Publishing company and music stock exchange TweelX will host a showcase on Wednesday (Dec. 19), at Nashville’s Douglas Corner Cafe at 6 p.m., featuring Jason Shain, Summer Hartbauer and Dennis Ongkiko.
Through TweelX, when a song is published through its digital execution process, investors can access the platform to buy up to five shares in the copyright – each share being worth 5% of the song’s royalty stream.
Not only does the TweelX stock exchange give industry decision makers an easy gateway to participate in the publishing revenues of songs they may exploit, it also allows non-industry investors and fans to help finance projects for TweelX writers and artists such as demo production, promotion, and touring, all of which increase the competitiveness and value of the songs on its catalog.
Again, the stock is tied to a fixed percentage of the song’s royalty performance and may be sold at a gain or loss to accredited investors after a 12 month holding period required by law.
Company President Jeff Tweel said via a statement, “we actually envision this showcase, as well as any subsequent live performance by any TweelX artist anywhere, to be an opportunity to promote and sell their ‘stock’ right on the spot – it’s pretty exciting. In fact associates will be available to provide help to fans if necessary who may want to do this at the showcase.”
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