Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 15 2017 - 09:00
AsiaNet
Vezt To Offer Music Fans A Chance To Own Portion Of The Rights In A Hit Song
LOS ANGELES, Nov. 15, 2017 /PRNewswire-AsiaNet/ --

    -- Fans and Artists Share Ownership and Royalties in Revolutionary 
                        Initial Song Offering(TM)


The future of music ownership has arrived and we invite you to be a part of 
history. Beginning on November 16th at 9:00 AM UTC, music fans outside the 
United States will have an opportunity to own a portion of the rights to the 
legendary song "Jodeci Freestyle" as recorded by Drake. By participating in the 
the Initial Song Offerin(TM) (ISO), (the company's innovative new monetization 
process), music fans will share ownership and future royalties generated by 
this piece of intellectual property.

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"We're very excited to welcome music fans to take part in this fun and 
innovative new form of music ownership," says Vezt CEO Steve Stewart. "This 
isn't like streaming or downloading a single track. These fans will actually 
own a piece of the song and be entitled to royalties that the song generates 
over the next 3 years."

"Jodeci Freestyle" ISO Details
    -- Vezt will make available a 10% copyright stake in the song "Jodeci
       Freestyle." 
    -- The time is limited! The ISO will begin at 9:00 AM UTC on Thursday, 
November 16th, 2017 and close after 100 purchases. 
    -- The first 100 individuals to purchase Vezt's cryptocurrency (VZT) will 
       receive a prorated portion of the 10% copyright stake Vezt is making 
       available. 
    -- VZT is purchased at the company website (https://vezt.co). Only non-US 
       residents are eligible. 
    -- Full terms can be found at the end of this release.


"The ISO is a revolutionary new process that gives artists and rights holders 
control over their new or existing songs, and allows them to easily capitalize 
on their work by choosing portions of these songs to offer for sale," said CFO 
Robert Menendez. "Vezt is a new marketplace for songs and gives artists the 
opportunity to create more music."

Overview: How an ISO Works
Artists and rights holders choose how much they'd like to raise from a fraction 
of their song, set the reversion term, and set a date for the ISO.

    -- Rights buyers (including fans, music professionals and brands) on Vezt 
       buy song rights during the ISO, and the artists receive funds credited 
       to their account. 
    -- The song rights information is encoded on Vezt's blockchain. 
    -- Song royalties are then collected from Performing Rights Organizations 
       ("PROs") in 137 countries around the world, as well as STEM.is, which 
       aggregates digital performance royalties from Spotify, iTunes, YouTube, 
       Pandora, etc. 
    -- Vezt transfers those earnings back to the rights-buyers, creating a new 
       marketplace, with no limits on new and exciting music artists will 
       create.

Full "Jodeci Freestyle" ISO Terms

    -- The ISO will begin at 9:00 AM UTC on Thursday, November 16th, 2017 and 
close after 100 purchases.
    -- The first 100 individuals to purchase Vezt's cryptocurrency (VZT) 
       during this time period will receive a prorated portion of 10% the song 
       copyrights. 
    -- VZT is purchased at the company website (https://vezt.co) and only non-
       US residents are eligible. 
    -- The participant must send a screenshot to ISO@vezt.co of their digital 
       wallet receipt, and email contact for ID purposes. 
    -- The amount of rights awarded to the participant will be prorated, based 
       on how much VZT cryptocurrency they purchased. The more cryptocurrency 
       purchased, the more song rights the participant will own. 
    -- Rights buyers will be not be able to license the song or obstruct 
       anyone else from licensing the song, as they do not own majority rights.

About Vezt Inc.
Vezt lets music fans share ownership with artists in their favorite songs. 
Founded in 2016, the company is headquartered in Los Angeles, California and 
has received funding from Binary Capital and principals of Global Trust Group. 
See the website www.vezt.co and Twitter profile @veztinc 
(http://twitter.com/veztinc) for more information.  

Social Media
https://www.facebook.com/veztinc/

https://twitter.com/VeztInc

https://www.instagram.com/VeztInc/
 

SOURCE  Vezt Inc.

CONTACT:  Priscilla Vento, 30 Miles North PR, priscilla@30milesnorth.com
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