Misfits Publishing Royalties

This 20-year-old publishing catalog features growing earnings from music performed by the pioneering punk rock legends The Misfits.

$137,200

closing price

Auction Closed

Top Bid: Jerome U

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: $70,000
Bidding Increment: $1,200
Closing Price: $137,200
End Date: May 05, 2020, 3:00 PM MDT
Dollar Age:

20.80 Years

Last 12 Months' Royalties: $12,277
Investment Term: Life of author + 70 years
Distributors: Universal Music Publishing Group
Rights Included:

Mechanical, Public Performance, Sync

Interests Included:

Songwriter/Co-publisher (World)

Track List:

Track List

First Distribution (paid 30 days from receipt): September 30, 2020
Distribution Frequency: Biannually
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:
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: Universal Music Publishing Group

Description

You don’t have to be a fan of punk rock history to love this listing. But it doesn’t hurt. 

Up for bid is a publishing catalog featuring the legendary band The Misfits that boasts lasting relevancy and steady year-over-year growth across all formats. 

LISTING HIGHLIGHTS:

  • 20-year-old catalog with lasting relevancy
  • Double-digit growth rates
  • Iconic, influential band with a loyal fanbase 
  • Earnings from multiple royalty streams

FINANCIAL HIGHLIGHTS:

Earnings for this 20-year-old catalog grew year-over-year for the past four years. Last year’s total royalties increased by 27% compared to the prior year alone.  

This catalog collects royalties from three types of use, but mechanical earnings are the foundation with 83% of last year’s total. Public performance royalties follow with 16% of earnings. All three royalty sources grew by double digits or more in the last year, with mechanical earnings increasing by 27% and public performance by 17%. 

Royalties for the top three earnings tracks are also growing, by 30% or more in the last year. All were released in 1999 or earlier. The top-earning song “Saturday Night” (1999) — accounts for 38% of last year’s returns — an increase of 48% over the prior year.

ABOUT THE CATALOG: 

The Misfits formed in 1977 and are widely recognized as the founders of the horror punk subgenre. The band blends punk and other musical influences to famously develop its influential, genre-defying sound and persona… with a fanbase to match. 

This catalog features music from three Misfits releases,  including two studio records —  American Psycho (1997) and Famous Monsters (1999) — and a collection of demos and formerly unreleased tracks called Cuts From The Crypt (2001) from the band. 

Famous Monsters is the second album released under the reformation of The Misfits in the late 1990s, which included founding bassist Jerry Only, lead singer Michale Graves, guitarist Doyle Wolfgang von Frankenstein, and drummer Dr. Chud

The 1999 album and is the anchor of this catalog and features top-earning singles “Saturday Night,” “Scream,” and “Helena.” American Psycho was released in 1997 and features the cult-classic “Dig Up Her Bones,” the second top-earning title in this collection. 

Although the band has gone through break-ups and reunions with various members over the years, in 2016 founding members Glenn Danzig and Jerry Only performed together for the first time in 33 years along with long-time guitarist Doyle Wolfgang von Frankenstein.“The Original Misfits” then played sold-out shows across the country. In 2019 the band claimed an impressive feat, as the only first-wave punk band to ever headline the world-famous Madison Square Garden… to a sold-out stadium. 

This illustrates the band’s lasting relevance with legions of fans still very much eager for the band’s unique sound. 

Key Drivers

Dollar Age. This catalog has a Dollar Age of 20.70 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly 21 years. A high Dollar Age like this suggests stability and longevity.

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.

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.

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

Universal Music Publishing Group is a North American music publishing company and is part of the Universal Music Group. Universal Music Publishing is the world's second-largest music publishing company and owns or administers more than 3 million copyrights. They are one of the largest music publishing businesses in the world with more than 43 offices in 36 countries. For more information on Universal Music Group’s distribution schedule, click here and review the schedule related to copyrights.

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