Artists are turning to securitization as a means to reclaim their music and gain financial independence from major labels. The process involves selling assets, such as music, to a third party in exchange for cash and bonds. This idea was first seen in the sale of "Bowie Bonds" in 1997 by David Bowie. Securitization has since spread globally with companies like "Royalty Exchange" and "Music Cow" dedicating their services to the market. While there are legal and business questions that arise from this new system, Volume XLVI staffer Joon-Sung Choe argues that this is a promising development in the music industry that allows artists to have more control over their work and earn royalties without major label constraints.
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