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Replying to Avatar MattA

David Bowie issued "Bowie Bonds" in 2007, a financial instrument backed by the future royalties of his music catalog.

The bonds were securitized by Bowie's 25 albums recorded before 1990, including hits like "Space Oddity" and "Changes."

The bonds were structured to pay investors a fixed interest rate of 7.9% over a 10-year term.

Bowie Bonds were sold for $55 million to raise funds for Bowie to buy back the rights to his music from his former manager.

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GigaBTC šŸŒ½āš”ļøšŸ”‘ 1y ago

nostr:npub1a6c3jcdj23ptzcuflek8a04f4hc2cdkat95pd6n3r8jjrwyzrw0q43lfrr is this the future of nostr:npub1h8gzew8am6cezuq7cpjgudldra40hgnruqrqlsrqnxnzs5wjtczqztps02 ? Very cool.

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OpenMike 1y ago

šŸ‘€

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OpenMike 1y ago

I’m pretty sure a lot of asshats on alt chains thought they were doing this recently and had thought of it originally

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