Consistent Streaming-Driven Hip-Hop Royalties

Collect consistent earnings from a growing hip-hop catalog featuring Boston-based rapper Cam Meekins

$33,000

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: $33,000
Bidding Increment: $3,000
Closing Price: $33,000
End Date: Apr 03, 2018, 3:00 PM MDT
Investment Term: 10 years*
Last 12 Months' Royalties: $6,308
Royalty Type: Public Performance
First Payment: July 2018
Buyer Fees: None

*Please see the FAQ tab for more information on the 10-year investment term.

Description

Bid on a consistent catalog of public performance royalties with yearly growth driven by streaming. Up for auction are public performance royalties from indie hip-hop artist Cam Meekins. In the last 12 months, this catalog has earned $6,308.

Boston-based indie rapper Cam Meekins came on the scene in 2011 with his mixtape 1993. The next year, he was awarded best new artist at the Boston Music Awards. Since then, Meekins has released five albums. Click on the 'Media' tab to listen to tracks included in this auction.

Included in this auction is Meekins debut album Lamp City released in 2013. The album reached No. 3 on the iTunes charts, slingshotting Meekins into his first national tour. Currently, Meekins is working on a new album that he plans to release this year, followed by another national tour.

Key Drivers

Streaming. These royalties are driven by streaming sources like Pandora, Spotify, and Apple Music. Over 93% of royalties earned by this catalog are coming directly from streaming.

This catalog’s highest earner “Better Days” claims impressive YouTube activity with nearly 1 million plays, and over 6.9 million streams on Spotify. The track “Slow Down” falls close behind with over half a million YouTube and 5 million Spotify plays. Meekins commands over 340,000 monthly listeners on Spotify.

His tracks are placed on a variety of Spotify curated playlists, including “The Sound of Pop Rap” which currently stands at over 12,000 followers. This is good news for you, as this exposes his music to new listeners and potential new fans.

Meekins rightfully focuses his energy on earning through streaming sources. Reports say Spotify is on pace for around $4.9 billion in revenue for 2017, a 46% boost over its 2016 numbers. And its active subscriber base is growing 40% year over year.

What is being sold?

10 years of royalty payments derived from 100% of Seller's interest in the songwriter's share of all public performance royalties attributable to the musical compositions in Seller's BMI catalog as of the execution date of this agreement.

How does this asset make money?

Every time “Better Days” or any song from this catalog is streamed online through platforms like Pandora, Spotify, Apple Music or is played on the radio, you earn royalties. If any of them are covered by another artist, you earn royalties.

Royalty Exchange will administer quarterly payments from BMI. The first distribution for the period ending June 2018 will be paid in July.

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 Placements & 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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