Alt-Rock Performance Royalties: Anarbor

This catalog features growing earnings from established songs performed by the alternative rock group Anarbor.

$14,000

closing price

Auction Closed

Top Bid: First C

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: $5,000
Bidding Increment: $150
Closing Price: $14,000
End Date: Mar 18, 2020, 3:10 PM MDT
Dollar Age:

7.83 Years

Last 12 Months' Royalties: $1,523
Investment Term: Life of author + 70 years
Distributors: BMI
Rights Included:

Public Performance 

Interests Included:

Songwriter (World) 

Track List:

Track List

First Distribution (paid 30 days from receipt): March 20, 2020
Distribution Frequency: Quarterly
Buyer Fees:

1% of closing price or $500 (whichever is greater)

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
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 bid are rising songwriter royalties generated by a rock catalog with an average Dollar Age of nearly 8 years, featuring the indie band Anarbor.

LISTING HIGHLIGHTS:

  • Life of Rights investment term
  • 7-Year Dollar Age = stable earning history
  • Positive earning trends
  • Diverse song income mix

FINANCIAL HIGHLIGHTS:

The top source of earnings and the top-performing songs in this catalog are all growing. 

Streaming drove 73% of this asset’s earnings in the last 12 months but increased 38% over the year prior. What’s more, four of the five highest-earning songs in the catalog grew by double digits in the last 12 months. Not only do these songs have a long track record of earnings—released between 2008 - 2013—but the highest-earning song among them accounts for only 20% of last year’s total. 

You’ll notice a spike in earnings in Q4-2017 — this is a result of increased Spotify earnings for the catalog, likely because the band released a new album Anarbor in late 2016. New releases can help boost an artist's back catalog, as new music draws discovery among first-time listeners and re-engages existing fans.

ABOUT THE CATALOG

Originally formed in 2003 while the band members were in middle school, Anarbor was signed to Hopeless Records in 2008. The catalog contains the band’s oldest works during their time with the label.

The top-earning title is “18,” which is the band’s most popular song to-date with over 22 million spins on Spotify. Following that is 2009’s “You And I” with 13% of last year’s revenue. The track is used in the 2009 made-for-TV movie Scooby-Doo! The Mystery Begins. The movie aired on the Cartoon Network and continues to generate public performance revenue for “You And I” every time the film airs on TV or is streamed online. 

Also included in this catalog are songs from Anarbor’s first full-length studio album The Words You Don't Swallow: notably “Gypsy Woman,” and “Let The Games Begin.” The album peaked at No. 50 on Billboard's Independent Albums chart. 

Key Drivers

Dollar Age. This catalog has a Dollar Age of 7.76 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly eight years. A high Dollar Age like this suggests stability and longevity. A catalog containing mature works with consistent (and even growing earnings) is something worth noting as an investor. This can help sustain a catalog's earnings moving forward.

New Releases. Anarbor is planning to release an EP sometime in Spring 2020, along with a full-length studio album later in the year. While the new songs are not included in this auction, new releases can help boost an artist's back catalog. The release of new music draws discovery among first-time listeners and re-engages existing fans. 

This is also evident in this catalog, with the spike in earnings in Q4-2017, after the band released their third studio album, the first in a few years. 

Diversity in Song Income Mix. Revenues are also widely distributed — the single highest-earning song only accounts for 20% of last year’s income. This means the catalog’s earnings are not tied to the success of a single track and provides built-in diversification.

Streaming Growth Worldwide. According to IFPI’S Global Music Report 2019, streaming revenues were up 34% in 2018, accounting for nearly half (47%) of total recorded music revenues. By the end of 2018, there were 255 million users of paid subscription accounts globally.

About the Royalty Distributor

Broadcast Music, Inc. (BMI) is one of four United States performing rights organizations, along with ASCAP, 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 BMI’s distribution schedule, click here.

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