Adina Howard “Freak Like Me” & More

This catalog features over 20 years of earnings from the famed 90’s R&B track “Freak Like Me” from Adina Howard as well as multiple remakes from The Sugababes, Pitbull, and R3hab & Quintino.

$33,150

closing price

Auction Closed

Top Bid: C F

The Theoretical IRR is a formulaic guideline based on an extrapolation of the normalized, historical earnings trend of the catalog. The Theoretical IRR is not a guarantee of future performance. It should be used for comparison purposes only. Each catalog has its own risk factors and the Theoretical IRR is not based upon a specific analysis of this catalog. Click here to view the basis for all Theoretical IRR calculations.

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: $26,000
Bidding Increment: $550
Closing Price: $33,150
End Date: Nov 27, 2018, 3:11 PM MST
Last 12 Months' Royalties: $5,617
Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: January 7, 2019
Distribution Frequency: Quarterly
Relist-Eligible?

No

Buyer Fees:

$500

* Please see the FAQ tab for more information on the 10-year investment term.

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Non-Interactive Streaming
Sync
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: BMI

Description

Up for auction is a collection of works with well over a decade of earnings, including the esteemed 1995 Adina Howard track “Freak Like Me.” This auction includes multiple remakes/samples of the work including the 2002 The Sugababes hit “Freak Like Me,” the 2013 Pitbull track “Free.k” and the 2016 EDM release from DJs R3hab & Quintino, “Freak.”

Released in 1995 to Adina Howard’s certified Gold debut album Do You Wanna Ride?, “Freak Like Me” skyrocketed onto the charts, peaking at No. 2 on the Billboard Hot 100. The track continues to retain relevancy over 20 years later as “Freak Like Me” contributes to over 70% of historic earnings for this collection and continues to show growth. Complex recently ranked “Freak Like Me” as one of The Best 90s R&B Songs.

The original track inspired multiple successful remakes including the British girl-group The Sugababes 2002 remake “Freak Like Me.” The track ranked as The Guardian’s Best Number One Single of the year and landed on Billboard’s 100 Greatest Girl Group Songs of All Time. It’s no surprise that international earnings drive the collection, making up over 65% of historic royalties. In fact, international earnings for this collection are on the rise.

The most recent remake of the work is “Freak” from DJs R3hab & Quintino. The newest addition to this catalog is showing an impressive growth rate and contributes nearly 20% of earnings in the last 12 months. Lastly, additional noteworthy tracks include Yung Berg’s “The Business,” Arman Van Helden’s “Know Thyself,” Illusion’s “Reality” and Mass Order’s “Let’s Get Happy.”

Key Drivers

International. The majority of this catalog’s earnings come from abroad — at 70% of historical earnings. Although international royalty distribution can lag behind domestic payments and arrive with limited detail, as the winner of this auction you’ll be entitled to any past performance royalties paid by ASCAP, regardless of when they were earned.

Song Age. This catalog contains music with release dates dating back to 1995. This provides a diverse income mix between new(er) releases and more mature works. Industrywide, “Catalog Songs” (music released more than 18 months ago) and “Deep Catalog” (music released more than 3 years ago) together represent over 60% of music streamed today.

This collection of songs aligns with this trend. The highest-earning track — “Freak Like Me” from Adina Howard and The Sugababes remake were released 23 and 15 years ago, respectively. A catalog containing more mature works is something worth noting as an investor.

Remakes. Please note that the earnings for the original Adina Howard track, “Freak Like Me,” collect under the Work ID 360316801 while earnings for The Sugababes’ remake of the same title collect under the Work IDs 360528743 & 880357416. Earnings for the DJs R3hab & Quintino remix collect under the Work IDs 887081393 & 890278231 while the Pitbull track titled “Free.k” collect through the Work ID 889637617.

Streaming. This catalog is a perfect example of two trends: hip-hop and streaming's growth worldwide. Hip-hop overtook rock in 2017 as the most popular genre of music in the U.S. and now accounts for 31% of all music consumption. The driver for the increase is streaming.

According to Rolling Stone, total consumption of Urban songs (Hip-Hop/Rap and R&B) by both streams and sales grew by 18% in the first half of 2018. Streaming accounts for 10% of this catalog’s earnings over the last 12 months and these earnings are up over 43% in the same period.

About the Royalty Distributor

American Society of Composers, Authors and Publishers (ASCAP) is one of four United States performing rights organizations, along with BMI, SESAC & Global Music Rights. It collects license fees from music users on behalf of songwriters, composers, and music publishers and distributes them as royalties to those members whose works have been performed. For more information on ASCAP’s distribution schedule, click here.

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