Evanescence’s Multi-Platinum Record “Fallen”
Consistent sound recording royalties from a 16-year-old catalog featuring the 7x Platinum Fallen from Grammy-winning rock group Evanescence.
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: | $595,000 |
| Bidding Increment: | $8,500 |
| Closing Price: | $705,500 |
| End Date: | May 15, 2020, 3:16 PM MDT |
| Dollar Age: | 16.56 Years |
| Last 12 Months' Royalties: | $83,030 |
| Investment Term: | 30 years* |
| Distributors: | Concord Records |
| Rights Included: | Sales, Streaming, Sync |
| Interests Included: | Producer (World) |
| Track List: | |
| First Distribution (paid 30 days from receipt): | September 30, 2020 |
| Distribution Frequency: | Biannually |
| Buyer Fees: | 1% of closing price or $500 (whichever is greater)ठ|
* Please see the FAQ tab for more information on the 30-year investment term.
‡ Investors placing the opening bid on any listing pay no marketplace fees if they win the resulting auction, a savings of 1% off the final price (minimum $500). All Access members who already receive this discount will be rewarded with a cash rebate equal to the marketplace fees.
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Please note: This auction was previously listed with financial data reflecting 100% of royalties credited to the seller. However, only 85% of the seller’s interest is included in this sale. The data has been revised to reflect the 85% interest.
What rights are included?
| Musical Composition | Sound Recording | |||||||
|---|---|---|---|---|---|---|---|---|
| Copyrights included? | — | No | ||||||
| Rights: |
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| Sources: | Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. | Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements, Samples, etc. | ||||||
| Distributors: | — | Concord Records |
Description
Earn valuable sound recording royalties from the first two albums by the rock group Evanescence. Released in 2003 and 2006, both albums continue to see growing royalties from not only streaming, but also physical sales (!) … a testament to the staying power of this Grammy-winning act.
The winning bidder will collect royalties generated from any sales, streaming, and sync fees for either album, as well as the individual singles contained on both. Sales and streaming, in particular, pay a greater share of revenue to sound recording royalties over composition royalties.
LISTING HIGHLIGHTS:
- Valuable sound recording royalties
- Established 16-year-old catalog anchored by a timeless hit
- Growing streaming AND sales earnings, consistent with macro industry trends
FINANCIAL HIGHLIGHTS:
Annual royalties for this catalog grew 22% over to the prior year — a rather impressive feat for songs released nearly two decades ago.
As is the industry trend, streaming formats drive the catalog’s earnings, contributing 74% to last year’s royalties… up 25% year-over-year. Interestingly, physical sales — which account for 15% of last year’s earnings — grew 43% last year… a rarity in an industry otherwise moving away from physical distribution.
Royalties for each of the top five releases (including the album Fallen itself) are growing by double digits. The top song is “Bring Me To Life,” which accounted for 41% of last year’s total and is up 27% over the prior year.
ABOUT THE CATALOG:
The highlight of the catalog is the single “Bring Me To Life.” This was a radio staple upon its 2003 release and remains the band’s biggest hit. It won a Grammy for Best Rock Performance, topped the singles charts in several countries, and was certified triple-Platinum in the U.S. To date, the song has a staggering 365+ million spins on Spotify while the video has 729+ million views.
You’ve almost certainly heard this song many times. Check the media tab to refresh your memory.
“Bring Me To Life” hails from the band’s debut album Fallen, which sold over 17 million copies worldwide (over 8+ million copies in the United States), making it one of the best-selling albums of the 21st century. Fallen topped the charts in more than ten countries, went 7x Platinum in the U.S., and clinched the No 3 spot on Billboard 200.
The album picked up five nominations at the 46th Grammy Awards: Album of the Year, Best Rock Album, Best Rock Song, Best Hard Rock Performance, and Best New Artist, with wins in the latter two categories.
[Note: The catalog listed collects royalties from ten of the tracks on the album Fallen, with “My Immortal” as the notable exclusion.]
Also included are royalties from the band’s sophomore album The Open Door. Released in 2006, the album hit No. 1 on two Billboard charts (among numerous foreign charts) and went double-Platinum. Notable tracks include: “Call Me When You’re Sober,” Lithium,” and "Sweet Sacrifice,” which was nominated for Best Hard Rock Performance at the 50th Grammy Awards.
For the first time in nine years, Evanescence will release an album original music — The Bitter Truth — sometime in 2020. The band dropped a new single on April 24th, 2020 titled “ Wasted On You” to promote the highly-anticipated new album. While that album is not included in this listing it points to the band’s continued relevance and will likely draw renewed attention to the albums Fallen and The Open Door, both included in this auction.
Key Drivers
Dollar Age. This catalog has a Dollar Age of 16.56 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly 17 years. A high Dollar Age like this suggests stability and longevity.
A catalog containing mature works with consistent (and even growing earnings) is something worth noting as an investor. This can help sustain a catalog's earnings moving forward.
Sound Recordings. Sound recording royalties benefit from streaming disproportionately more than composition-based royalties. If Spotify pays 70-cents of every dollar on music rights, 60-cents of that goes to the sound recording copyright (which the label splits with the artist based on their contract agreement), while the remaining 10-cents goes to the composition copyright.
Record labels see significant benefits as a result. According to an analysis of publicly-stated financial results by Music Business Worldwide, labels Universal, Sony and Warner jointly turned over just over $6.93 billion globally last year from streaming income alone.
You can see this trend reflected in the catalog up for bid. In the last year, 74% of royalties came from streaming. This is good news for you as the investor, as it follows the industry macro trend of rising label streaming royalties.
Multiple Income Streams. The winner of this auction can receive royalties from various streams:
- Sales: Royalties paid to artists and producers when a recording is sold, which can be downloaded (on a platform like iTunes), as well as physical copies being sold (such as a C.D.).
- Streaming: Royalties paid to artists and producers when a recording is streamed “on-demand” (like Spotify or Apple Music for example).
- Synchronization: Royalties paid to artists and producers for the licensing of a recording in music for a movie, TV show, or commercial.
WHAT IS BEING SOLD?
The Seller's interest in all sound recording royalties (except for non-interactive digital performance royalties distributed by SoundExchange) attributable to the sound recordings listed in the Track List noted above.
About the Royalty Distributor
Concord Records is a division under Concord, an independent, worldwide leader in the development, management, and acquisition of sound recordings, music publishing, and theatrical performance rights. Concord Records has over 12,000 active albums in their portfolio that includes no less than 273 Grammy Award winners and legendary artists like Ray Charles, James Taylor, and Carole King, Concord has a long legacy of fostering uncommon successes for artists of singular and extraordinary talent and creativity who often defy genre boundaries.