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It took me a minute, after reading your sparse description a couple of times, to figure out what you want to do. This is interesting I've never heard of this ty
by BinaryIdiot 11y ago
It took me a minute, after reading your sparse description a couple of times, to figure out what you want to do. This is interesting I've never heard of this type of market. So would this be like the publisher houses of old where they would give an author an advance, they write and publish the book, then the author essentially doesn't collect (or collects less) from book sales until the advance is paid back? Is it somewhat similar to that? Is it in perpetuity or for a set period?
I tried searching around online but I couldn't figure out if anyone really does this today or not. Is there a market for this?
- _AllisonMobley 11y agoIt is somewhat similar to that, but also different. For discussions sake, let's say my books bring in $100 a month today. As a self published author, I keep 100 percent of my royalties. I take 10 percent, and create 10 shares, offering each for sale for $100 a piece, each entitling its owner to 1 percent of my future monthly royalty payments for as long as they own the share. Right now each would be paying a monthly royalty of 1 dollar, assuming my sales stayed at the same level, more or less. As my stock as a writer grows, and I get more sales, those shares pay more, and maybe the original buyer resells them to someone else for more than they bought them for. I think there is a market for it. I'd sell some of my future royalties for some cash to live on while I grow my author platform. I think a lot of authors would.
- BinaryIdiot 11y agoI think I understand but I don't really know anything about that space so good luck to you :)
- _AllisonMobley 11y agoThanks a bunch, stake in myself is available if interested in becoming investor 0 =)
- bpicolo 11y agoThere may be a lot of authors willing to sell but no investors willing to buy.
- _AllisonMobley 11y agoI won't know unless I try /super
- syedkarim 11y agoDavid Bowie did this with his catalog about 20 years ago. They were called Bowie Bonds: http://www.bbc.com/news/business-35280945 http://www.bbc.com/news/business-35280945
- _AllisonMobley 11y agoThanks for the link. So the precedent is asset backed securities granting slices of royalties for ten years. Time to talk to someone at the SEC