"For Free" - DJ Khaled Ft. Drake
Collect royalties from the double-Platinum hit “For Free,” performed Grammy-nominated DJ Khaled and featuring mega-star Drake.
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.
|End Date:||Oct 06, 2017, 3:00 PM MDT|
|Investment Term:||Life of author + 70 years|
|Last 12 Months' Royalties:||$15,651|
|Royalty Type:||Public Performance|
|First Payment:||January 2018|
|Fees:||$500 BMI Payee Account Fee*|
*BMI charges a one-time fee of $500 to open a new payee account, which will be debited from the payee's first royalty distribution. Once opened, multiple royalty streams can be routed to the buyer's payee account. If you already have a BMI payee account, there is no fee.
This auction features public performance royalties for the hit single “For Free” from Grammy-nominated hip-hop star DJ Khaled featuring Drake. The double-Platinum certified song earned $15,651 over the last four quarters.
Released in June of 2016, “For Free” became DJ Khaled's fourth highest-charting single. The week of its release, "For Free" entered the US Billboard Hot 100 at No. 18 and peaked at No. 13. The song also hit No. 4 on Billboard's Hot R&B/Hip-Hop Songs and No. 26 on the Top 40. In the United Kingdom, “For Free” peaked at No. 25 and No. 47 in Canada, making it DJ Khaled's most successful single in those countries.
“For Free” is off DJ Khaled's ninth studio album, Major Key. The album was nominated for Best Rap Album in the recent 2017 Grammy's, among impressive company like Chance The Rapper, Kanye West and even Drake himself. Major Key debuted at No. 1 on the Billboard 200 and is certified-Gold by the RIAA.
In just one year, “For Free” has amassed over 137 million plays on Spotify. DJ Kahled himself has nearly 30 million monthly listeners.... making him 16th most-streamed artist in the world on Spotify! What's also impressive is that “For Free” features Drake, who was the most-streamed artist of 2016.
Since this song has only earned for four quarters, it's no surprise that radio is the largest source of revenue. Radio earnings account for 71% of “For Free”'s earnings. Although the radio royalties are beginning to level off, these royalties are still coming in.
Songs that experience significant radio play often build a foundation of streaming and other types of income as the radio royalties begin to slow down. Streaming accounts for 19% of the catalog's royalties thus far. Streaming royalties are on the rise worldwide. If you're interested in learning more about streaming revenues' significant growth across the industry, click here.
What is being sold?
100% of the seller's interest in the songwriter's share of public performance royalties attributable to the musical composition "For Free” (BMI #22243905).
How does this asset make money?
Every time "For Free" is played on the radio, Pandora, or any other type of public performance, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is January 2018.
What rights are included?
|Musical Composition||Sound Recording|
|Royalty 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.|
About the Royalty Distributor
BMI represents more than 10.5 million musical works created and owned by more than 700,000 songwriters, composers and music publishers. BMI supports businesses and organizations that play music publicly by offering blanket music licenses that permit them to play more than 10.5 million musical works.