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Aerosmith Songwriters Selling Rights

By: Nathan Towne - Published: Sep 12, 2008   Updated: Apr 6 2011 • References: SongVest and blogs.wsj
Collectors and music fans, take note: songwriters can now sell the rights to their songs through SongVest, a new online music auction provider.

SongVest is auctioning some pretty big names in October, including Aerosmith, Carrie Underwood and Cher and takes a 25% to 40% commission on each sale. If SongVest turns out a success, expect more similar businesses to begin cropping up.

This is a brand new way to think about the music industry.