Meek Mill & Rick Ross — Publishing Royalties

Up for bid is a 7-year-old catalog with tracks from two legendary names in hip-hop: Meek Mill and Rick Ross.

$41,000

closing price

Auction Closed

Top Bid: Neal B

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: $25,000
Bidding Increment: $250
Closing Price: $41,000
End Date: Oct 29, 2020, 1:00 PM MDT
Dollar Age:

7.94 Years

Last 12 Months' Royalties: $5,153
Investment Term: Life of author + 70 years
Distributors: Warner/Chappell Music
Rights Included:

Mechanical, Public Performance, Sync

Interests Included:

Songwriter/Co-publisher (World)

Track List:

Track List

First Distribution (paid 30 days from receipt): February 28, 2021
Distribution Frequency:

Biannually

Buyer Fees:

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

Investors placing the opening bid on any listing pay no buyer fee if they win the resulting auction, a savings of 1% off the final price (minimum $500). All Access members who already receive this discount will be rewarded with a cash rebate equal to the buyer fee.

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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, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributors: Warner/Chappell Music

Description

Here’s an opportunity to earn publishing royalties from well-established hip-hop tracks. 

This asset will collect three types of royalties: mechanical, public performance, and sync for the lifetime of the included singles. 

Listing Highlights

  • 7+ year Dollar Age
  • Multiple royalty types, including valuable streaming mechanical earnings
  • Meek Mill remains a highly relevant artist still releasing new music, which lends momentum to his older releases 

FINANCIAL HIGHLIGHTS:

Mechanical royalties drive the earnings for this catalog, accounting for 67% of last year’s returns. That’s notable as these earnings stem from streaming activity, meaning the catalog predominantly earns royalties from the dominant format in music today. 

Sync royalties follow at 25%, which grew 72% over the year prior. This sync category includes royalties from “digital sync” (as defined by the publisher) such as YouTube and Facebook. This differs from traditional one-time sync fees for placements. 

Also, the catalog’s top-earning song "Believe It" (66%)  grew 35% year-over-year thanks to an increase in all income sources, specifically digital sync. 

ABOUT THE CATALOG: 

This offering features five tracks from Meek Mill and Rick Ross released between 2012 to 2013. 

The catalog’s leading single is “Believe It” — a collaboration between the two rappers. “Believe It” was the fourth and final single from Meek Mill’s debut studio album Dreams and Nightmares. The track peaked at No. 38 on Billboard’s Hot R&B/Hip-Hop Songs. 

Next up is “911” bringing in 21% of last year’s returns. The solo single is off Rick Ross’ fifth studio album God Forgives, I Don't  (2012). The album picked up a Grammy nomination for Best Rap Album and debuted at No. 1 on the Billboard 200. 

Rounding out the catalog is:

  • Another collaboration from Meek Mill and Rick Ross — “Black Magic”
  • “Big Bank” from Pill, Meek Mill, Rick Ross, Torch, and French Montana
  • “Pacman”  by Pill and Rick Ross 

Key Drivers

Dollar Age. This catalog has a Dollar Age of 7.94 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for close to eight years. A high Dollar Age like this suggests stability and longevity. A catalog containing mature works is something worth noting as an investor, as it can help sustain a catalog's earnings moving forward.

Income Mix. The winner of this auction can receive income in various ways:

  • Mechanical: Royalties paid to songwriters and publishers when music is sold (think CD or vinyl) but also when music is streamed (streaming mechanicals) “on-demand” (like Spotify).
     
  • Performance: Royalties paid to songwriters when music is performed publicly. Music played over the radio, in a restaurant or bar, or over a service like Spotify or Pandora is considered a public performance.
     
  • Synchronization: Royalties paid to songwriters and publishers for the licensing of a song in music for a movie, TV show, or commercial.

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.

Matching Right

This seller's publisher holds a matching right on any sale of the income generated by this catalog. The publisher will have the opportunity to match the winning bid after this auction closes. If you are the winning bidder, the publisher must first decline their matching right before you will be able to complete your purchase. For more information on how the matching right works, please email: info@royaltyexchange.com

About the Royalty Distributor

Warner/Chappell Music, the global music publishing company of Warner Music Group, is home to a wide array of legendary songwriters and a rich catalog of contemporary hits and influential standards. With offices in more than 40 countries, Warner/Chappell provides deep expertise across a range of creative services and the most innovative opportunities for songwriters and copyright holders.

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