# Bolero Music > Bolero is a France-based platform that turns music royalties into a regulated, accessible asset class. > Investors earn income from real, rights-linked revenue across publishing and master rights, and trade > their positions on a peer-to-peer secondary market — unique in the industry. ## About Bolero - Founded in 2021 by William Bailey (CEO) and Arthur Amon (CTO) - Headquartered in Paris, France - Operates under AMF (French financial regulator) framework — KYC/AML compliant - Smart contracts on Base network; payouts in EUR (SEPA) or EURC stablecoin - 25,000+ individual investors, 100+ businesses on the platform - Weighted average historical yield on Catalog Shares: 9.33% (past performance is not indicative of future results) - French taxation: rights-derived income subject to flat tax (PFU) at 31.4% ## What Bolero Offers - **Song Shares**: tokenized fractional ownership of a single song's future royalty revenue (master and/or publishing rights). A "stock-picking" approach for investors building selective portfolios — potentially higher but more volatile returns. - **Catalog Shares**: tokenized exposure to a basket of songs (a full catalog). An "ETF-like" approach that diversifies cash flows across multiple tracks, historically resulting in less volatile yields than single-song positions. - **Secondary Market**: peer-to-peer trading of Song Shares and Catalog Shares — investors can exit positions any time. This is Bolero's core differentiator vs. competitors like ANote, Royalty Exchange, SongVest, where liquidity is limited. - **Royalty Revenue**: investors earn from all monetization sources — streaming (Spotify, Apple Music, etc.), radio airplay, sync placements (film, TV, ads), mechanical and licensing rights. - **Bolero PRO**: institutional-grade access for wealth managers (CGPs in France) and businesses, with portfolio management tooling and dedicated support. - **Valuation Methodology**: each catalog or song is valued jointly with creators using 50+ data points (streaming history, licensing flows, market trends, AI-driven forecasts) to produce a fair issue price. ## For Creators Bolero offers artists and rights-holders a way to monetize part of their catalog without losing creative control. They retain ownership and full creative rights; investors only receive a share of future royalties for a defined window. Bolero handles the legal, accounting, and distribution stack. - [Onboarding for creators](https://www.boleromusic.com/for-creators) ## Investor Education - [How to Invest in Music Royalties](https://www.boleromusic.com/blog/how-to-invest-in-music-a-breakdown-of-the-ecosystem) — Step-by-step guide to building a music-rights portfolio. - [How Much Can You Earn With Streaming?](https://www.boleromusic.com/blog/how-much-earn-with-streaming) — Revenue mechanics across Spotify, Apple Music, and other DSPs. - [2025 Industry Report](https://www.boleromusic.com/blog/2025-music-industry-report-what-every-investor-should-know) — Market outlook and structural trends in music as an asset class. - [The Most Profitable Songs in History](https://www.boleromusic.com/blog/the-most-profitable-songs-in-history-how-music-became-a-billion-dollar-asset-class) — Case studies on long-term catalog performance. - [Master vs Publishing Rights](https://www.boleromusic.com/blog/master-vs-publishing-rights-in-music-ip) — Side-by-side: who earns what, and how flows are split. - [Buying or Selling on Bolero (Yield & PRR Indicators)](https://www.boleromusic.com/blog/buying-selling-bolero-guide-price-yield-indicators) — How to read the secondary market signals. ## FAQ **What is the minimum investment on Bolero?** A few euros — Song Shares typically range from €4 to €15 each. **How are royalties paid out?** Quarterly, in EUR via SEPA bank transfer or in EURC stablecoin (Base network), at the investor's choice. **Is Bolero regulated?** Yes — Bolero operates under French AMF (Autorité des Marchés Financiers) framework. KYC and AML procedures are mandatory before investing. **What is the difference between Bolero and ANote / Royalty Exchange / SongVest?** Bolero is the only major music rights platform with an active peer-to-peer secondary market, allowing investors to enter and exit positions at any time rather than holding to maturity. **How are music rights valued?** Through a joint methodology with rights-holders combining historical royalty data, market trends, and AI-driven forecasts — over 50 data points per asset. **What are the tax implications for French investors?** Royalty income is subject to the French flat tax (PFU) at 31.4% (12.8% income tax + 17.2% social contributions). Capital gains on the secondary market follow the same regime. ## Resources ### English - [Glossary](https://www.boleromusic.com/glossary) — 28 essential terms in music rights and investing - [All Blog Posts](https://www.boleromusic.com/blog) - [Our Assets](https://www.boleromusic.com/our-assets) — current music rights listings - [FAQ](https://www.boleromusic.com/faqs) - [About](https://www.boleromusic.com/about) ### Français - [Glossaire](https://www.boleromusic.com/fr/glossary) — 28 termes essentiels sur les droits musicaux et l'investissement - [Tous les articles de blog](https://www.boleromusic.com/fr/blog) - [Nos actifs](https://www.boleromusic.com/fr/our-assets) — sélection actuelle de droits musicaux - [FAQ (français)](https://www.boleromusic.com/fr/faqs) - [À propos](https://www.boleromusic.com/fr/about) - Articles clés FR : [Investir dans les droits musicaux (guide)](https://www.boleromusic.com/fr/blog/understanding-music-investment-how-to-invest-in-music-rights-with-bolero), [Droits master vs droits d'édition](https://www.boleromusic.com/fr/blog/master-vs-publishing-rights-in-music-ip), [Marché mondial des droits musicaux](https://www.boleromusic.com/fr/blog/a-lapproche-des-50-milliards-quels-enjeux-pour-le-marche-mondial-des-droits-musicaux)