Consistent Smooth Jazz Royalties

Up for auction are growing smooth jazz royalties from songs by the renowned jazz musician Johnny Britt.

$23,600

closing price

Auction Closed

Top Bid: David D

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: $11,000
Bidding Increment: $350
Closing Price: $23,600
End Date: Jun 26, 2019, 3:07 PM MDT
Dollar Age:

~17 years

Last 12 Months' Royalties:

$3,499

Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Publisher (World)

Track List:

Track List

First Distribution (paid 30 days from receipt):

August 12, 2019

Distribution Frequency: Quarterly
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: ASCAP

Description

Do not miss out on an opportunity to collect growing royalties from Smooth Jazz Composer, Johnny Britt. A catalog earning for almost 17 years and growing does not come around often.

The top earner for this catalog is the tribute to Grover Washington Jr., “Grover’s Groove”. This track was released on smooth jazz trumpeter, Rick Braun’s, 2001 Album “Kisses In the Rain”. The earnings from the song represent 31% of the royalties over the last 12 months with a growth of 14% from the 12 months prior.

Rounding out the consistency of this collection are the songs “On the Wes Side” made popular by the late jazz Guitarist Jeff Golub and “Grand Central” by Grammy-nominated saxophonist, Boney James. These tracks cover an additional 26% of earnings over the last 12 months.

Key Drivers

Jazz/Streaming. According to BuzzAngle’s 2018 report, as a genre, over half of jazz listeners tune in through streaming platforms. This is good news for you over 69% of recent earnings came from streaming. As the winning investor will benefit from this collection's increasing streaming growth. In the last 12 months alone, this collection has shown notable growth at 47%.

Dollar Age. This catalog has a Dollar Age of approximately 17 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly two decades. A high Dollar Age like this suggests stability and longevity. “Grover’s Grove” was released in 2001 and royalties continue to grow/remain consistent. 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.

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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