[NFT] Publishing: Lil Dicky & Brendon Urie's Hit “Molly”
Up for bid are publishing royalties from a Platinum-certified hip-hop track.
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: | 11.038 ETH |
| Bidding Increment: | 0.210 ETH |
| Closing Price: | 15.868 ETH |
| End Date: | Aug 11, 2021, 3:14 PM MDT |
| Dollar Age: | 5.97 Years |
| Last 12 Months' Royalties: | $11,905 |
| Investment Term: | Life of author + 70 years |
| Distributors: | Jingle Punks (A Division of Anthem Entertainment) |
| Rights Included: | Mechanical, Public Performance, Sync |
| Interests Included: | Songwriter/Co-publisher (World) |
| Track List: | |
| First Distribution (paid 30 days from receipt): | October 31, 2021 |
| Distribution Frequency: | Biannually |
| Buyer Fees: | 1% of closing priceठ|
| NFT Contract Address: | |
| NFT Token ID: | |
| Closing Documents: |
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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, 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: | Jingle Punks (A Division of Anthem Entertainment) | — |
Description
Up for bid are the publishing royalties from the Platinum single “Molly” performed by rapper/comedian Lil Dicky and featuring Panic! at the Disco’s Brendon Urie. As the winning bidder, you will earn three types of royalties for the catalog: mechanical, public performance, and sync.
The format of this auction is a “non-fungible token” (NFT): a digital certificate of ownership created and stored on the Ethereum blockchain. All bidding will be conducted in Ether, the native currency of Ethereum. Royalties collected by the winning bidder will also be paid in Ether. For more details about Royalty Exchange NFT auctions, please read the article about NFT Auctions.
IMPORTANT NOTE:
The smart contract for the NFT provides that the seller and Royalty Exchange will each automatically receive 5% of the purchase price for all secondary sales of the NFT, provided that such secondary sales take place via a marketplace that supports NFT resale royalty rights. If the secondary sale takes place outside of a marketplace that supports NFT smart contract resale royalty rights, the new NFT holder shall pay Royalty Exchange 10% of the secondary purchase price (“Resale Fee”). Royalty Exchange reserves the right to withhold all post-secondary sale royalty payments until it has received the Resale Fee.
FINANCIAL HIGHLIGHTS:
The highest-earning source is mechanical royalties with 73% of returns in the last year. Public performance follows with the remaining 27%. It’s worth noting that both income sources experienced year-over-year growth at 20% and 4% respectively.
ABOUT THE CATALOG:
Released in 2015 on Professional Rapper, “Molly” is a collaboration between Lil Dicky and Brendon Urie of pop/rock band Panic! At the Disco. The single was certified Platinum by the RIAA in 2019. To date, the song has an impressive 169+ million spins on Spotify (his fourth most popular on the platform), while the official music video has over 69 million views.
The song's album — Professional Rapper — was very successful, debuting at No. 7 on the Billboard 200 and at No. 1 consecutively on three other charts: Comedy Albums, Rap Albums and, Independent Albums.
Key Drivers
Dollar Age. This catalog has a Dollar Age of 5.97 years. This means the catalog has earned for nearly six 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.
Streaming Growth Worldwide. According to IFPI’S Global Music Report 2021, subscription streaming revenues for recorded music increased 18.5% over the previous year. That’s the sixth consecutive year of growth, totaling 443 million paid subscription accounts worldwide. Total streaming (including both paid subscription and advertising-supported) grew 19.9% and reached $13.4 billion, or 62.1% of total global recorded music revenues.
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
Jingle Punks is one of the largest providers of music for media in the world. Jingle Punks was founded in 2008 with offices in Los Angeles, New York, Toronto, and London and strives to rise above the status quo, endeavoring to create unique and innovative musical solutions for our clients. Jingle Punks is owned by Toronto-based rights management company, Anthem Entertainment.