Drake’s Platinum “Fire & Desire”

Submit a bid on songwriter royalties produced by the Platinum hit “Fire & Desire,” from one of hip-hop’s biggest stars — Drake!

$36,250

closing price

Auction Closed

Top Bid: Gautham K

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: $16,000
Bidding Increment: $450
Closing Price: $36,250
End Date: Nov 20, 2018, 1:23 PM MST
Last 12 Months' Royalties: $4,800
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

We recently listed the publishing royalties for this same song, and you can see that listing here. This time up for bid are the songwriter public performance royalties for the Platinum hit “Fire & Desire” from hip-hop superstar Drake.

Released in 2016, “Fire & Desire” peaked No. 30 on Billboard’s Hot R&B/Hip-Hop Songs chart. The single was featured on Drake's 4X Platinum album Views — which was nominated for Album of the Year as well as Best Rap Album at the 2017 Grammys. Views also became the first album to accumulate one billion streams on Apple Music.

Not surprisingly, in the last 12 months, 73% of this single’s earnings came from streaming sources -- Apple Music, Pandora, and Spotify leading the way. “Fire & Desire” has 120+ million Spotify spins to date, while Drake happens to rank No. 2 worldwide on Spotify's most-streamed artist list with 45+ million monthly listeners. This is good news for you, as it exposes Drake and his songs to new listeners & potential fans.

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.

"Fire & Desire" is a perfect example of these two trends: hip-hop’s and streaming's growth worldwide. Streaming accounts for 73% of this song’s earnings in the last 12 months.

Drake’s Massive Popularity. Drake just recently released a new album and is actively touring through November 2018. While the new songs are not included in this auction, the release of new music and active tours reengages existing fans and draws discovery among new fans. In June, the RIAA announced that Drake is the top-certified singles artist ever with 142 million certified units.

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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