Contemporary Christian Catalog

Invest in public performance royalties generated by a Top 10 contemporary Christian hit “What a Friend,” from vocalist Matt Maher.

$51,500

closing price

Auction Closed

Top Bid: Zeke A

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: $45,000
Bidding Increment: $1,300
Closing Price: $51,500
End Date: Aug 12, 2019, 1:05 PM MDT
Dollar Age:

2.26 Years

Last 12 Months' Royalties:

$13,752

Investment Term: Life of author + 70 years
Distributors: BMI
Rights Included:

Public Performance 

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: (paid 30 days from receipt):

September 20, 2019

Distribution Frequency: Quarterly
Buyer Fees:

$500

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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: BMI

Description

Submit a bid for this contemporary Christian catalog featuring the hit single “What a Friend” from Grammy-nominated Christian artist Matt Maher, along with songs from Christian pop band I Am They.

The foundation of this offering is “What a Friend” performed by Matt Maher — accounting for 92% of last year’s income. “What a Friend” was released as the second single from the 2017 album Echoes. The album itself was nominated for Best Contemporary Christian Album at the 60th Grammy Awards.

“What a Friend” had immediate success on Christian radio, peaking at No. 10 on Billboard’s Hot Christian Songs chart and spending an impressive 26 weeks on the overall chart. The single earns primarily from radio with 82% of income in the last year. On the streaming front, “What a Friend” has close to 5 million spins on Spotify.

The other top-contributing tracks come from the Christian band I Am They. The catalog includes nine songs from the band’s self-titled, 2015 album I Am They, which charted well on Billboard Christian Albums charts at No. 10.

Key Drivers

Radio. Radio is the largest source of revenue for the catalog accounting for 71% of historic royalties. Although radio royalties are still being generated, they could eventually level off. Typically, songs that experience significant radio play can often build a foundation for other types of income, such as streaming.

Active Touring. Both Matt Maher and I Am They have active tours scheduled in 2019. Matt Maher has tour dates booked through fall 2019. In fact, this catalog has also benefitted for live performances by Matt Maher for “What a Friend” in the last year. I Am They has numerous shows on scheduled through November 2019. Tours give artists the chance to solidify their current fan base and expand their reach to new listeners which can help boost an artist’s back catalog.

About the Royalty Distributor

Broadcast Music, Inc. (BMI) is one of four United States performing rights organizations, along with ASCAP, 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 BMI’s distribution schedule, click here.

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