DENVER (CelebrityAccess) Royalty Exchange, an online marketplace to turn musical royalties into investments, says it has completed a deal with the Dire Straits that the company claims has a demand outstripping supply by 85 percent.
Royalty Exchange made 925 units of the private syndicate available to accredited and institutional investors, but received requests for 1,719 units, the company announced, saying investors requested $6.3 million worth of shares for only $3.4 million available.
“The demand for the Dire Straits catalog illustrates just how well music royalties satisfy investors’ appetite for a meaningful return in today’s investing landscape,” said Royalty Exchange CEO Matthew Smith. “On Royalty Exchange, we aggregate both supply and demand to the benefit of music creators and investors.”
Royalty Exchange says it has raised more than $47 million for music creators in just over two years through online auctions, private syndicates, and other royalty transactions.