Press release: Hidden in plain sight
Press Release MasterExchange.com
Stockholm 2024-09-11
MasterExchange: Hidden in plain sight.
MasterExchange listed its first music rights on its exchange in August 2023. Since then, rights from 14 different songs have been listed.
For those who invested in all the listings, the portfolio has increased by about 33% over the course of one year. The average yield is, based on today's valuation and the latest full financial year of 2023, more than 29%.
These are both price increases and returns that far exceed the Stockholm Stock Exchange, hence the headline. Sure, the volumes are small, but it still shows the potential of this type of investments.
MasterExchange has just below 1 200 investors on the platform.
Due to the small volumes, it is likely that the rights on the exchange are undervalued.
MasterExchange has received a competitive indicative offer from an external party to buy out the entire listed catalog. The board of MasterExchange has decided to initiate discussions with the potential buyer and to open up the bid to competition.
Because of this, all trading on the exchange was halted today.
Everyone's relative ownership will be compiled in a register of the entire catalog, and the proceeds will be distributed to the owners pro rata, provided an agreement with the buyer is reached.
MasterExchange’s customers can manage their liquid funds in their MasterExchange account as usual, and all dividends generated during the trading halt will be distributed to customers' accounts.
MasterExchange intends to apply to the Financial Supervisory Authority in December for permission to operate the music exchange under the new MiCA regulations. Provided the currently announced sale of the catalog is completed, trading will remain suspended during the application process.
