Royalty marketplace opens Gulch outpost

North Carolina-based Royalty Exchange has set up shop in The Gulch and hired veteran local music executive Preston Sullivan to be its VP of East Coast sales and acquisitions. The company earlier this year said it planned to formally expand into Nashville after securing more than $2 million in venture capital.

 "I am very excited to be a part of the visionary team at Royalty Exchange,” said Sullivan. “This opportunity will allow me to provide a very safe, transparent new funding source to our creative community as well as all royalty stream holders across a wide spectrum of sources, helping them strengthen their current businesses, launch new ventures or simply take care of their families."