Catalog Featuring Hot R&B Artist Tank
This offering features sound recording royalties generated by five albums from Grammy-nominated R&B artist, Tank.
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: | $275,000 |
| Bidding Increment: | $9,500 |
| Closing Price: | $436,500 |
| End Date: | Apr 30, 2019, 3:25 PM MDT |
| Dollar Age: | ~ 2.23 Years |
| Last 12 Months' Royalties: | $95,638 |
| Investment Term: | Life of author + 70 years |
| Distributors: | Warner Music Group |
| Rights Included: | Sales & Streaming |
| Interests Included: | Directed Payee (See Note Below) |
| Track List: | |
| First Distribution: | September 30, 2019 |
| Distribution Frequency: | Biannually |
| Buyer Fees: | $500‡ |
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What rights are included?
Description
Up for bid are sound recording royalties from the last five album releases from soulful R&B vocalist Tank.
As the winning bidder, you will collect earnings generated from sales (physical and downloads) and streaming of the albums themselves, in addition to each song on each record. In the last 12 months, this catalog earned over half its income from streaming, with Apple Music and Spotify as the leading platforms.
Albums included in this collection span seven years, beginning with 2010’s Now or Never. This is Tank’s first album with Atlantic, which peaked at No. 35 on the Billboard 200. In 2012, Tank followed with This is How I Feel, which topped the Top R&B/Hip-Hop Albums chart at No. 1. Tank collaborated with other big-name artists Chris Brown, Busta Rhymes, T.I. and Kris Stephens on the album.
Also featured in this catalog are Tank’s 2014 album Stronger, as well as Sex Love & Pain II. Released in 2016, Sex Love & Pain II is Tank's fifth solo album to debut at No. 1 on Billboard’s Top R&B/Hip-Hop Albums.
Finally, as the winning bidder, you’ll collect royalties for Tank’s most recent record, Savage. The album was released in September 2017 and featured the Platinum-selling single “When We,” which also topped the Adult R&B chart at No. 1. In the last 12 months, "When We" is the highest-earning release in this collection.
Key Drivers
Sound Recording & Streaming: Sound recording royalties benefit from streaming disproportionately more than composition-based royalties. If Spotify pays 70-cents of every dollar on music rights, 60-cents of that goes to the sound recording copyright (which the label splits with the artist based on their contract agreement), while the remaining 10-cents goes to the composition copyright.
Record labels see significant benefits as a result. According to an analysis of publicly-stated financial results by Music Business Worldwide, labels Universal, Sony and Warner jointly turned over just over $6.93 billion globally last year from streaming income alone.
You can see this trend reflected in the catalog up for bid. In the last year, over half of this collection’s revenue came from subscription streaming services. This is good news for you as the investor, as it follows the industry macro trend of rising label streaming royalties.
NOTE ABOUT DIRECTED PAYEE INTEREST
The seller’s interest in this asset is derived from a manager’s override pursuant to an artist recording agreement, which directs a percentage of the royalties earned by the artist’s sound recordings to the seller for the life of the sound recording copyrights.
The seller does not receive detailed royalty data from the distributor. The buyer may not receive detailed royalty data from the distributor.
About the Royalty Distributor
Warner Bros. Records Inc. is one of the top major record labels in the world. They are the foundation label of the present-day Warner Music Group (WMG). Warner Bros. Records is home to a wide array of legendary artists with a rich catalog of contemporary hits and influential standards. With a commitment to artist-friendly policies and long-range career development, they continue to maintain a strong share of the label market around the world.