomore album  ‘GUTS’, held firm at Number 2 in its third week, selling 16,600 copies. Rodrigo notably co-penned every one of the 11 tracks.

Rounding out the Top 3 is The Weeknd’s greatest hits compilation ‘The Highlights’. Now at 138 weeks on the chart, the album continues selling – which we can assume is partly in thanks to the success of singles like ‘Blinding Lights’, ‘Save Your Tears’, as well as his current world stadium tour.

Making waves with a No. 4 debut is the collaborative drill project ‘STRENGTH TO STRENGTH’ by Headie One & K-Trap. The album moved 6,300 units last week, becoming Headie One’s third Top 5 entry. For K-Trap, it marks a new personal best on the UK Albums chart.

US rapper Doja Cat claimed No. 5 with her fourth studio set ‘Scarlet’. Propelled by lead single ‘Attention’, the album kicked off with 6,100 total sales. Now with her third Top 5 LP, Doja Cat affirms her pop dominance on both sides of the pond.

Pop juggernaut Taylor Swift also claims two titles inside the Top 10 – ‘Midnights’ at Number Eight and ‘1989’ at No. 10, continuing to rack up notable sales week after week.

See below for a full sales breakdown of the UK’s Top 10, for the week ending Thursday, September 28th, 2023.


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2021 Grammy Awards: Winners List

The 63rd annual Grammy Awards took place at LA’s Convention Center, with no live audience. Beyoncé now holds the record for the most Grammy wins by any singer and any female artist in history.

MBN Staff

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Trevor Noah hosts the 2021 Grammy Awards | Photo Credit: CBS / The Recording Academy
4 min read

Story Highlights

  • The 63rd annual award show took place at LA’s Convention Center, with no live audience
  • Beyoncé now holds the record for the most Grammy wins by any singer and any female artist in history
 

After postponing the event from January 31st to March 14th due to COVID-19, the 63rd Annual Grammy Awards took place this past Sunday night. Telecasting live from Downtown Los Angeles on CBS, the event mostly took place outdoors at the LA Convention Center, allowing them to use the Staples Center (the GRAMMYs’ usual venue) as a visual backdrop. Despite there being no live audience and viewership hitting a record-low, the night still ended up being historical on a number of levels.

The most nominated artist of the night was Beyoncé Knowles-Carter, who also ended up scooping the most awards – winning four of her nine nominations. This feat puts Beyoncé top of the list for the most Grammy wins by any singer in history, with a total of 28. She is now only beaten by Hungarian-British Conductor Georg Solti who won 31 during his career – and has tied with Quincy Jones, who also has 28.

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View a list of winners and nominees below.

RECORD OF THE YEAR

  • “Everything I Wanted” — Billie Eilish — Winner
  • “Black Parade” — Beyoncé
  • “Colors” — Black Pumas
  • “Rockstar” — DaBaby featuring Roddy Ricch
  • “Say So” — Doja Cat
  • “Don’t Start Now” — Dua Lipa
  • “Circles” — Post Malone
  • “Savage” — Megan Thee Stallion featuring Beyoncé

ALBUM OF THE YEAR

  • “Folklore” — Taylor Swift — Winner
  • “Chilombo” — Jhené Aiko
  • “Black Pumas” (Deluxe Edition) — Black Pumas
  • “Everyday Life” — Coldplay
  • “Djesse Vol. 3” — Jacob Collier
  • “Women in Music Pt. III” — Haim
  • “Future Nostalgia” — Dua Lipa
  • “Hollywood’s Bleeding” — Post Malone

SONG OF THE YEAR

  • “I Can’t Breathe” — H.E.R. — Winner
  • “Black Parade” — Beyoncé
  • “The Box” — Roddy Ricch
  • “Cardigan” — Taylor Swift
  • “Circles” — Post Malone
  • “Don’t Start Now” — Dua Lipa
  • “Everything I Wanted” — Billie Eilish
  • “If the World Was Ending” — JP Saxe featuring Julia Michaels
H.E.R. and co-writer Tiara Thomas accept Song of the Year | Photo Credit: CBS / The Recording Academy

BEST NEW ARTIST

  • Megan Thee Stallion — Winner
  • Ingrid Andress
  • Phoebe Bridgers
  • Noah Cyrus
  • Chika
  • D Smoke
  • Doja Cat
  • Kaytranada

BEST POP SOLO PERFORMANCE

  • “Watermelon Sugar” — Harry Styles — Winner
  • “Yummy” — Justin Bieber
  • “Say So” — Doja Cat
  • “Everything I Wanted” — Billie Eilish
  • “Don’t Start Now” — Dua Lipa
  • “Cardigan” — Taylor Swift

BEST POP VOCAL ALBUM

  • “Future Nostalgia” — Dua Lipa — Winner
  • “Changes” — Justin Bieber
  • “Chromatica” — Lady Gaga
  • “Fine Line” — Harry Styles
  • “Folklore” — Taylor Swift

BEST POP/DUO GROUP PERFORMANCE

  • “Rain on Me” — Lady Gaga & Ariana Grande — Winner
  • “Un Dia (One Day)” — J Balvin, Dua Lipa, Bad Bunny & Tainy
  • “Intentions” — Justin Bieber featuring Quavo
  • “Dynamite” — BTS
  • “Exile” — Taylor Swift featuring Bon Iver

BEST TRADITIONAL POP VOCAL ALBUM

  • “American Standard” — James Taylor — Winner
  • “Blue Umbrella” — Burt Bacharach & Daniel Tashian
  • “True Love: A Celebration of Cole Porter” — Harry Connick Jr.
  • “Unfollow the Rules” — Rufus Wainwright
  • “Judy” — Renée Zellweger

BEST R&B PERFORMANCE

  • “Black Parade” — Beyoncé — Winner
  • “Lightning & Thunder” — Jhené Aiko featuring John Legend
  • “All I Need” — Jacob Collier featuring Mahalia & Ty Dolla $ign
  • “Goat Head” — Brittany Howard
  • “See Me” — Emily King
Beyonce accepts Best R&B Performance for Black Parade | Photo Credit: CBS / The Recording Academy

BEST TRADITIONAL R&B PERFORMANCE

  • “Anything for You” — Ledisi — Winner
  • “Sit On Down” — The Baylor Project featuring Jean Baylor & Marcus Baylor
  • “Wonder What She Thinks of Me” — Chloe x Halle
  • “Let Me Go” — Mykal Kilgore
  • “Distance” — Yebba

BEST R&B SONG

  • “Better Than I Imagined” — Robert Glasper featuring H.E.R. & Meshell Ndegeocello — Winner
  • “Black Parade” — Beyoncé
  • “Collide” — Tiana Major9 & EARTHGANG
  • “Do It” — Chloe x Halle
  • “Slow Down” — Skip Marley & H.E.R.

BEST R&B ALBUM

  • “Bigger Love” — John Legend — Winner
  • “Happy 2 Be Here” — Ant Clemons
  • “Take Time” — Giveon
  • “To Feel Love/D” — Luke James
  • “All Rise” — Gregory Porter

BEST RAP PERFORMANCE

  • “Savage” — Megan thee Stallion featuring Beyoncé — Winner
  • “Deep Reverence” — Big Sean featuring Nipsey Hussle
  • “Bop” — DaBaby
  • “Whats Poppin” — Jack Harlow
  • “The Bigger Picture” — Lil Baby
  • “Dior” — Pop Smoke
Beyoncé joins Megan Thee Stallion to accept Best Rap Performance for "Savage" | Photo Credit: CBS / The Recording Academy

BEST MELODIC RAP PERFORMANCE

  • “Lockdown” — Anderson .Paak — Winner
  • “Rockstar” — DaBaby featuring Roddy Ricch
  • “Laugh Now Cry Later” — Drake featuring Lil Durk
  • “The Box” — Roddy Ricch
  • “Highest in the Room” — Travis Scott

BEST RAP SONG

  • “Savage” — Megan thee Stallion featuring Beyoncé — Winner
  • “The Bigger Picture” — Lil Baby
  • “The Box” — Roddy Ricch
  • “Laugh Now Cry Later” — Drake featuring Lil Durk
  • “Rockstar” — DaBaby featuring Roddy Ricch

BEST RAP ALBUM

  • “King’s Disease” — Nas — Winner
  • “Black Habits” — D Smoke
  • “Alfredo” — Freddie Gibbs & The Alchemist
  • “A Written Testimony” — Jay Electronica
  • “The Allegory” — Royce da 5’9″

BEST LATIN POP OR URBAN ALBUM

  • “YHLQMDLG” — Bad Bunny — Winner
  • “Por Primera Vez” — Camilo
  • “Mesa Para Dos” — Kany García
  • “Pausa” — Ricky Martin
  • “3:33” — Debi Nova

BEST LATIN POP OR URBAN ALBUM

  • “YHLQMDLG” — Bad Bunny — Winner
  • “Por Primera Vez” — Camilo
  • “Mesa Para Dos” — Kany García
  • “Pausa” — Ricky Martin
  • “3:33” — Debi Nova

BEST REGGAE ALBUM

  • “Got to Be Tough” — Toots & The Maytals — Winner
  • “Upside Down 2020” — Buju Banton
  • “Higher Place” — Skip Marley
  • “It All Comes Black to Love” — Maxi Priest
  • “One World” — The Wailers

BEST GLOBAL MUSIC ALBUM

  • “Twice as Tall” — Burna Boy — Winner
  • “Fu Chronicles” — Antibalas
  • “Agora” — Bebel Gilberto
  • “Love Letters” — Anoushka Shankar
  • “Amadjar” — Tinariwen 

For a full list of this year’s winners and nominees, click here.

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