|By PR Newswire||
|August 13, 2014 04:08 PM EDT||
RALEIGH, N.C., Aug. 13, 2014 /PRNewswire/ -- Royalty Exchange, the world's only online auction marketplace for music and intellectual property royalties, announced today its partnership with the Fender Music Foundation to provide songwriters, musicians, and publishers a new way to give back to the music community.
The Fender Music Foundation is a music charity striving to strengthen the state of music education. Donations to the foundation are put towards providing instruments to schools, after-school programs, and music therapy programs. The foundation's expenses are covered by both revenue contributions from its partners, and sales revenue from celebrity memorabilia.
Through this partnership, Royalty Exchange will provide a new platform for these revenue-based donations. This will allow songwriters, publishers, and performers to donate a portion of their royalty rights to the Fender Music Foundation. These rights will then be auctioned through Royalty Exchange in order to quickly monetize the assets for maximum value. In addition to the profit received from the auction itself, Royalty Exchange will donate both a percentage of the standard seller auction fee and ongoing administration fee to the foundation.
"We are thoroughly excited to provide our services for such a great cause," said CEO and founder Sean Peace. "Not only can we help provide the music community with a new way to give back through the Fender Music Foundation, but we can further support the foundation in its sponsorship of the next generation of musicians."
"The Fender Music Foundation is fortunate to be partnering with Royalty Exchange," said Executive Director Lynn Robison. "Our newly formed partnership will help foster awareness of additional opportunities artists have to manage assets, realize tax benefits and engage with the Fender Music Foundation to expand its reach."
This new partnership offers another way for songwriters, performers, and publishers to give back to the music community. Rather than signing all sorts of memorabilia, artists can now offer a portion of a continuous stream of revenue, bringing the Fender Music Foundation greater resources to carry out their mission.
About Royalty Exchange
Founded in 2011, Royalty Exchange is a secure and transparent online marketplace for buyers and sellers of royalty revenue streams in music, entertainment, publishing, patents, and energy. This alternative investment platform was created to open up access to these highly lucrative assets and offer liquidity to the market. The platform has auctioned over 3,000 song royalties to date covering hip hop, rock, country, alternative rock, rap, production music and more. Royalty Exchange is owned and operated by veteran royalty rights experts and is advised by global leaders in the legal, financial and technology industries…. more at http://www.RoyaltyExchange.com or get info at Wikipedia http://en.wikipedia.org/wiki/Royalty_Exchange
About The Fender Music Foundation
The Fender Music Foundation is a public 501c3 charity that provides musical instruments to programs across the nation. They select grant recipients based on the sustainability and success of their music programs that give more people the opportunity to make music. The Fender Music Foundation operates from funds received through sales, including transactions through their online store where the public can purchase authentic celebrity music memorabilia. Learn more at http://www.fendermusicfoundation.org.
SOURCE Royalty Exchange
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