The retail song investing platform paid out its second of three residual payouts for 2022. On Thursday, September 15, 2022, BuyBuy Music broke over a 20% Annual Yield Return when the platform disbursed another round of residual payouts to those that bought into the BuyBuy Music Catalog.
The platform allows music consumers to purchase into the streaming right of songs. Music Creators can onboard songs to the platform with a percentage of a song’s streaming right allocated as a shared pool for anyone to buy into.
The catalog currently consists of four songs and is on track to grow to (5) by the end of September. As of now, genres found in the catalog range from Top 40, RnB, Hip Hop to Country. Music Creators such as Aye Tee, Cody Wayne and Paul Brown (known as itsPaulBrown & Founder of BuyBuy Music) have contributed to the growth of the catalog thus far. With the anticipated wait for Tyran Hill’s song titled “Do You Really Love Me”, to be the fifth song to be added into the catalog. The song was co-written by Daryl Williams and was recently featured in Episode 8, Season 5 of Snowfall. A TV Series that was first broadcast on FX and currently streaming on Hulu.
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