2023 is almost halfway over and we have some exciting news to share with you. In addition to launching our VIP Auction with TLC, the best-selling American girl group of all time, we continue to close catalog sales and SEC-qualified fractional royalty offerings on our platform. And our royalty payments to SongVest users continue to grow.
In 1Q23, we paid out nearly $75,000 to SongVest users. These royalties are generated from a variety of sources, including broadcast and streaming platforms, and we’re excited to pay out the royalties due to each invested fan at SongVest.
Thanks for being a part of SongVest.