Jay-Z’s Roc Nation to invest $5 mn in S.Korea’s Musicow  

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According to sources in the investment banking industry on Monday, Roc Nation is expected to sign an agreement to acquire about 20% stake in Musicow US, the American operation of the Korean music copyright trading platform operator, for about $5 million in mid-November.“(Roc Nation) will be the second-largest shareholder (of Musicow US) after Musicow’s Korean headquarters (with a 70% stake),” said an IB official familiar with the matter who refused to be identified.

US entertainment tycoon Jay-Z’s Roc Nation is expected to invest about $ 5 million in Musicow Inc., South Korea’s music copyright trading platform pioneer, to become the Korean startup’s second-largest shareholder, betting big on fractional investments in music copyrights.

With his first investment in a Korean company Musicow, Jay-Z is betting on the growth of fractional investments in music copyrights in the US, said market analysts, adding that the ongoing popularity of Korean pop music is another reason to invest in the Korean startup.

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Article Details

Category: Economy

Markets: South KoreaOman

Topics: Million Musicow Company Entertainment Investment Investors Korean Jay-z Music Nation Copyright

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 19:52:15 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 749 words

Reading Time: 5 minutes read

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Copyright Owner: © Korea Economic Daily

News ID: 23393468

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