Royalties Inc.’s (CSE “RI”) largest source of monthly income is from its investment in Music Royalties Inc. a diversified portfolio of 27 iconic catalogs
Royalties Inc. (CN:RI)
— Tim Gallagher
TORONTO, ONTARIO, CANADA, September 7, 2023/EINPresswire.com/ — Royalties Inc. (CSE “RI”), (“the Company”)’s largest source of monthly income is from its investment in Music Royalties Inc. (“MRI”), a diversified portfolio owner of 27 iconic catalogs of songwriter, manager, producer and sound recording interests, which has a booth at The MoneyShow in the Metro Toronto Convention Centre September 8-9, 2023.
MRI will be presenting on Friday, September 8, 2023, 1:40pm – 2:10 pm and on
Saturday, September 9, 2023, 11:15 am – 12:00 pm
The company’s investment in Music Royalties’ intellectual property portfolio represents an exciting new alternative non-correlated passive income asset class which is exhibiting long term growth due to smartphone adoption, increasing paid subscriptions of music services (iTunes, Spotify, YouTube), and exploding streaming growth on new platforms (Amazon, Facebook, TikTok) which is delivering double digit income and growth in a recessionary low growth world.
“Most people are not aware that individual song revenues are shared or ‘owned’ by 5 to 15 people and that there are over 3 million rightsholders in North America collecting several billion dollars in passive income. The top songs, classic hits, or catalogs which have become part of pop culture or ‘humanity’s playlist’ exhibit multi-decade income stability and in fact are growing under the paradigm shift from the physical CD to global streaming as the iconic songs are being rediscovered, remixed, replayed and included on new platforms such as Amazon, Netflix and Tik Tok,” commented Tim Gallagher, CEO.
Music Royalties Inc. acquired its first catalog in 2018 and has paid out 43 dividends totalling over $6 million derived mostly from the streaming income of hit songs from numerous artist brands diversified by era and genre. MRI has more than tripled its 2019 dividend of $0.01 to $0.036 per share in 2023. Through ongoing accretive acquisitions of cash flow from rightsholders averaging 6-20% yields, MRI’s long-term goal is to continue to increase its dividend, in order to deliver both increased income and capital growth.
About Music Royalties Inc.
Alternative Non-Correlated Passive International Streaming Income Distributed Via Monthly Dividends
Music Royalties Inc. is an artist and investor partnership which provides direct exposure to music revenues from the hyper-growth in global streaming platforms by acquiring song royalties for our shareholders. Our goal is to increase share value by accumulating a diversified portfolio of cash flowing royalties which pay a monthly dividend.
MRI’s goal is to democratize the ownership of music and build a virtual investment partnership between artists and their fans by making music and other entertainment income streams investable for individuals, ultimately by taking MRI public, which will continue the growth of our diversified portfolio, and open up this unique investment opportunity to a wider investor base, especially the fans.
About Royalties Inc.
Royalties Inc. has a 2% stake in Music Royalties Inc. (“MRI”), a Canadian-based private company that acquires passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 27 cash-flowing music royalties. MRI is currently paying a monthly dividend generating a 6% annual yield.
Royalties Inc. owns a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas, Mexico. The company owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V (“Minera Portree”) which holds an asserted claim to a 2% net smelter royalty on five mining concessions located on the Cozamin Mine operated by Capstone Copper Corp., which claim is before the courts.
For further information contact Royalties Inc. at www.royaltiesinc.com
Tim Gallagher Connor Gallagher Andrew Robertson
CEO & Director Investor Relations Director
(416)925‐0090 (647)921-2206 (416)317-0137
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