Announcing Catalog Shares, a new stage for investments
We’re unveiling Catalog Shares, a new asset format enabling simple, secure investment in music rights’ catalogs.
By grouping songs into catalog units, this product offers investors broader exposure to diverse music portfolios, balancing potential returns with reduced risk. Catalog Shares align perfectly with Bolero’s mission to democratise music investment, appealing especially to finance professionals who increasingly seek music assets to diversify their clients’ portfolios. With Catalog Shares, artists can monetise future revenue streams from their work while preserving creative independence, and investors gain access to valuable assets once reserved for major industry players.
Catalog Shares: a single asset with an increased exposure and liquidity.
Until now, Bolero has been making a name for itself with the Song Shares and their approach to investing in individual works or songs. With Catalog Shares, Bolero is offering an innovative model that allows investors to gain exposure to hundreds of songs through a single asset.
With this format, Bolero aims to meet a growing demand from financial professionals such as wealth managers and investment funds, who want to benefit from stable returns stemming from a variety of revenue sources, with simplified arbitrage and liquidity concentrated on a narrow range of order books. In addition to diversification in the underlying asset, and thanks to Bolero's technology, investors can hold assets whose quarterly yield is derived from music royalties from 15 revenue sources, from streaming and synchronisation to radio and festival/concert royalties.
This model combines transparency, simplicity and efficiency, while reducing the barriers to entry for investors seeking to break into a sector that was previously the privilege of the major record companies and specialised investment funds. This is a major change in favour of the independence of artists and rights-holders, who for the first time benefit from control over their intellectual property, a fair source of liquidity, and a perpetual buy-back option.
More than $10 billion deployed in music rights since 2018: a booming practice
The rise of streaming and digitisation has made music rights more attractive than ever. In 2024, the music streaming market is set to generate $29.6 billion of revenues, representing a growth rate of 14.6% (Statista) YoY. Besides, a study by the British institute Midia Research, reported by Les Echos in September 2024, forecasts that the global publishing market will grow by more than 65% over 8 years. In this context, Bolero's Catalog Shares offer investors simplified access to this market, with a revenue-sharing model that gives them exposure to entire catalogues. One of the key benefits is the dilution of risk: by investing in hundreds of tracks and artists, investors spread their exposure, reducing volatility while ensuring consistent returns.
The music rights market continues to grow rapidly, supported by the growth in subscriptions to streaming platforms such as Spotify, Apple Music, Amazon Music and Deezer. Major acquisitions, such as the catalogues of Justin Bieber, Bob Dylan and, very recently, Pink Floyd, demonstrate the strategic value of these assets. By 2023, more than 2.5 billion dollars of private capital has been deployed (see our article on the top 25 music rights’ deals in history). With Catalog Shares, Bolero aims to capture a growing share of the capital dedicated to music rights, and give a broad public access to these opportunities in a transparent and liquid way, with each catalogue carefully selected for its stable return and long-term cultural relevance.
To inaugurate the Catalog Shares, three publishing catalogs will be available for investment in November 2024:
'Low Wood' (LWD), listed by Low Wood Publishing
Major Artists: Janie, Barbara Pravi, Aya Nakamura, Youssoupha, La Fouine, Madame Monsieur, Slimane, Bilal Hassani, Youssoupha, Kungs
Size: 119 songs
'Jouuue' (JOUE), listed by Jouuue Publishing
Major Artists: Yseult, Amel Bent, Hatik, Laylow, So La Lune, Jok'Air, Genezio, Caballero & Jean Jass
Size: 630 songs
'Le Motif' (LMTD), listed by LEMOTIF LTD
Major Artists: Ozuna, Beny JR, Morad, JuL, Gazo, Tiakola, Fally Ipupa, Meryl, Shay, M Pokora
Size: 267 songs
Bridging Finance & Culture with Technology
Bolero is based on a robust technological and decentralised infrastructure, designed to provide users with a fluid and secure experience. Each transaction is supported by a transparent process, from the purchase of catalogue shares to the payment of quarterly royalties. Investors also have the option of reselling their shares on the secondary market, ensuring optimal liquidity for their assets.
Each investor owns his or her assets, manages their safekeeping and all returns are distributed via the blockchain in order to manage an ever-growing community of investors, which exceeded 15,000 members at the end of summer 2024.
