ShareThis Page

Own a piece of the royalties for Wiz Khalifa's 'See You Again'

Shirley McMarlin
| Thursday, Aug. 3, 2017, 12:44 p.m.

Now you too can own a piece of Wiz Khalifa's lucrative music career — if you have at least $31,000 on hand.

A background vocalist who performed on Wiz's record-setting hit "See You Again" is selling his royalties to the song at auction on Royalty Exchange, the world's first online marketplace for music royalties.

The name of the performer, who is putting up 100 percent of his U.S. digital performer royalties, is withheld until after the auction closes, according to Hannah Schwartz, publicity coordinator with Shore Fire Media, which represents Royalty Exchange.

The auction ends at 3 p.m. Aug. 7.

As of Aug. 3, the bidding price was $31,000. The bidding increment is $1,000, and buyer and administrative fees apply.

The first payout will be in April 2018 for royalties that will have accrued following the auction. The previous 12 months' royalties are listed as $11,372 at royaltiesexchange.com.

"See You Again" features Khalifa and Charlie Puth and was used in the 2015 movie "The Fate of Furious. Earlier this month, it broke "Gangnam Style's" five-year streak as the most-viewed YouTube video of all time, spent 12 weeks (the longest ever for a rap song) at No. 1 on the Billboard Hot 100, and was 2015's top-selling track worldwide.

Founded in 2011, Royalty Exchange is a Denver-based, privately held company that connects music creators looking to sell their royalties with investors looking to acquire royalty income

It deals mostly in songwriting and other music properties, along with other intellectual properties including photos and videos, Schwartz says.

Royalties Exchange has handled the sale of royalties for music performed by other artists, including Beyonce, Jay Z and Taylor Swift, along with royalties coming to the estate of the late "Sesame Street" songwriter Tony Geiss.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.