# Owning Mainstream Music Aerosmith Songwriters Selling Rights By Nathan Towne | Published 2008-09-12 | Pop Culture Source: Trend Hunter, https://www.trendhunter.com/trends/own-an-aerosmith-song-songwriters-sell-rights-to-top-songs References: [blogs.wsj](http://blogs.wsj.com/independentstreet/2008/09/10/entrepreneurs-offer-fans-new-way-to-buy-music/) & [SongVest](http://www.SongVest.com) Collectors and music fans, take note: songwriters can now sell the rights to their songs through [SongVest](http://www.songvest.com), 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. **Implications** - The music industry has changed dramatically within the last decade and its evolution shows no sign of slowing. that fact that auctioning off the rights to music could be such a lucrative alludes to the fact that although many are hard-pressed for cash, there are still consumers that crave rare luxury goods at any cost. ## Trend Insights (Trend Hunter) - Score: 2.6/10 - Popularity: 54% | Activity: 16% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe, Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Pop Culture](https://www.trendhunter.com/popculture) > [Media](https://www.trendhunter.com/media) ## Key Themes ### What Makes This Trend Stand Out - **Online Music Auctions:** The emergence of platforms like SongVest that allow songwriters to sell the rights to their songs through online auctions presents a disruptive innovation opportunity for the music industry. - **Rights Selling:** The increasing trend of songwriters selling the rights to their songs opens up new possibilities for the music industry, potentially leading to innovative business models and collaborations. - **Luxury Music Collectibles:** The demand for rare luxury music goods, as evidenced by the success of music rights auctions, creates an opportunity for the development of niche businesses catering to collectors and fans. ### Sectors Adopting This - **Music Industry:** The music industry itself can explore disruptive innovation opportunities by leveraging online music auctions and exploring new ways to monetize and distribute music rights. - **Online Auction Platforms:** The success of SongVest suggests an emerging industry of online auction platforms specifically catering to the buying and selling of music rights. - **Music Collectibles Market:** The rise of luxury music collectibles presents an opportunity for businesses to enter the market and cater to the demand for rare and unique music merchandise. ## Related on Trend Hunter - [Music Ownership Platforms](https://www.trendhunter.com/trends/songbits.md) - [Celeb-Backed NFT Music Platforms](https://www.trendhunter.com/trends/nft-music-platforms.md) - [Revenue-Boosting Music Tools](https://www.trendhunter.com/trends/cd-baby.md) - [AI Music Producers](https://www.trendhunter.com/trends/ai-song.md) - [AI Music Generators](https://www.trendhunter.com/trends/musicgeneratorai.md) - [Secure Music Sharing](https://www.trendhunter.com/trends/music-sharing-with-security.md) - [Collaborative Music Tools](https://www.trendhunter.com/trends/chordvault.md) - [Music-Focused NFT Partnerships](https://www.trendhunter.com/trends/limewire.md) - [Music-Focused NFT Marketplaces](https://www.trendhunter.com/trends/travis-barker.md)