Revolutionizing Music Investments: JKBX CEO Scott Cohen on Opening Up the Market to Retail Investors
The music industry has always been a lucrative business, with artists and record labels making millions off of hit songs and albums. But what if everyday investors could get in on the action too? That’s exactly what Scott Cohen, CEO of JKBX, set out to do when he launched a music rights investment platform for retail investors earlier this year.
In an interview with Financial Planning, Cohen questioned why only large private firms should have the opportunity to invest in music artists as an asset class. With JKBX, individuals can now purchase shares in the streaming royalties of popular songs from artists like Beyoncé, Taylor Swift, and Ed Sheeran. The platform has already attracted thousands of retail investors, offering impressive yields of up to 9.66%.
For Cohen, the goal of JKBX goes beyond just making money. He envisions a future where people can invest in the music that has been a significant part of their lives, even using it as a source of income in retirement. As a veteran of the music industry, Cohen understands the value of music as more than just a financial asset.
The road to launching JKBX was not easy, requiring nearly two years of planning and obtaining regulatory approvals from the SEC. But for Cohen, it was important to do things the right way and ensure that investors had confidence in the platform.
The launch of JKBX comes at a time when alternative investments are gaining popularity among both institutional and retail investors. With traditional markets experiencing volatility, investors are looking for new opportunities to diversify their portfolios. Platforms like JKBX are providing individuals with access to unique investment options that were once only available to large firms.
However, as the alternative investment space becomes more crowded, investors need to be cautious about where they put their money. Cohen and other experts warn against chasing high yields without considering the long-term sustainability of the investment. It’s essential for investors to do their research and ensure they are diversified across different asset classes.
Overall, the rise of platforms like JKBX is democratizing the investment landscape, giving everyday people the chance to invest in industries they are passionate about. As the music rights investment platform continues to grow, it will be interesting to see how it shapes the future of alternative investments and the music industry as a whole.
