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:||Jun 10, 2019, 1:08 PM MDT|
|Last 12 Months' Royalties:||$7,208|
|Investment Term:||Life of author + 70 years|
Sales & Streaming
|First Distribution (paid 30 days from receipt):||
July 15, 2019
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What rights are included?
Up for bid are monthly sound recording royalties from rising hip-hop artist Max P. The Los Angeles native is best-known for his underground and new grunge style in the hip-hop genre. These earnings are generated by the digital sale and streaming of Max P.’s included albums and their associated singles.
Streaming accounts for the majority of this catalog’s revenue. The top-contributing platforms are Apple Music and Spotify. Combined, the two sources bring in an impressive 88% of last year’s income. Apple Music is the highest-earning platform — with 52% of last year’s royalties — and has the best year-over-year stability of the various income groups.
The majority of this collection’s royalties come from the hit single “Gang.” Released in 2016, “Gang” brought in 81% of last year's royalties. The track has over 4 million spins on Spotify. Interestingly, “Gang” was featured in the Golden Globe-winning Hulu series Atlanta, appearing in the third episode titled “Go For Broke”. Although this asset didn’t collect the upfront-sync fee for the song’s use, it certainly has brought awareness to Max P. as an artist.
Finally, this catalog includes other tracks from various Max P. albums, such as the 2017 release “Humble Yah Self,” and 2016’s “Elmer Fudd” and “Nightmares.”
Hip-Hop/Streaming. This catalog is a perfect example of two trends: hip-hop and streaming's growth worldwide. According to BuzzAngle's 2018 Year End Report, hip-hop is the most popular genre of music in the U.S. The driver for the increase is streaming. Hip-hop/rap tracks accounted for more than a quarter of all on-demand plays on music streaming services in the US in 2018. Streaming platforms Apple Music and Spotify are the leading income sources from this collection — accounting for 88% of last year’s income.
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, while the remaining 10-cents goes to the composition copyright.
In the last year, over 90% of royalties came from audio streaming services. This is good news for you as the investor, as this catalog earns from the sound recording copyright.
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
DistroKid is an independent digital music distribution service, founded in 2013. The platform principally offers musicians and other rights-holders the opportunity to distribute and sell or stream their music through online retailers such as iTunes, Spotify, Pandora, Amazon Music, Google Play Music, Tidal, Deezer, iHeartRadio and others. DistroKid distributes royalties to its artists on a monthly basis.