G.I. Gospel Hit “I’m Ready” & More

This Life Of Rights auction features earnings from Gospel group G.I., Timbaland and more.

$39,800

closing price

Auction Closed

Top Bid: scott d

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: $35,000
Bidding Increment: $1,600
Closing Price: $39,800
End Date: Nov 04, 2019, 3:00 PM MST
Dollar Age:

2.70 Years

Last 12 Months' Royalties: $15,787
Investment Term: Life of author + 70 years
Distributors: SESAC
Rights Included:

Public Performance

Interests Included:

Songwriter (U.S. Only), Publisher (U.S. Only)

Track List:

Track List

First Distribution (paid 30 days from receipt):

December 31, 2019

Distribution Frequency: Quarterly
Buyer Fees:

$500

Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.

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: SESAC

Description

Up for auction are multiple tracks from the Stellar and Dove Award Nominated group G.I. This collection features their breakout hit single “Pray and Don’t Worry” which, following its 2015 release, appeared in the Top 10 on both Billboard’s Gospel Airplay and Hot Gospel Songs charts. The track contributes to nearly half of historic earnings.

Recent earnings are driven by another hit track released in 2018, “I’m Ready." The third single from G.I.’s Top six Billboard Album Winning, the track has experienced substantial radio play, contributing to growing radio earnings for the catalog – up 15% over the prior period. In the last 12 months alone radio revenue for “I’m Ready” made up nearly half of the earnings.

It’s important to note that the majority of revenue for this catalog comes from radio royalties – at 96% of recent earnings. Songs that experience significant radio play can often build a foundation of streaming and other types of income as the radio royalties slow down. Though radio royalties are continuing to grow, streaming sources are showing promising growth as well – up 34% over the prior period.

This collection also features earnings from the gospel track “Through It All” from Tamela Mann featuring Timbaland. The track peaked at No. 3 on Billboard's Gospel National Airplay chart and collected 38% of revenue in the last 12 months.

Key Drivers

Radio/Age-Diversity. Radio is the largest source of revenue for this catalog to date, accounting for 96% of historic royalties. Though radio royalties for this catalog are currently growing, in part due to the success of recent release “I’m Ready,” they could eventually begin to level off.

However, because of the diversified song ages in the catalog, the earnings indicate streaming growth. The 2015 release “Pray and Don’t Worry” experienced significant radio play immediately following its release, now earnings have pivoted to include streaming sources. 2018 release “I’m Ready” drove another spike in radio earnings – its initial success on radio outlets helped lay a foundation for streaming.

Historically, streaming brought in 3% of royalties. In the last 12 months, streaming royalties are now seeing a 34% increase in earnings over the prior period. As radio royalties begin to slow down, other income sources (streaming) begin to increase.

About the Royalty Distributor

SESAC is one of four United States performing rights organizations, along with ASCAP, BMI & 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 SESAC’s distribution schedule, click here.

Similar Auctions

Attention

This action is restricted to Royalty Exchange users.
Please, sign in or create a free account to continue.

Sign In Register