Nashville startup allows investors to buy shares of songs - WKRN News 2

Nashville startup allows investors to buy shares of songs

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President Jeff Tweel says TweelX allows songwriters to upload their songs and the public to invest in them. President Jeff Tweel says TweelX allows songwriters to upload their songs and the public to invest in them.
NASHVILLE, Tenn. -

A Nashville startup is selling shares of songs on their Web site, helping both lesser known songwriters and music-savvy investors.

The site, TweelX, allows songwriters to upload their songs to the Web site for free.

If a song hits it big, investors could get a serious payout.

Song shares cost between $100 and $300, with a maximum of five shares per song.

Jeff Tweel, president of TweelX, told Nashville's News 2 they have about 350 songs from about 30 artists since their launch in November.

The songs are published and offered in a catalog.

"The unique feature of our company is that the investors can also log on to our site [and] browse the catalog. If they find great music such as Ty's or anybody else's they can buy incremental shares of the copyright, ownership in the publishing rights themselves, and share in the publishing partnership," explained Tweel.

According to Tweel, the site is geared toward lesser-known songwriters and includes every genre.

"We are in Nashville and of course this town is built on country music, but our site is open to all kinds of music," he said.  "We have rock artists, we have some rap artists [and] we have some R&B artists, so it's wide open."

The public and TweelX get 25% of royalties and the songwriter gets between 50% and 75%, depending on public investment.

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