'Scott Cohen Named CEO of Music Investing Platform

CEO of Music Investing Platform

Former Warner

Music Group executive and the Orchard co-founder Scott Cohen said on Tuesday (Nov

1) he

is taking a new job as chief executive officer of a fintech platform aimed at selling

Cohen, who

stepped down from his role as chief innovation officer at WMG in September, said the

Fractional shares

are a familiar concept in finance, and brokerages like Robinhood and Fidelity Investments sell them

The market

for buying and investing in music publishing rights has traditionally been open to only the

Introducing fractional

shares could change that by making it possible for more smaller investors to participate alongside

In an

email to Billboard, Cohen said has already secured rights from major artists and catalogs, and

“We have

a very aggressive timeline,” said Cohen, declining to provide a specific date when the venture

Prior to

joining WMG in 2019, Cohen founded the Orchard with Richard Gottehrer in 1997 and built it into

In 2015,

Sony Music Entertainment bought out Dimensional Associates for $200 million, and in 2017 merged it with RED into

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