Indie Rock Sound Recording Royalties

Invest in sound recording royalties generated by the indie rock group From Indian Lakes.

$65,000

closing price

Auction Closed

Top Bid: John P

Overview

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: $1,000
Closing Price: $65,000
End Date: Nov 02, 2017, 3:16 PM MDT
Investment Term: Life of author + 70 years
50% of Last 12 Months' Royalties: $13,380
Royalty Type: Sales and Streaming
First Payment: December 2017
Buyer Fees: 5% Accounting Fee*

**Royalty Exchange will provide royalty accounting services to the winning bidder at a 5% fee per distribution. If the accounting fee had been in effect over the last 12 months, the fee would have been $669. Why does Royalty Exchange need to account?

Description

This auction features sound recording royalties from the indie rock band From Indian Lakes. These earnings come from the digital sale and streaming of the band's albums and singles. Over the last 12 months, this asset has generated $13,380.

From Indian Lakes was established in 2009 by California-based singer/songwriter Joey Vannucchi. The band's style incorporates a mix of atmosphere, rock and pop. This catalog contains 33 songs off three albums as well as single releases.

Released in 2012, the album Able Bodies is the highest-earning source in the catalog, with 21% of the historic income. This album is seen as From Indian Lakes' commercial breakthrough, and led to the band signing with Triple Crown Records. Not to be forgotten is the title “The Bells,” which is the highest-earning single, bringing in 16% of royalties. The song is From Indian Lakes' most popular song on Spotify, which has over six million plays to date.

If you win this auction, you will earn money from streams and downloads of the albums as well as any of the individual songs. These royalties are collected and paid through TuneCore from sources like iTunes, Spotify, Google Play, Amazon, etc. The royalties for this catalog are fairly evenly split between streaming and sales (digital downloads) at 53% and 47% respectively.

Key Drivers

Spotify accounts for 45% of the total income, which makes it the most lucrative source of royalties. The streaming service recently made headlines for its booming valuation. Spotify's subscriber base has grown 40% year-over-year. According to reports, Spotify is on track to hit $4.9 million in revenue for 2017 — a 40% increase over 2016.

Looking at ChartMetric, a music performance data tracking service, From Indian Lakes' presence on Spotify has seen a stable rise over the last six months.

What's also exciting, is the band's music is appearing in a growing number of playlists. As of October, From Indian Lakes is included in 68 separate Spotify playlists with a collective following of 1.4 million users! You'll notice a significant spike that occurs in March 2017. This is a result of the track (included in this sale) “The Bells” being added to Spotify's Evening Acoustic playlist. This is good news for you, as this exposes From Indian Lakes' music to a large potential fan base.

What is being sold?

50% of the seller's interest in the sales, streaming, and related royalties attributable to the sound recordings in Seller's TuneCore account. See the “Documents” tab for a full track list.

How does this asset make money?

Every time Able Bodies or “The Bells” is streamed on-demand or digitally downloaded through sources like Spotify, iTunes or Apple Music, you will earn money. Royalty Exchange will administer royalties from Tunecore to the buyer on a monthly basis and the first payment will be December 2017. 

What rights are included?

  Musical Composition Sound Recording
Copyright included: No
Rights:
Mechanical
Performance
Synch
Sales
Performance
Synch
Royalty Sources: Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Digital Downloads, etc.
Distributed by: TuneCore

About the Royalty Distributor

TuneCore is 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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