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

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

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

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

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

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

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

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

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

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