Island Reggae Performance Royalties

Bid on consistent songwriter royalties from tracks performed by Grammy-nominated island reggae group Common Kings. 

$51,000

closing price

Auction Closed

Top Bid: Brandon S

The Theoretical IRR is a formulaic guideline based on an extrapolation of the normalized, historical earnings trend of the catalog. The Theoretical IRR is not a guarantee of future performance. It should be used for comparison purposes only. Each catalog has its own risk factors and the Theoretical IRR is not based upon a specific analysis of this catalog. Click here to view the basis for all Theoretical IRR calculations.

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: $40,000
Bidding Increment: $1,000
Closing Price: $51,000
End Date: Mar 24, 2020, 3:00 PM MDT
Dollar Age: 6.45 Years
Last 12 Months' Royalties: $10,093
Investment Term: 30 years*
Distributors: ASCAP
Rights Included:

Public Performance

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution (paid 30 days from receipt): April 6, 2020
Distribution Frequency: Quarterly
Buyer Fees:

1% of closing price or $500 (whichever is greater)

* Please see the FAQ tab for more information on the 30-year investment term.

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
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: ASCAP

Description

This island reggae listing boasts growing streaming and international earnings, with a 6-year Dollar Age.

LISTING HIGHLIGHTS:

  • 30-year investment term
  • Positive earning trends
  • Average 6-year Dollar Age

FINANCIAL HIGHLIGHTS:

The top-earning source this catalog — domestic streaming at 53% —  increased by an impressive 30% last year. That’s notable growth for a catalog with an average Dollar Age of six years. International revenue also grew 44% year-over-year. 

This catalog’s two-highest-earning tracks (both released in 2012) grew by double digits over the prior year. 

ABOUT THE CATALOG: 

This collection features island reggae songs from cross-cultural Grammy-nominated rock/pop group Common Kings and solo artist Bo Napoleon

The top title is “Wade In Your Water” from Common Kings with 41% of last year’s income. It grew 34% year-over-year.  Released in 2012 on the group’s Summer Anthem EP, the single is the band’s most popular with nearly 29 million spins on Spotify. Also off the Summer Anthem EP is “Alcoholic” with 19% of last year’s earnings  — up 10% compared to the prior period. 

Rounding out the top-five are three tracks from indie singer/songwriter Bo Napoleon:

  • “Nice To See You Trying” (2017)
  • “If That’s Ok” featuring Garrett Douglas (2016) — Napoleon’s most successful single to date with over 10 million Spotify spins. 
  • “Poolside” (2018)

Key Drivers

Dollar Age. This catalog has a Dollar Age of 6.45  years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for more than five years. A high Dollar Age like this suggests stability and longevity.

"Wade In Your Water" was released in 2012 and royalties continue to remain consistent and even grew in the last 12 months. 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.

Streaming Growth Worldwide. According to IFPI’S Global Music Report 2019, streaming revenues were up 34% in 2018, accounting for nearly half (47%) of total recorded music revenues. By the end of 2018, there were 255 million users of paid subscription accounts globally. This catalog’s top-earning source is streaming, which also grew 30% — seemingly following industry trends. 

About the Royalty Distributor

American Society of Composers, Authors and Publishers (ASCAP) is one of four United States performing rights organizations, along with BMI, SESAC & 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 ASCAP’s distribution schedule, click here.

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