Eric Church’s Country Hit “Sinners Like Me”

This single song offering boasts consistent earnings from Eric Chruch's 2006 hit single “Sinners Like Me."  

$30,600

closing price

Auction Closed

Top Bid: John P

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: $30,600
End Date: Aug 02, 2019, 3:00 PM MDT
Dollar Age:

9.78 Years

Last 12 Months' Royalties: $5,797
Investment Term: 10 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Songwriter (U.S. Only)

Track List:

Track List

First Distribution: 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

Up for auction is the single country hit “Sinners Like Me” from genre leader Eric Church. "Sinners Like Me" has earned with impressive consistency for the past decade.

Featured as the lead single on Eric Church’s debut, certified-Gold album Sinners Like Me, the title track generates consistent earnings 13 years after its release. In fact, streaming is the largest income source (58%) in the last year, and these royalties are on the rise, up 13% compared to the previous timeframe. 

Following the 10-year anniversary of its release, Church debuted the original, never-before-released video for the song. The video now claims well over a million streams on Facebook alone.

As the track is incorporated in Church’s concerts, consistent live performance royalties make up a majority of the earning sources, accounting for 28% of historic income. You’ll notice a spike in earnings in Q3-2018, which is an annual payment for live performances. 

Key Drivers

Dollar Age. This offering has a Dollar Age of 9.78 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 of this catalog is that 35% of royalties in the last 12 months come from live performances. The country star tours actively and performs the older releases consistently, as seen in the data. In fact, this catalog has earned 28% of its historic income from live performances, with royalties paid in line with Church’s tour for the last six years.

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 if Eric Church stops touring/performing the track, 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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