Mac Miller Performance Royalties

Place a bid on this streaming-driven catalog featuring tracks from the late hip-hop artist Mac Miller, along with Wiz Khalifa, and others. 

$46,500

closing price

Auction Closed

Top Bid: Richard F

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: $30,000
Bidding Increment: $750
Closing Price: $46,500
End Date: Mar 03, 2020, 3:00 PM MST
Dollar Age:

5.43 Years

Last 12 Months' Royalties: $7,524
Investment Term: 30 years*
Distributors: ASCAP
Rights Included:

Public Peformance

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 offering is highlighted by growing streaming earnings, a diverse supporting catalog of songs, and popular hip-hop artists.

Listing Highlights 

  • 30-year investment term
  • 5-year Dollar Age = stable earning history
  • Growing streaming revenue
  • Major hip-hop artists Mac Miller and Wiz Khalifa

Financial Highlights 

The largest source of earnings for this catalog (streaming income, at 75%) also increased by 12% last year. That’s notable growth for a catalog with an average Dollar Age of five years. 

The top-earning track in this catalog (Mac Miller’s “Loud” at 23%) increased 29% over the last four quarters. That’s impressive staying power for a song released in 2012. 

The catalog’s top-three highest-earning titles all showed positive revenue growth over the last year, which is notable since their release dates range from 2012 to 2016.

About the Catalog

This offering features tracks from two Grammy-nominated hip-hop artists with loyal fanbases. 

Released in 2012, Mac Miller’s “Loud” is the highest-earning song. The Gold-certified track is off Miller’s mixtape Macadelic and snagged the No. 1 spot on Billboard’s Heatseekers Songs chart. To date, the song has 70.5 million streams on Spotify. 

Other notable Mac Miller titles include “Stay” from the 2016 album The Divine Feminine and “Rush Hour” (2015) off GO:OD AM. Combined the two singles accounted for 17% of last year’s revenue and both saw positive year-over-year growth. 

Finally, Wiz Khalifa’s “Paperbond,” “King of Everything” and “The Plan,” round out the offering. Notably, “Paperbond” was released on the 2012 Platinum-certified album O.N.I.F.C., which hit No. 2 on the Billboard 200.

Key Drivers

Dollar Age. This catalog has a Dollar Age of 5.43 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.

"Loud" 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.

Hip-Hop & Streaming. This catalog is a perfect example of two trends: hip-hop and streaming's growth worldwide. According to BuzzAngle's 2019 Year-End Report, hip-hop is the most popular genre of music in the U.S. The driver for the increase is streaming. Six out of the top 10 streamed songs were hip-hop/rap and 52 out of the top 100 most streamed songs were hip-hop/rap.

Diversity in Song Income Mix. Revenues are also widely distributed — the single highest-earning song "Loud" only accounts for 23% of last year’s income. This means the catalog’s earnings are not tied to the success of a single track and provides built-in diversification.

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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