Country Performance Royalties: High Valley

This catalog features early releases from the international country music duo High Valley. 

$54,000

closing price

Auction Closed

Top Bid: Nicholas B

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: $26,000
Bidding Increment: $400
Closing Price: $54,000
End Date: Jun 02, 2020, 1:41 PM MDT
Dollar Age:

5.90 Years

Last 12 Months' Royalties: $7,817
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): June 12, 2020
Distribution Frequency: Quarterly
Buyer Fees:

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
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

With tracks dating back to 2012, this country music collection features High Valley’s most commercially-successful hit to date “Make You Mine.” 

FINANCIAL HIGHLIGHTS:

International sources (earnings collected outside the United States) account for 66% of this offering’s royalties in the last 12 months. Not surprisingly, Canada is the highest-earning country with 63% of last year’s total reported royalties.

Historically, U.S. radio accounted for 49% of earnings. This is attributed to significant radio airplay for “Make You Mine,” which resulted in three-quarters of notable radio royalties (with bonuses) — you’ll see the spike in Q4-2016 and Q1-2017 on the quarterly bar chart on the Financials Tab. 

ABOUT THE CATALOG: 

Anchoring this catalog are songs from the early years of Canadian country group High Valley. The band is comprised of brothers Brad and Curtis Rempel, and has a bluegrass/country sound with international appeal. 

The catalog’s top song “Make You Mine” brought in 51% of last year’s earnings. As the third single off the group’s fourth studio album Country Line, it was initially released in Canada in December 2014. 

After that High Valley was signed to Atlantic Records/Warner Nashville in 2015. “Make You Mine” was re-released on the Atlantic label on their first major-label album Dear Life in February 2016. You’ll see the increase in radio royalties as a result of the track’s re-release in the American market. The song hit Gold-certified status in the U.S. and No. 21 on Billboard’s Hot Country Songs chart. 

Also off the album County Line are singles "(It’s Always Gonna) Be You,” “County Line,” and “Rescue Me” — with the latter two songs having the best year-over-year stability of the top-earning titles. 

The catalog also includes “Love You For A Long Time” from High Valley’s 2012 album Love Is a Long Road and "Buzz, Buzz, Buzzin" from Canadian solo artist Tim Hicks.

Key Drivers

Dollar Age. This catalog has a Dollar Age of 5.90 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly six years. A high Dollar Age like this suggests stability and longevity.

A catalog containing mature works with consistent is something worth noting as an investor. This can help sustain a catalog's earnings moving forward.

Country Music & Radio. Country is the top-ranked radio format in terms of overall number of stations in the U.S. Radio royalties don't tend to level off as quickly with a popular country song compared to other genres. Yet songs with significant radio play can often transfer that audience to streaming and platforms as radio royalties ebb. As the winning bidder, going forward you'll collect the incoming radio royalties and other income sources — like streaming.

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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