Could co-ownership of a Prince song be the ideal Valentine's Day gift?

Could co-ownership of a Prince song be the ideal Valentine's Day gift?

Could co-ownership of a Prince song be the ideal Valentine's Day gift?

Not only did I discover the then 16 year old recording artist but I also co-wrote 3 of the 4 songs on his original demo tape that got him signed to Warner Brothers Records plus I co-wrote his first hit song named "SOFT & WET"...

As the Star Tribune reports, Chris Moon, a former studio owner, is putting up the rights and co-ownership of Prince's "Soft And Wet" for sale on eBay, for the princely sum of USA $490,000 (AUD $617,670).

"I wrote the lyrics and Prince wrote the music".

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Very few songs by Prince are credited to anyone but the late Rogers Nelson himself - but one of his rare collaborators is giving fans the chance to buy his songwriting credit on Prince's first solo single.

While the buyer wouldn't be recognised as Prince's co-songwriter on the track, which appeared on his 1978 album "For You" and peaked at number 92 in the Hot 100 chart, the new owner of the rights would receive songwriting royalties, revenues from streams and album purchases as well as any future earnings the song generates.

I have owned SOFT & WET since I wrote it, I have enjoyed hearing the song countless times over the years, been paid well and am proud of it. "It's very unusual, but it's completely real", Moon said.

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However, as Moon says, the chances of you raking in the residuals from a sale like this are pretty small.

See, when MC Hammer released his 1990 album Please Hammer, Don't Hurt "Em (y'know, the one with "U Can't Touch This"), it included a tune called 'She's Soft And Wet", which heavily sampled Prince's original. Moon is now selling his percentage of the Soft and Wet songwriting credits on eBay at a Buy It Now offer of $490,000 (approximately £348,000), the Minneapolis Star Tribune reports. "It's more about owning one of the most unique collectibles ever related to Prince". "To date that MC Hammer album has now sold over 22 Million copies worldwide... and each time that album sells so does a copy of "Soft And Wet".

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