This document provides information about submitting songs to WHAAAT for crowdfunding. Artists can submit song bundles, and if selected, WHAAAT will conclude a publishing contract transferring rights to WHAAAT. WHAAAT will then offer shares of the song rights to investors through a crowdfunding campaign. If funding targets are met, the artist receives the funds upon song release, while investors receive royalty shares over the contract period. WHAAAT aims to connect artists, fans, and investors in a "win-win-win" model of music financing.
2. HOWTOSUMBIT?
As an artist (author) you can submit a song bundle to WHAAAT.The publishing rights will be used to make money in a
crowdfunding round (publishing contract). Submissions of all genres are welcome. Both unreleased and released songs can
be submitted.
The WHAAAT jury is continuously listening to the submissions.Please give us some time to give feedback on your songs.
The decision-making principle of the jury is based on fairness towards all parties involved.This means that the jury
evaluates the earn-back opportunity of the funding sum within the contract period with the submitted song bundle and the
rights transferred from it.
WHAAAT concludes a contract with you as the author as well as the co-authors (if applicable).The corresponding rights to
the songs are thus transferred to WHAAAT and offered to the investors.
The funding target and start date of the campaign are set. Now fans and investors can invest in your songs and participate in
the success of this song-bundle.
The financing target is achieved.The funding amount (ded. the fee) will be paid out to the submitter with the release of the
songs. Now you can work with this budget. No strings attached!
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3. CONDITIONS
Assignment of
publishing rights title-
based to WHAAAT
The shares of the
publishing rights
corresponds with the
AKM distribution plan.
WHAAAT retains 20% of
the rights and offers
80% to investors.
Payment of the funding
deducting 20% fee
after the release of the
songs
WHAAAT has the right
to verify the
investments made with
the sum.
4. FOR INVESTORS
WHAAAT provides the crowdfunding platform and acts as a publisher.
WHAAAT signs a title-based contract with the creators.
Via www.whaaat.eu, fans and investors can acquire rights for the corresponding participation rights.The
crowdfunding round lasts at least 30 days. More about this in our terms and conditions.
The submitter receives the financing sum deducted by the fee at the moment of the release of the
bundled songs.
The relevant royalties paid by the distributors to WHAAAT will be paid pro rata to the submitter and
investors over the stated contract period.
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5. CONDITIONS FOR INVESTORS
Investors register on
WHAAAT.
Investors acquire shares of
the song bundles.
A small transaction fee is
deducted.
Over the contractual period,
investors receive pro rata
distributions of the royalties
which are received by
WHAAAT.
6. WHAAAT
VISION
„WHAAAT’s vision is to bring together the most talented
musicians in Europe with fans and private investors.
Everyone involved benefits from this WIN:WIN:WIN
situation!!“
Mag. Lukas Rössler, MBA
Founder and CEO,Whaaat GmbH
7. WHAAAT IN
SHORT
WHAAAT is an alternative financing platform that
establishes a completely new form of investment.
Investing in music. WHAAAT brings artists, fans and
investors together.
Fans and investors can buy shares of the rights of the
songs at www.whaaat.eu and benefit financially from the
royalties in subsequent years.You can become a music
investor with just a few Euros.
The resulting financing is paid out to the artists or
labels.
9. WHAAATIS
WIN :WIN : WIN
Fans / Investors:
Support of their favorite artists, financial
participation in the success of the songs.
10. Music industry:
Funding of quality productions, marketing and
touring activities for indie and major labels. Music
markets benefit from higher quality of the acts.
WHAAATIS
WIN :WIN : WIN
