Imagine knowing exactly how much your music will earn in the next decade.
Everything you need to know:
✓ Opulous.AI uses AI to predict future music royalties across streaming platforms
✓ Tool removes months of labor-intensive work for labels and investors
✓ Opulous.AI provides crucial data for catalog valuation and deal negotiations
Music catalogs are the new gold mines
But how do you know their true value?
The music industry is abuzz with the latest innovation from Opulous, a company known for its cutting-edge solutions in the world of music technology. This week, Opulous unveiled Opulous.AI, an AI-driven tool that promises to accurately predict future revenues from music catalogs, both old and new. This development has the potential to revolutionize the way artists, labels, and investors approach the valuation of music assets.
In recent years, the acquisition of music catalogs has become a big business, with nine-figure deals involving superstars like Michael Jackson, Enrique Iglesias, Katy Perry, and Rod Stewart making headlines.
At the same time, the frontline music business, which focuses on signing and developing new artists, continues to grow across both major and independent sectors.
Both of these areas face a common challenge: accurately predicting the future revenues that a music catalog will generate.
The crystal ball of the music industry has arrived
Enter Opulous.AI, a solution that leverages the power of artificial intelligence to tackle this challenge head-on. The tool enables users to search any artist’s song and, utilizing an AI algorithm, generates a future royalty prediction across all streaming platforms, based on the song’s current performance on Spotify. Users can then calculate a royalty advance structure for each song based on different rates pre- and post-recoupment, choosing a valuation period ranging from one to 10 years.
According to Opulous co-founder Lee Parsons:
“Using AI, Opulous removes months of labor-intensive work for labels and investors and gives artists a true valuation for their music, helping them sign more transparent deal terms. Rather than teams of data analysts and financial experts poring over years of data, Opulous.AI will do the work for you in a few seconds. This allows all parties to assess the value of the music effectively, adds a new layer of transparency to a multi-billion dollar market, and a fair landscape for all.”
Lee Parsons
The implications of this technology are far-reaching.
For artists, Opulous.AI provides a more accurate picture of their music’s worth, empowering them to negotiate fairer deals with labels and publishers. Labels and investors, on the other hand, can make more informed decisions when acquiring music catalogs, reducing the risk of overpaying for assets or undervaluing potentially lucrative catalogs.
Imagine owning a piece of your favorite artist’s royalties
With Opulous, it’s possible.
Opulous.AI is just the latest in a series of innovative moves by the company.
Established in 2021, Opulous quickly raised $6.5 million via funding rounds to expand operations and launched the OPUL cryptocurrency token in October 2021. The company currently carries a market cap of USD $65.7 million, according to CoinGecko.
Last year, Opulous launched OVAULT, the first liquid crypto ‘staking’ pool for music catalogs. Through OVAULT, Opulous acquires music catalogs and ‘tokenizes’ them, allowing OPUL holders to acquire shares in royalty streams. Notable acquisitions include catalogs from artist and songwriter Sheila E, whose work includes contributions to music performed by Michael Jackson and Celine Dion, and songwriter Julia Ross, known for her contributions to global K-Pop stars like BTS, TWICE, and FIFTY FIFTY.
The success of OVAULT speaks to the growing interest in music catalogs as an investment opportunity. In January 2023, OVAULT attracted music catalog ‘staking’ transactions worth more than USD $200,000 across two rounds, with assets selling out within minutes and offering a 10% expected Annual Percentage Yield (APY).
As for the future of Opulous.AI, the company plans to launch the tool via a freemium model for OPUL-holders and a paid model via subscriptions. This approach ensures that the technology is accessible to a wide range of users while also generating revenue for the company.
The launch of Opulous.AI marks a significant milestone in the music industry’s journey towards a more transparent, data-driven future. By harnessing the power of artificial intelligence, Opulous has created a tool that has the potential to level the playing field for artists, labels, and investors alike. As the industry continues to evolve, it will be fascinating to see how Opulous.AI and similar technologies shape the way we value and invest in music catalogs.
In a world where data is increasingly seen as the new currency, Opulous.AI is poised to become an essential tool for anyone looking to navigate the complex landscape of music royalties. Whether you’re an artist trying to understand the true value of your work, a label looking to make smart investments, or an investor seeking to diversify your portfolio, Opulous.AI offers a glimpse into the future of music valuation.
As with any new technology, there will undoubtedly be challenges and questions that arise as Opulous.AI is rolled out to a wider audience. However, the potential benefits of this tool are clear, and it’s exciting to see companies like Opulous pushing the boundaries of what’s possible in the music industry.
