Country From Eric Church, Trace Adkins & More

Place a bid on this decade-old catalog featuring consistent royalties from some of the hottest names in country music.

$24,000

closing price

Auction Closed

Top Bid: William G

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: $15,000
Bidding Increment: $600
Closing Price: $24,000
End Date: Jul 24, 2019, 3:11 PM MDT
Dollar Age:

9.75 Years

Last 12 Months' Royalties: $6,182
Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance 

Interests Included:

Songwriter (U.S. Only)

Track List:

Track List

First Distribution: (paid 30 days from receipt):

October 7, 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

This country music offering boasts consistent earnings from country superstars Eric Church, Trace Adkins, Lee Ann Womack, and Trisha Yearwood.

The foundation of this catalog are two songs performed by multi-Platinum country artist Eric Church: “A Lot Of Boot Left To Fill” and “Before She Does” (2006). Released in 2009, on Eric Church’s second album Carolina, “A Lot Of Boot Left To Fill” brought in 49% of revenue in the last 12 months.

Impressively, four of the top-five earning songs in this collection are seeing positive year-over-year growth, thanks to live performances and streaming. And these songs have release dates dating 2005 to 2009, which means this catalog has a Dollar Age of 9.75 years.

Rather consistent live performance royalties (generated by its Eric Church tracks) account for 37% of historic income. You’ll notice a spike in earnings in Q3-2018, which is an annual payment for live performances. Streaming has steadily increased each year since 2013, with 8% growth in the last four quarters. Pandora is the leading platform, with Spotify and Apple Music behind.

Not to be missed, this collection also features 2005’s “Arlington” from Trace Adkins, a duet between Josh Turner and Trisha Yearwood titled “Another Try,” and "He Oughta Know That By Now" from country singer/songwriter Lee Ann Womack.

Key Drivers

Dollar Age. This offering has a Dollar Age of 9.75 Years. This means the majority of royalties earned in the last 12 months comes from songs that have generated royalties for nearly 10 years. A high Dollar Age like this suggests stability and longevity and is worth noting as an investor. This can help sustain the asset’s earnings moving forward.

Live Performances & Touring. One unique aspect to this catalog is that 55% of royalties in the last 12 months come from live performances of “A Lot Of Boot Left To Fill” and “Before She Does” by Eric Church. The country star tours actively and performs the older releases consistently, as seen in the data. In fact, this catalog has earned 37% of its historic income from live performances, with royalties paid every year since 2013.

Eric Church is currently on his 2019 Double Down Tour, where he performs two shows a week in one city. The massive tour began in mid-January and is currently scheduled to run through late November 2019. This is good news for you as the investor, as this catalog collects income generated by the live performances of the included Eric Church songs. It's also important to note that Eric Church stops touring/performing those two songs, the earnings from these live performances could diminish.

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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