Key Points of the News 👇

1. SoundExchange partnership: SoundExchange will handle payments for JKBX's Creator Program, which rewards songwriters regardless of whether they still own their rights.

2. Creator Program: JKBX's Creator Program pays songwriters bonuses from music income streams and prioritizes the financial reward of creators.

3. JKBX platform: JKBX allows music fans and retail investors to buy royalty shares of hit songs by artists like OneRepublic and Beyoncé.

4. Launch and qualifications: JKBX officially launched in March after receiving qualification from the US Securities and Exchange Commission (SEC) for its assets.

5. Founders and backers: JKBX was co-founded by Sam Hendel and John Chapman of Dundee Partners, and Scott Cohen. It raised $16 million in January 2023, with investors including Galaxy Digital, Valor Equity Partners, and the Winklevoss twins, as well as involvement from Spotify, Live Nation, Red Light Management, and Bertelsmann Digital Media.

Full Article & Source Available Here