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Music Royalty Distribution
The music industry royalty problem: when you stream a song, 5–12 different rights holders may be owed royalties — songwriter, publisher, master recording owner, performing artist, label. Payment flows through PROs (ASCAP, BMI, SESAC), distributors (DistroKid, TuneCore), and streaming platforms. Each intermediary takes 10–30% and payments arrive months later.
Blockchain solution: Minimum viable music royalty system
Film IP Tokenization
- Token = fractional ownership of film IP (domestic theatrical, international, streaming, sequel rights)
- Automated revenue distribution when streaming revenue arrives
- Secondary market for IP positions via ATS
Relevant precedent: Republic's film tokenization platform, Legendary Entertainment's entertainment investment vehicles.