Established Electronic Catalog Featuring Minnesota

Invest in sound recording royalties generated by a collection of tracks from popular EDM/dubstep producer Minnesota.

$97,000

closing price

Auction Closed

Top Bid: Matthew M

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: $64,000
Bidding Increment: $1,500
Closing Price: $97,000
End Date: Jun 17, 2019, 1:09 PM MDT
Dollar Age:

4.45 Years

Last 12 Months' Royalties: $15,532
Investment Term: Life of author + 70 years
Distributors: TuneCore
Rights Included:

Sales & Streaming 

Interests Included:

Rightsholder (World)

Track List:

Track List

First Distribution (paid 30 days from receipt):

July 31, 2019

Distribution Frequency: Monthly
Buyer Fees:

$500

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What rights are included?

Description

This offering features an established EDM catalog from the hot producer and DJ Minnesota. The winning bidder will collect earnings generated from sales (physical and downloads) and streaming for each of the included songs and albums.

As with industry trends, 96% of this catalog’s income in the last year came from streaming. And these streaming royalties are on the rise — up 8% year-over-year. Spotify is the top-earning platform with 73% of income in the last 12 months, while the royalties increased 6% compared to the previous year. In fact, three of the top-earning platforms saw positive growth in the last 12 months!

Revenues by song are also widely distributed across the catalog. The single highest-earning track — “Float” (2016) — accounts for 15% of last year’s income. This means the catalog's earnings are not tied to the success of a single song and thus, provides built-in diversification. The royalties generated by “Float” have also grown 21% year-over-year.

Other top-earning tracks include 2013’s “Stardust Redux,” “Another Night” released in 2017, and “Colors” featuring vocalist Jackie Rain.

Key Drivers

Dollar Age This collection of songs has a Dollar Age of 4.45 years. This means the majority of royalties earned in the last 12 months comes from songs that have generated royalties for over four years. A high Dollar Age like this suggests stability and longevity. This can help sustain a catalog's earnings moving forward.

Artist Popularity. Minnesota's artist project began in 2010 with continued new releases since then. He has a loyal fanbase with nearly 180,000 monthly listeners on Spotify and a very active Twitter and Instagram following. Minnesota is currently on an active tour with dates through the end of August 2019 and has a larger tour anticipated for the first half of 2020. Minnesota also plans to release new EPs in the coming year.

While the new songs are not included in this auction, new albums and tours can certainly boost an artist's back catalog. The release of new music can lead to discovery among first-time listeners, a chance to solidify an artist's current fanbase, and re-engage existing fans.

Spotify. Looking at Minnesota’s Spotify data, the artist's listeners, streams, and followers all have steadily increased since 2015. This is good news for you as an investor. Since Spotify is the highest-earning income source for the catalog. 

Note: Artist data provided by Spotify.

For reference, Spotify classifies “Listeners” as the number of unique persons listening to music, which can indicate a measure of the artist's popularity. “Streams” is the number of times the song is played for at least 30 seconds. “Followers” are listeners who follow the artist on Spotify and receive updates/release news on the artist.

EDM and International Income. According to the 2018 IMS Business Report, Electonic Dance Music (EDM) sees most of its fan base overseas in Australia, the United Kingdom, and Germany. Interestingly, the top-five earning countries to date for this collection include the United States, Canada, Germany, the United Kingdom, and Australia, respectively. This follows along with broader industry trends in the EDM music genre.

WHAT IS BEING SOLD? 

The seller's interest in all royalties (except synchronization, and non-interactive digital performance royalties collected by SoundExchange), attributable to the sound recordings listed in the Track List noted above. 

About the Royalty Distributor

TuneCore is a New York-based independent digital music distribution service, founded in 2005. TuneCore offers musicians and other rights-holders the opportunity to distribute and sell or stream their music through online retailers such as iTunes, Spotify, Amazon Music, Google Play, Tidal, and others.

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