Amanda Rae Kopp has been promoted to Chief Product Officer at Song royalties trading platform JKBX.
According to a media statement, as Chief Product Officer, Kopp will be responsible for “aligning product strategies with the company’s overall vision, driving innovation, and ensuring the delivery of high-quality products that meet the evolving needs of today’s investors”.
JKBX says that Kopp “brings a wealth of experience and expertise in media, entertainment, and tech” to the position.
Prior to joining JKBX, Kopp rose through the ranks as a Global Product Leader at Warner Music Group, where she oversaw the development of web and mobile analytics platforms.
There, the exec was most-recently Sr. Director Product, Innovation & Insights.
Kopp’s promotion follows JKBX’s official launch last month.
The platform’s arrival in the music business has been talked about a lot this year, with the company announcing in a press release in August that it is aiming to “become a transformative force in music and investing”.
The JKBX platform, co-founded by CEO Scott Cohen, (co-founder of The Orchard and formerly Chief Innovation Officer at Warner Music Group), will offer its users the ability to invest in Royalty Shares for compositions and sound recordings of hit songs.
By doing so, JKBX says it is “bringing high-value songs to millions of retail investors and music fans alike”.
JKBX allows its users to reserve (via non-binding indications of interest) Royalty Shares related to music assets of hit songs. These customers will be the first to be notified when the assets will be ready for purchase.
That’s ‘reserve’ rather than ‘buy’… for now – because JKBX is in the process of seeking regulated approval from the US Securities and Exchange Commission (SEC) to sell music royalty streams to investors as a ‘Regulation A offering’.
In the fall, following SEC qualification, customers will then be able to purchase Royalty Shares of hit songs.
JKBX says that trading will officially begin on the platform later in the year, with final approval from the Financial Industry Regulatory Authority (FINRA).Music Business Worldwide