Not my top choice for an investment, but it was fun to see these guys in the Journal.
A privately held Nashville, Tenn., company is preparing a $300 million bond backed by the cut it receives as a middleman between music companies and songwriters and the outlets that broadcast their music.
The company, Sesac Inc., has the exclusive rights to the public broadcast or performance of the music of Mr. Dylan, pop singer Neil Diamond, Canadian rock band Rush and jazz singer Cassandra Wilson.
smurff wrote:
David Bowie and James Brown did this in the 1990s.
Yup, Bowie Bonds were the first I'd heard of this kind of thing. I didn't know James Brown did, but looking at his lifestyle he did seem like the kind of guy who might be in need of some quick capital.
