Wiz Khalifa’s “See You Again” is a hot commodity.
The song was No. 1 Billboard’s Top 100 for 12 week. That’s before it made history as the most-watched thing on all of YouTube.
That’s a big deal. For one, the video supplanted the K-pop hit “Gangnam Style,” which had owned the top spot for five years. It will also likely become the first YouTube video to hit the mark for 3 billion views. It currently has 2,989,733,231, though the number has likely grown already.
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For a mere $30,000 (give a take a grand), you can collect sound recording royalties on the song.
“See You Again” was recently listed on the auction site Royalty Exchange, with a starting bid of $30,000. For that, the winning bidder will get “100% of the seller’s interest in domestic sound recording performance royalties and 30% of the international royalties,” according to the listing. These are non-featured performer digital performance royalties, which are being offered by a vocalist who did backup on the track.
Royalty Exchange lists itself at the first online marketplace for buying and selling royalties, which has auctioned major hip-hop acts before, including Jay-Z, Dr. Dre and Kanye West.
While this may seem like a slam dunk investment, music royalties, may or may not be a good investment alternative. The auction listing is clear to point out, “Historic royalty income is no indication of future royalty income. Future royalty income is dependent upon future sales and licensing revenue generated by the sound recordings or compositions associated with this listing.”