Catalog Featuring Hip-Hop Artist Kevin Gates

Collect songwriter royalties from hit track "Not The Only One" off Kevin Gates’ Platinum album Islah and more.

$60,500

closing price

Auction Closed

Top Bid: Stephen T

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: $38,000
Bidding Increment: $1,500
Closing Price: $60,500
End Date: May 10, 2018, 3:00 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $15,081
Royalty Type: Public Performance
First Payment: June 2018
Buyer Fees: $500 BMI Account Set Up Fee

*BMI charges a one-time fee of $500 to open a new payee account, which will be debited from the payee's first royalty distribution. Once opened, multiple royalty streams can be routed to the buyer's payee account. If you already have a BMI payee account, there is no fee.

Description

Up for auction is a catalog featuring the American songwriter, rapper, and performing artist Kevin Gates. Included in this listing are hit tracks from numerous successful mixtapes, as well as “Not The Only One” off Gates’ first studio album. In the last 12 months, these works earned over $15,000.

Released in 2016, Gates’ debut studio album Islah peaked at No. 2 on the Billboard Top 200 and Billboard Top R&B/Hip-Hop Albums. Gates was recognized by the Recording Industry Association of America for having the only debut album to reach platinum status in 2016. The top-earning track in this collection is “Not The Only One” from that successful album

Another top earner for this listing is the track “Posed To Be in Love” from Gates’ 11th commercial mixtape, By Any Means. The mixtape debuted in 2014 at No. 17 on Billboard’s Top 200 chart. The success of the first mixtape inspired a sequel, released in late 2017. 

Also worth noting, the track “Great Example” from Gates’ 14th mixtape Murder For Hire 2. Debuting in late 2016, the mixtape peaked at No. 12 on Billboard’s Top 200 and boasts over 7.3 million streams online.

Gates is still actively producing music. Gates plans to record an impressive 200-300 songs and is scheduled to be back on tour soon. He has dates set in July to perform alongside artists T-Pain, Gucci Mane, Halsey, Logic, and more.

Key Drivers

Streaming. Pandora, YouTube, Apple and Spotify are just a few of the sources of income for this collection of works. Currently, Gates has over 3.8 million monthly listeners and 1.5 million followers on the popular streaming platform Spotify. This means, anytime these tracks are streamed, you earn royalties.

This listing’s highest earner — “Posed To Be In Love”  — has an impressive 22 million streams on Spotify and 64 million plays on YouTube. The next highest earner — “Not The Only One” — claims over 28 million streams on Spotify and 34 million plays on YouTube.

Radio. Radio is a large source of revenue for this catalog, accounting for nearly a quarter of historic earnings. Increased revenue driven by radio are commonly seen following the release of a new track. Although many of the songs were released years ago, this catalog is collecting radio royalties from new releases: “Not The Only One” and “Great Example.”

What is being sold?

100% of the seller's interest in the songwriter's share of public performance royalties attributable to the songwriter's catalog of musical works. See the “Financials” tab for a full track list.

How does this asset make money?

Every time "Posed To Be In Love," "Not The Only One" or any other track in this catalog is played on the Apple, Spotify, Pandora, or any other type of public performance, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is June 2018.

Unless the buyer opts out of the opportunity, this listing will automatically be relisted as a "Buy It Now" sale at a premium over the closing price. The relisted asset will remain live until it is purchased, or until its first royalty distribution. This gives the winning bidder the chance to earn an immediate return on the asset while awaiting the first royalty payment.

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

About the Royalty Distributor

BMI represents more than 10.5 million musical works created and owned by more than 700,000 songwriters, composers and music publishers. BMI supports businesses and organizations that play music publicly by offering blanket music licenses that permit them to play more than 10.5 million musical works.

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