'90s Alternative & Children's Music
Invest in a distinctive asset that includes music from Stone Gossard, lead guitarist of Pearl Jam as well as tracks from the popular children's music duo Renee & Jeremy.
Historic royalty income is no indication of future royalty income. Future royalty income is dependent upon future sales and licensing revenue generated by the sound recordings or compositions associated with this listing.
| Starting Price: | $7,000 |
| Bidding Increment: | $150 |
| Closing Price: | $14,050 |
| End Date: | Jan 24, 2018, 3:00 PM MST |
| Investment Term: | Life of author + 70 years |
| Last 12 Months' Royalties: | $1,774 |
| Royalty Type: | Public Performance |
| First Payment: | March 2018 |
| Buyer Fees: | $250 ASCAP Assignment Fee |
Description
We sold the writer's share of this catalog last year. You can view that auction here. Now, we're auctioning the publisher's share!
Again, this is a particularly unique catalog offering. Not only does it feature music from one of the founding members of Pearl Jam, but it also includes a collection of well-known children's music. Combined, it has produced $1,774 in earnings over the last 12 months.
The highlight of this catalog is the song “The Day Bring,” performed by the '90s rock band Brad. Formed in Seattle at the height of grunge, Brad is the long-running side project of Stone Gossard, better known as Pearl Jam's lead guitarist. The song “The Day Brings” is off Brad's second studio album Interiors, released in 1997. The album charted at No. 30 on Billboard's Top Heatseekers chart.
What makes “The Day Brings” exciting is that the song is still earning royalties 20 years after its release, thanks to its inclusion in various background music services. As a result, it accounts for 54% of the catalog's last 12 months' earnings.
Background music is what you hear for ambiance in places such as retail stores, elevators and grocery stores. The most well-known brands of background music are Muzak (now Mood Media) and FM1. “The Day Brings” is one of the songs used by these kind of services, and as a result enjoys longer-than-average royalty longevity. You'll notice the song has an impressive 82% growth rate over four quarters.
Also included in this catalog is music from popular children's group Renee & Jeremy. While these lullaby-style songs were written for children, adults, and non-parents alike still enjoy them. Four of the top-earning tracks in the last year are Renee & Jeremy works. Songs like “Sleep My Love” and “Night Mantra” are even seeing an increase in their four-quarter growth rate at 76% and 70% respectively. This increase is thanks to the streaming sources Pandora and Apple Music.
Finally, this asset also contains a track by 90s artist Jeremy Toback--“Word Behind Words”--used in the 1997 cult classic Trojan War featuring Jennifer Love Hewitt.
Key Drivers
Background Music Services. It's notable that this catalog's highest-earning song is one released in 1997. “The Day Brings” continues to enjoy earnings 20 years later as a result of its inclusion in background music services. In fact, 34% of the catalog's historic earnings come from background music services, with the song producing steady earnings since 2013. This royalty source is enjoying an impressive growth rate of 82%.
Children's Music & Streaming. According to BuzzAngle's 2017 Music report, children's music accounts for less than 1% of total song consumption in the last year. But what's remarkable is that its growth rate was 26.6%! This ranks children's music third in growth in the last year, just behind rap and hip-hop. On-demand stream activity industry-wide is up 58.7%. The growth in streaming can be seen here in this catalog with regards to the children's music and aligns with the industry-wide surge in streaming as a listening method.
What is being sold?
100% of the seller's interest in the publisher's share of public performance royalties attributable to the seller's catalog of musical works. See the “Financials” tab for a full track list.
How does this asset make money?
Every time “The Day Brings” or any song in this catalog, is played as background music or any other type of public performance, you earn royalties. Royalty Exchange will administer royalties from ASCAP to the buyer on a quarterly basis and the first payment will be March 2018.
What rights are included?
| Musical Composition | Sound Recording | |||||||
|---|---|---|---|---|---|---|---|---|
| Copyrights included? | No | — | ||||||
| Rights: |
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| Sources: | Internet Streaming, AM/FM & Satellite Radio,TV/Film/Commercial Performances, etc. | Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc. | ||||||
| Distributors: | ASCAP | — |
About the Royalty Distributor
ASCAP is the American Society of Composers, Authors and Publishers. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.