Musicow Launches 'Market Data' Beta Service... "Providing YouTube Streaming Counts"
Dramatic Improvement in Accessibility to Individual Stock Investment Information
Music investment platform Musicow announced on the 15th that it has started operating the beta version of ‘Market Data,’ which allows users to view listing song transaction data at a glance.
Musicow reveals ‘Market Data’ through its web magazine channel ‘Musicow Note.’ Specifically, it provides daily updates on information for each song traded on Musicow, including ▲YouTube cumulative streaming count ▲YouTube previous day streaming count ▲30-day lowest and highest transaction prices ▲closing price ▲upper and lower price limits ▲market capitalization ▲annual copyright royalties ▲copyright royalty yield, and more.
With ‘Market Data,’ investors can efficiently access investment-related information. In particular, since the daily updated YouTube streaming counts per song, which were previously difficult and cumbersome for individuals to verify, are now provided, it supports understanding consumption trends of songs, thereby enhancing ease of investment decision-making.
Typically, when the number of streams on streaming platforms like YouTube shows a clear increase, the copyright royalty amounts settled several months later tend to rise. Therefore, this provision of streaming count analysis is expected to offer investors an important opportunity for investment decisions.
Musicow plans to supplement the data by reflecting various customer feedback in the future and officially launch the service. ‘Musicow Note,’ where ‘Market Data’ can be accessed, is a web magazine channel that publishes various content related to music copyrights and music investment, and can be found through major portal site searches.
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A Musicow representative said, “As we have been committed to fostering a healthy music investment culture starting with the publication of the investment white paper, we will continue to do our best to ensure investor protection through ongoing efforts to strengthen information provision.”
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