Contemporary Christian & Gospel Collection

Up for auction is a Christian catalog featuring contemporary works from the Chicago-based gospel group Kenny Lewis & One Voice, Lonnie Hunter & Structure and more!

$5,050

closing price

Auction Closed

Top Bid: Damon W

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: $4,750
Bidding Increment: $100
Closing Price: $5,050
End Date: Jun 24, 2019, 1:03 PM MDT
Dollar Age:

2.85 Years

Last 12 Months' Royalties: $1,671
Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: July 8, 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

Bid now for your chance to earn from Stellar Award nominated Gospel groups Kenny Lewis & One Voice, Lonnie Hunter & Structure and more. This collection drives strong radio earnings from the success of top-earning tracks “Love Song” and “He’s Worthy.”

“Love Song” contributes to over 51% of earnings in the last 12 months alone. Released in 2017 to album Refocus, “Love Song” paved an impressive foundation on this collection’s largest earning source to date, radio. In the year following its release, the hit single received significant radio royalties, noted in the quarterly bar chart.

Additionally, Stellar Award winner Lonnie Hunter & Structure’s track “He’s Worthy” makes up over 39% of recent earnings for this collection. Released in 2015 to the album #GETITDONE, “He’s Worthy” claimed a No. 2 seat on Billboard’s Gospel Most Added Song during its first week on the radio.

Key Drivers

Radio. Radio is the largest source of revenue for this collection, accounting for 73% of historic royalties and 71% of royalties in the last 12 months. Although radio royalties are still being generated (over 4 years from “He’s Worthy” release date), they could eventually level off. Typically, songs that experience significant radio play can often build a foundation for other types of income.

Case in point: streaming. Historically, streaming brought in 3% of royalties. In the last 12 months, however, streaming accounted for 5% of royalties. Streaming royalties are also seeing a 34% increase over the last 12 months. So as we're seeing the radio royalties begin to slow down, other income sources (streaming) begin to increase.

Sirius XM. 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. Historically, this catalog generated 21% of earnings 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.

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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