Royalties Inc. Announces Acquisition of Pop Song Royalties
Toronto, May 17, 2023 - Royalties Inc. (CSE: RI) ("the Company") announces the completion of an acquisition of an American songwriter's public performance royalties of songs performed by artists including Backstreet Boys, Marshmello, Anarbor, paid by royalty distributor Broadcast Music, Inc. (BMI). This pop catalog consists of 103 tracks and is unique in that many of the songs have gained placements in popular TV series including Grey's Anatomy. The top songs in the catalog include Ritual, It's Christmas Time Again, White Flag and 18. The company invested US$53,000 to acquire this catalog generating a trailing 9% yield.
About Royalties Inc.
Royalties Inc. has a 2% stake in Music Royalties Inc. ("MRI"), a Canadian-based private company that acquires passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 26 cash-flowing music royalties. MRI is currently paying a monthly dividend generating a 6% annual yield.
Royalties Inc. owns a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas, Mexico.
Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V which holds an asserted claim to a 2% net smelter royalty on six mining concessions located adjacent to the Cozamin Mine operated by Capstone Mining Corp., which claim is challenged by Capstone.
For further information contact Royalties Inc. at www.royaltiesinc.com
Tim Gallagher
CEO & Director
(416) 925‐0090
Connor Gallagher
Investor Relations
(647) 921-2206
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Forward-Looking Statements
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