Dr. Dre’s “What’s The Difference”

This auction features sound recording royalties produced by the hit  “What’s The Difference,” from Dr. Dre featuring Eminem and Xzibit.


closing price

Auction Closed

Top Bid: BEN B

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: $18,000
Bidding Increment: $500
Closing Price: $47,000
End Date: May 15, 2018, 3:43 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $5,453
Royalty Type: Sound Recording Performance
First Payment: April 2019
Buyer Fees: None


Earn royalties from one of the biggest names in hip-hop! This offering features sound recording royalties from Dr. Dre’s “What’s The Difference,” featuring Eminem and Xzibit. In the last 12 months, this recording generated $5,453 in performance royalties.

“What's The Difference” is from Dr. Dre's six-time Platinum-selling album 2001. Released in 1999, the album debuted at No. 2 on the Billboard 200 and No. 1 on Billboard's Top R&B Hip-Hop Albums. Although not officially released as a single, "What's The Difference" received radio airplay which resulted in it charting at No. 68 on Billboard’s R&B/Hip-Hop Airplay. To date, the title has over 90 million Spotify spins and is Dr. Dre’s fifth most popular song on the platform.

The seller performed background vocals on the recording and receives non-featured performer digital performance royalties. AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund, a non-profit organization that distributes royalties to session musicians and background vocalists, pays these royalties annually.

Key Drivers

This asset features a title from the most-streamed genre in 2017: hip-hop. Hip-hop overtook rock in 2017 as the most popular genre of music in the U.S., accounting for 24.5% of all music consumption. The driver for the increase is streaming. It’s worth noting that the vast majority of these AFM & SAG-AFTRA royalties come from digital streaming (like Spotify). 

According to BuzzAngle’s 2017 Music Report: Urban songs (Hip-Hop/Rap and R&B) were the most streamed songs in 2017, accounting for 32% of all streams. "What's The Difference" is a perfect example of these two trends: hip-hop and streaming's worldwide growth.

What is being sold?

100% of seller's interest in the non-featured performer's share of royalties attributable to the sound recording "What’s The Difference” by Dr. Dre.

How does this asset make money?

The vast majority of royalties come from digital streaming on platforms like Spotify, Pandora, Google Play, and Sirius XM Radio. Each year, AFM & SAG-AFTRA calculates this song's share of the total royalties collected for the non-featured performer's fund and distributes royalties accordingly. AFM & SAG-AFTRA make payments once a year at the end of April.

Royalty Exchange will administer the payments to the winner of this auction and the first distribution you will receive is April 2019.

For more information on the AFM & SAG-AFTRA Fund, click here. For a detailed breakdown of how they calculate and pay royalties, click here.

What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Public Performance
Sources: Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, etc.
Distributors: AFM & SAG-AFTRA

About the Royalty Distributor

The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund is a non-profit organization that distributes royalties to session musicians and background vocalists.

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