Contemporary Blues Catalog

Up for auction are public performance royalties from talented blues musician Bobby Messano.

$15,000

closing price

Auction Closed

Top Bid: James V

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: $12,000
Bidding Increment: $300
Closing Price: $15,000
End Date: Jul 30, 2018, 1:00 PM MDT
Last 12 Months' Royalties: $2,912
Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Songwriter (World) & Publisher (U.S. Only)

Track List:

Songwriter & Publisher 

First Distribution: August 13, 2018
Distribution Frequency: Quarterly
Relist-Eligible? Yes
Buyer Fees:

$500

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

Auction fees are waived on Buy It Now listings.

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

Collect royalties from accomplished blues guitarist Bobby Messano, who debuted on the music scene in 1976 and is still actively touring and producing new music today.

Looking at the collection of songs, it features both new and older releases. The highest-earning title in the last 12 months is “Bad Movie.” The 2017 release brought in 30% of the catalog’s income last year. “Bad Movie” recently won a prestigious 2017 Hollywood Music In Media Award (HMMA) in the blues category. Followed by two more mature songs -- “The Way Things Used To Be” and “Dominion Roads” (both accounting for 18%) -- released in 2003 and 1998, respectively.

What’s unique about this catalog, is that it earns primarily from SiriusXM radio, bringing in 81% of earnings to date. Bobby Messano’s songs are frequently and consistently played on the curated BB King’s Bluesville Sirius XM channel.

Finally, this catalog features songs from the 2015 album Love and Money. The album impressively hit No. 1 on Billboard’s Blues Albums.

Key Drivers

Sirius XM Radio. The Copyright Royalty Board (CRB) recently increased the rates Sirius XM must pay rights-holders by more than 40% over the next five years, from 11% of revenue to 15.5% of revenue, effective January 1, 2018. This catalog earns the majority of its income (81% historically) from Sirius XM. As the winner of this auction, you can benefit from these rate increases as you collect royalties for the next 10 years.

Active Tour. Bobby is currently touring through January 2019 and is set to play upwards of 135 shows this year. Active tours reengages existing fans and also draws discovery among new fans.

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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