Drake’s Multi-Platinum Hit “Best I Ever Had”

Collect songwriter royalties produced by the 4X Platinum smash “Best I Ever Had” from hip-hop megastar Drake!

$33,900

closing price

Auction Closed

Top Bid: Victory C

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: $350
Closing Price: $33,900
End Date: Nov 12, 2018, 3:29 PM MST
Last 12 Months' Royalties: $3,365
Investment Term: Life of author + 70 years
Distributors: BMI
Rights Included:

Public Performance 

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: January 18, 2019
Distribution Frequency: Quarterly
Relist-Eligible?

No

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

This single-song auction features the public performance royalties for the multi-Platinum hit “Best I Ever Had” from one of hip-hop’s biggest stars — Drake.

“Best I Ever Had” was released in 2009 on Drake’s debut EP, So Far Gone. The single hit No. 1 on two Billboard charts (Hot R&B/Hip-Hop Songs and Hot Rap Song) and peaked at No. 2 on the Billboard Hot 100. It also received two Grammy nominations for Best Rap Solo Performance and Best Rap Song.
 
In the last 12 months, 62% of this single’s earnings came from streaming sources. Also worth noting is that the song still earned an impressive 15% of royalties from radio airplay in the last year… nearly 10 years after its initial release!

“Best I Ever Had” is certified quadruple-Platinum by the RIAA and has a staggering 150+ million spins on Spotify. What’s more, Drake is the most-streamed artist in the world, with almost 48 million monthly listeners on Spotify.

Key Drivers

Hip-Hop & Streaming. Hip-hop overtook rock in 2017 as the most popular genre of music in the U.S. In the first half of 2018, it accounted for 31% of all music consumption. According to the Nielsen report, total consumption of Urban songs (Hip-Hop/Rap and R&B) grew by 18% in both sales and streams.

"Best I Ever Had" is a perfect example of these two trends: hip-hop’s and streaming's growth worldwide. Streaming accounts for 62% of this song’s earnings in the last 12 months. Drake also happens to rank No. 1 worldwide on Spotify's most-streamed artist list with a massive following of nearly 48 million monthly listeners. This is good news for you, as it exposes Drake and his songs to new listeners & potential fans.

New Releases & Tours. Drake just recently released a new album Scorpion in June 2018. While the new songs are not included in this auction, the monster success of Scorpion can help boost Drake’s back catalog. Drake is also actively touring through the November of 2018. The release of new music and active tours reengages existing fans and also draws discovery among new fans.

BUYBACK OPTION

The seller has the option to repurchase the royalty share from the winning bidder, for two years after the date of sale, for 150% of the final auction price.

Matching Right

This seller's publisher holds a matching right on any sale of public performance income in this catalog. The publisher will have the opportunity to match the winning bid after this auction closes. If you are the winning bidder, the publisher must first decline their matching right before you will be able to complete your purchase. This process is generally completed within 5–10 business days.

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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