TLC GIVES FANS THE CHANCE TO OWN A PIECE OF THEIR CATALOG BY OFFERING FRACTIONALIZED MUSIC ROYALTIES THROUGH SONGVEST
BEST-SELLING AMERICAN GIRL GROUP OF ALL TIME WILL SHARE 50% OF ROYALTIES FROM NEWLY-RECORDED VERSIONS OF THEIR TOP HITS
INVESTORS TO BE REWARDED FREE DIGITAL COLLECTIBLES VIA LEADING WEB3 PLATFORM ONEOF
May 9, 2023 - Raleigh, NC – One of the best-selling American girl group of all time, TLC, has partnered with SongVest, the premier online platform for buying and selling music royalties, to give fans the opportunity to purchase fractionalized royalties from the trio’s beloved catalog. TLC fans will now have the opportunity to own a piece of their favorite songs and receive royalty payments from the group’s newly-recorded versions of their hits “No Scrubs,” “Diggin’ on You,” and “Creep.”
Fractionalized shares of these three TLC songs – officially titled “No Scrubs - TLC Version,” “Diggin’ On You - TLC Version,” and “Creep - TLC Version” – will be made available to fans as SongShares®, SEC qualified fractionalized shares of music royalty streams that anyone can buy. Available exclusively at SongVest, SongShares® allow rights holders to sell any percentage of any royalty stream directly to fans and music-loving investors. TLC is sharing 50% of the streaming royalties generated from the newly-released versions of their hits so that fans can join in the overall success of the songs.
“We’ve always tried to show our fans how much they are appreciated. From including their letters in Fanmail, and inviting them to be a part of our last project,” said TLC. “This partnership with SongVest offers another opportunity to show our gratitude to our amazing fans and to include them in TLC history in a very special way.”
The limited run of SongShares® will be available through VIP Auctions, beginning on Friday, May 26 with the launch of 450 shares of “Creep - TLC Version,” 200 shares of “Diggin’ On You - TLC Version,” and 1,900 shares of “No Scrubs - TLC Version.” Bidding for the SongShares® will begin at $100. Fans with successful bids at the end of the VIP Auction period will have the first opportunity to purchase the SongShares® following SEC qualification.
“We’re excited to work with TLC to engage their audience in a new and innovative way, helping them create invested fans by selling shares of music royalties directly to their audience,” said Sean Peace, CEO of SongVest. “Since SongShares owners receive a portion of the royalties paid out from the songs, SongShares are a great way for artists to directly involve their fans and motivate them to share in the success of their career.”
Fans may also enter to win a personal phone call from TLC, as well as two tickets to any upcoming tour date, exclusive merchandise, and autographed posters. The giveaway ends on May 24. Buyers will also have the opportunity to claim a complimentary digital collectible, provided by mass-consumer Web3 technology company OneOf, for each SongShare purchased. Buyers can claim their free collectible at OneOf.com, using an existing account or by creating a new account. Redemption details will be sent after the offering closes. The digital collectible does not represent the security.
TLC fans can get more information here: https://found.ee/tlcsvannounce
ABOUT TLC
With over 85 million records sold worldwide, TLC remains the best-selling American girl group of all time. Founded in 1990, consisting of Tionne “T-Boz” Watkins, Lisa “Left-Eye” Lopes and Rozonda “Chilli” Thomas.Known worldwide equally for their hits and their trending headlines, the group pride themselves on being musical change agents by empowering women, encouraging HIV/AIDS education, advocating for anti-bullying efforts and for the protection of children. TLC enjoyed epic success scoring four Grammy awards, nine top-ten hits, and over 35 major awards, five MTV music video awards and five soul train awards. TLC was inducted into the Black music & Entertainment Walk of Fame in 2022 and headlined the legendary Glastonbury festival in June of 2022. The group was honored with the inaugural Legacy award from Variety magazine in 2023. TLC is managed by Bill Diggins/Diggit Entertainment Group, Inc.
ABOUT SONGVEST
Founded by Sean Peace, SongVest is the first music marketplace to offer fans and investors the ability to purchase SongShares® from their favorite songs and artists. SongShares® are the first Regulation A+ SEC qualified offering that allows fractional ownership of music royalties, opening the asset class to the general public.
ABOUT ONEOF
OneOf is the mass-consumer Web3 company connecting the next 100M non-crypto-native fans to iconic brands, artists, and athletes. OneOf technology enables global brands and enterprises to reimagine commerce, loyalty and engagement, allowing consumers to seamlessly collect or trade digital assets with no prior crypto expertise. Deeply committed to a sustainable and inclusive blockchain future, minting digital assets on OneOf's platform uses up to 2 million times less energy than previous generation proof-of-work networks, and costs up to 99% less in gas fees. A leader in diversity, over 80% of the collections curated by OneOf come from minority or female creators.
This offering is made in reliance on Regulation A under the Securities Act of 1933. The securities offered are speculative, illiquid, and an investor could lose the entire investment. Investors should read the relevant Offering Circular and consider the risks disclosed therein before investing. SongVest is a startup and is operating at a loss.
Disclaimer
IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. REGULATION A OFFERINGS ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.
SongVest is offering securities through the use of an Offering Statement that the Securities and Exchange Commission ('SEC") has qualified under Tier II of Regulation A. While the SEC staff reviews certain forms and filings for compliance with disclosure obligations, the SEC does not evaluate the merits of any offering, nor does it determine if any securities offered are “good” investments. Commission ('SEC") has qualified under Tier II of Regulation A.
Dalmore Group LLC (“Dalmore”) is registered with the Securities and Exchange Commission (“SEC”) as a broker-dealer, member of Financial Industry Regulatory Authority, Inc. (“FINRA”) and Securities Investor Protection Corporation (“SIPC”) and is the broker-dealer of record on this issuer direct offering.
VIP Auction "Test The Waters" Legend
RoyaltyTraders, LLC ("SongVest") is conducting a VIP Auction, also known as a “testing the waters” for a potential offering under Tier 2 of Regulation A of the Securities Act. No money or other consideration will be solicited, and if sent in response, it will not be accepted. No sales of securities will be made or commitment to purchase accepted until qualification of the Offering Circular by the SEC. An indication of interest made by a prospective investor is non-binding and involves no obligation or commitment of any kind. Any offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. No offer to buy securities can be accepted and no part of the purchase price can be received without an Offering Circular that has been qualified by the SEC. A copy of the most recent version of the Offering Circular may be obtained online here:
https://www.songvest.com/offering
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