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Company Auctioning Rights to Songs By Aerosmith, Underwood, Starr

September 10, 2008 10:48 AM ET

SongVest, a Wisconsin-based company, has figured out a new way to make money off old songs: Auctioning a portion of the rights of tracks by Aerosmith, Ringo Starr, Ozzy Osbourne, Carrie Underwood and others to fans of the music. In addition to claiming ownership, the winner will also collect royalties from the track, which SongVest will handle for you. The fall '08 auction features former hit songs like All-4-One's "I Swear" and the Monkees' theme song, as well as Aerosmith's "Gotta Love It" and Carrie Underwood's "I Ain't in Checotah Anymore." SongVest's first auction went down last year, with buyers spending $25,000 for a 25% interest in two songs by Christian metalheads Stryper. "No one is buying records. This to me is just another angle," says songwriter Mark Hudson, whose songs for Ozzy Osbourne ("Denial") and Ringo Starr ("Never Without You") will also feature in the upcoming auction.

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Song Stories

“Vans”

The Pack | 2006

Berkeley, California rappers the Pack made their footwear choice clear in 2006 with the song "Vans." The track caught the attention of Too $hort, who signed them to his imprint. MTV refused to play the video for the song, though, claiming it was essentially a commercial for the product. Rapper Lil' B disagreed. "I didn’t know nobody [at] Vans," he said. "I was just a rapper who wore Vans." Even without MTV's support, Lil' B recognized the impact of the track. "God blessed me with such a revolutionary song… People around my age know who really started a lot of the dressing people are into now."

More Song Stories entries »
 
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