Jill Scott's 2004 Hit Single "Whatever"
Up for bid are public performance royalties from Jill Scott’s “Whatever,” and more.
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: | $14,000 |
| Bidding Increment: | $300 |
| Closing Price: | $25,100 |
| End Date: | Dec 19, 2019, 1:00 PM MST |
| Dollar Age: | 13.71 Years |
| Last 12 Months' Royalties: | $3,636 |
| Investment Term: | Life of author + 70 years |
| Distributors: | BMI |
| Rights Included: | Public Performance |
| Interests Included: | Publisher (U.S. Only) |
| Track List: | |
| First Distribution (paid 30 days from receipt): | January 17, 2020 |
| Distribution Frequency: | Quarterly |
| Buyer Fees: | 1% of closing price or $500 (whichever is greater)‡ |
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What rights are included?
| Musical Composition | Sound Recording | |||||||
|---|---|---|---|---|---|---|---|---|
| Copyrights included? | No | — | ||||||
| Rights: |
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| 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: | BMI | — |
Description
We recently sold the songwriter's share of this catalog. You can view that auction here. Now, up for bid is the publisher's share of public performance royalties for Jill Scott’s dance/club track “Whatever,” along with other R&B titles.
“Whatever” was released on Jill Scott’s 2004 album Beautifully Human: Words and Sounds Vol. 2 and nearly 15 years later still generates royalties. The album was Scott’s first No. 1 on the Billboard Top R&B/Hip-Hop Albums chart and also hit No. 3 the mainstream Billboard 200. It was her biggest dance single, hitting No. 3 on Billboard Dance/Club chart and No. 34 on Hot R&B/Hip-Hop Songs. "Whatever" brought in 67% of this catalog revenue over the last 12 months.
Live performance income accounts for nearly half of this catalog’s earnings in the last year. You’ll notice a spike in earnings in the third quarter in each of the last three years, which is an annual payment for Scott’s live performances of "Whatever." Streaming is the second highest-earning income source (22%) in the last year, and this revenue is up 18% compared to the previous timeframe.
Finally, this catalog also includes other Jill Scott tracks: 2011's "Comes To The Light (Everything)" (with 28% of last year's royalties), along with “Wake Up Baby."
Key Drivers
Dollar Age. This offering has a Dollar Age of 13.71 Years. This means the majority of royalties earned in the last 12 months come from songs that have generated royalties for nearly 14 years. A high Dollar Age like this suggests stability and longevity and is worth noting as an investor. This can help sustain the asset’s earnings moving forward.
Live Performances & Touring. One unique aspect of this catalog is that 61% of royalties in the last 12 months come from live performances. Jill Scott still tours actively and performs older releases like “Whatever," as seen in the data.
Jill Scott is set to start her Who Is Jill Scott? 20th Anniversary Tour, in early 2020. This is good news for you as the investor, as this catalog collects income generated by the live performances of “Whatever.” It's also important to note that if Jill Scott stops touring/performing the track, the earnings from these live performances could diminish.
About the Royalty Distributor
Broadcast Music, Inc. (BMI) is one of four United States performing rights organizations, along with ASCAP, 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 BMI’s distribution schedule, click here.