Musicow Unveils First Lineup for 'Double-Digit Auction Relay'

Maximum 22% Return on Copyright Royalties Over the Past Year
First Artist Jang Deokcheol's 'Geunalcheoreom' Sold Out in 10 Minutes

Musicow announced on the 24th that the first auction lineup for the special price auction commemorating the 1st anniversary of music revenue securities issuance has been revealed, with the first auction of Jang Deok-cheol's "Geunalcheoreom" selling out within 10 minutes and all lots being sold at the upper limit price within 15 minutes, closing early.

Musicow Music Revenue Securities 1st Anniversary Special Auction 1st Lineup Announcement
[Photo by Musicow]

Musicow started the "Double-Digit Auction Relay" from noon on the same day. This special price auction is prepared to allow participants to experience maximum returns by drastically lowering the starting prices of auctions ahead of the 1st anniversary of music revenue securities issuance in September. Special price auctions with pre-tax copyright royalty yields of up to 22% over the past year based on the auction starting price will be opened consecutively.

The auction lineup revealed on this day includes ▲ July 24: Jang Deok-cheol’s "Geunalcheoreom" (20.2%) ▲ July 29: god’s "Wae" (22.1%) ▲ August 1: Jung Joon-il’s "Baraem" (18.8%) ▲ August 5: god’s "Moreujyo" (14.5%) ▲ August 12: Jang Deok-cheol’s "Geudaemani" (15.3%). Additional lineups will be disclosed sequentially.

The pre-tax copyright royalty yields over the past year for each song are based on the auction starting price as stated in the disclosure documents, and some yields may vary at the time of issuance. Detailed information such as auction starting prices, public offering quantities, and investment points can be checked through the Musicow platform. Auction schedules may change depending on the results of the securities registration statement review.

A Musicow representative said, “To celebrate the 1-year anniversary of music securities, after much consideration on how to maximize the returns that customers can experience, we have launched a special auction lineup as the main event for the anniversary. We ask for your great interest in the official 1st anniversary event of music securities to be presented in September.”