Today we’d like to introduce you to Paul Brown.
Hi Paul, it’s an honor to have you on the platform. Thanks for taking the time to share your story with us – to start maybe you can share some of your backstory with our readers?
After years spent in the music industry as a recording artist while establishing a background in mortgage/finance. I started to visualize songs as being comparable to physical property assets due to the songs generating residual streaming income. That visual manifested into a concept of a platform that sells what is called “Digital Shared Ownership”. A retail music investing platform but unlike buying stocks, music consumers could buy into an allocated pool of streaming rights that grant them a shared residual on songs; for life.
The technical pieces for the concept are already there, it’s just a matter of piecing the technology together and then making development advancements specific to the platforms needs. It took about a year and a half (since 2020) to finally launch BuyBuyMusic.com (Buy Buy Music LLC).
BuyBuy Music launched December 13, 2021 and broke history by selling the first Digital Shared Ownership of a Featured Music Catalog consisting of (5) songs. The company is currently United States based only, with plans to expand its business services in other countries within 2022. The initial phase takes more of a grassroots “start up” approach to ensure our customer service is held highly throughout the platform’s first developments and beta analytic gathering periods.
An abundance of U.S. Based Music Consumers are currently holding Digital Shared Ownership and its first residual payout will be completed no later than mid-March 2022. Due to social media platforms such as Facebook, Instagram, Tik Tok, etc. paying for music streaming activity and/or song use, this allows Digital Shared Owners to play a part in the residuals they receive by utilizing songs they have shared streaming ownership in, on Social Media. For example, they can post a video “Reel” on Instagram and if they attach a song they have a Digital Shared Ownership in, Instagram has to pay per stream based on how many views the video “Reel” receives.
Unlike a stock, the investment becomes more interactive and community-based.
We all face challenges, but looking back would you describe it as a relatively smooth road?
We have currently had no hiccups. The struggles are anticipated to come when we begin to mass market and need to further develop the platform in order to streamline the process of an automated payout system. Whereas the company can mitigate risks by simply scaling at a comfortable pace, having the struggle to meet a demand is not always the worst struggle to have.
Thanks – so what else should our readers know about BuyBuy Music?
Being that the company is founded by a Recording Artist that has experienced both an independent path as well as doing deals with record labels. The company’s number one focus is to balance the economy within the Music Industry by creating a retail music investing method that streamlines the Music Consumers and Music Creators into more of a financial incentive partnership.
BuyBuy Music is embedded with a deep passion for empowering those that mean most in the Music Industry, the fans/consumers. By default, this is the only logical foreseen method to empower the many music creators that struggle with attempting to grasp to why they do not get compensated for their true worth.
The image of the company is projected to shift a bit throughout its full development and lifespan. In an industry that is highly Universal, we strive to make investing into the streaming rights of songs just as fun as dancing to the music.
Risk taking is a topic that people have widely differing views on – we’d love to hear your thoughts.
BuyBuy Music focuses on long-term investing with a wide lens on risk mitigation. Utilizing the Capitalization Rate formula used in both Commercial and Residential investment properties, we thrive for high cap rates when it comes to our intellectual properties assets (songs).
- $34 for Digital Shared Ownership of five songs
- $3-$25 per song