Blues & Rock Legend Joe Bonamassa

This listing, with over a decade of earnings, includes public performance royalties from talented blues musician Joe Bonamassa and more.

$177,500

closing price

Auction Closed

Top Bid: Andrew C

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: $100,000
Bidding Increment: $3,100
Closing Price: $177,500
End Date: Sep 12, 2018, 3:00 PM MDT
Last 12 Months' Royalties: $31,128
Investment Term: Life of author + 70 years
Distributors: BMI
Rights Included:

Public Performance

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: September 14, 2018
Distribution Frequency: Quarterly
Relist-Eligible?

No

Buyer Fees:

$500

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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

Collect royalties from accomplished Grammy-nominated blues-rock guitarist Joe Bonamassa. Bonamassa debuted on the music scene in 1989 as the opening act for B.B. King at the ripe age of 12. With over 11 No.1 Billboard Blues Albums, Bonamassa has performed alongside legends Eric Clapton, Jeff Beck and more. This auction includes one of his most recent album releases, Blues of Desperation.

New releases from Bonamassa are driving recent growth in the last 12 months. The highest earning release, “This Train,” brought in 24% of the catalog’s income in the last year. This single was featured on Bonamassa’s twelfth studio album Blues of Desperation, debuting at No.12 on the Billboard 200, No. 2 on Top Rock Albums and No.1 on the Blues Album chart. Other top earners include “How Deep This River Runs,” “Valley Runs Low,” and “Blues of Desperation” collectively contributing to 50% of this catalogs earnings in the last 12 months.

Released in 2014, tracks “Oh Beautiful” and “Different Shades of Blue” collected nearly a quarter of this catalog’s historic earnings. Other long-earning works include releases from the 90’s “Here’s To You” and “This is Me Missing You” from blues artist James House, and “Ain’t That Lonely Yet” from Dwight Yoakam.

What’s unique about this catalog is that it earns predominantly from international sources. In the last 12 months, over 60% of earnings came from overseas sources. Radio plays make up another top-earning source, bringing in 16% of earnings to date. Good news for you? Joe Bonamassa is actively touring! His live performance royalties contribute to 29% of this catalog’s earnings in the last 12 months.

Key Drivers

International. The majority of this catalog’s earnings come from abroad — including France, Germany, and the Netherlands. Partially due to the fact that the album Blues of Desperation, charted in over 17 countries. As the winner of this auction, you’ll be entitled to international performance royalties paid by BMI, regardless of when they were earned.

Live Performance. Over 29% of royalties in the last 12 months come directly from live performance by Joe Bonamassa. Bonamassa tours actively, driving a consistent trend in royalty payments for this collection of works. In 2018, Bonamassa released a new album. Tours & new releases give artists the chance to solidify their current fan base and expand their reach to new listeners.

Radio. This catalog has generated consistent radio royalties since Blues of Desperation was released in 2016. Radio royalties made up 14% of the revenue last year and the earnings were 62% higher than the previous year.

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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