[NFT] "Red Eye" — YoungBoy Never Broke Again

Collect sound recording earnings generated by the 2020 hip-hop single “Red Eye.”

6.108 ETH

closing price

equivalent price (USD)

Auction Closed

Top Bid: Neal B

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: 3.274 ETH
Bidding Increment: 0.109 ETH
Closing Price: 6.108 ETH
End Date: Nov 19, 2021, 3:12 PM MST
Dollar Age: 1.61 Years
Last 12 Months' Royalties:

$9,418

Investment Term: Life of author + 70 years
Distributors: Warner Music Group
Rights Included:

Sales, Streaming, Sync

Interests Included:

Producer (World)

Track List:

Track List

First Distribution (paid 30 days from receipt): March 31, 2022
Distribution Frequency: Biannually
Buyer Fees:

1% of closing price‡§

NFT Contract Address:

0x5A48...8340

NFT Token ID:

6

Closing Documents:

Purchase Agreement and Accounting Agreement*

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. All Access members who already receive this discount will be rewarded with a cash rebate equal to the buyer fee.

§ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.

*This auction is subject to the terms of the standard Purchase and Accounting Agreements linked above. The winning bidder will be required to transfer ETH to Royalty Exchange within one (1) business day after the auction closes. By placing a bid, you acknowledge that you have read, understand, and agree to the terms.

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, Samples, etc.
Distributors: Warner Music Group

Description

Earlier this year, we auctioned this single-song listing featuring producer royalties from “Red Eye” from rapper YoungBoy Never Broke Again.

Now the winning investor is selling this asset as an NFT with all future payments to be made in Ether. As the winner, you’ll collect streaming and digital download earnings for the lifetime of the copyright on the single, as well as a share of royalties earned by sales of the associated album. 

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:

Not surprisingly, streaming (both ad-supported and subscription) generated nearly all of this asset’s earnings — 99% of returns to date. Subscription streaming is the dominant of the two, alone accounting for 75% of earnings in the last 12 months. 

ABOUT THE CATALOG: 

Over the last five years, YoungBoy Never Broke Again has emerged as one of today's most popular rappers. He has a staggering YouTube following — currently sitting at No. 1 on the U.S. YouTube Music chart, with 248 consecutive weeks on the chart. In the last 28 days, his videos have globally amassed a combined 190 million views on the platform. 

“Red Eye'' was released in 2020 on YoungBoy’s 15th mixtape album Still Flexin, Still Steppin. The mixtape was successful, debuting at No. 2 on the Billboard 200 and was YoungBoy's second-highest charting album at the time. "Red Eye" is also featured on the official NBA 2K21 soundtrack created for the popular video game that's sold over 10 million copies to date. 

The single “Red Eye'' has nearly 32+ million spins on Spotify.

Key Drivers

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. 

Sound Recordings: Sound recording royalties benefit from streaming disproportionately more than composition-based royalties. If Spotify pays 70-cents of every dollar on music rights, 60-cents of that goes to the sound recording copyright (which the label splits with the artist based on their contract agreement), while the remaining 10-cents goes to the composition copyright.

Multiple Income Streams. The winner of this auction can receive royalties from various streams:

  • Sales: Royalties paid to artists and producers when a recording is sold, which can be downloaded (on a platform like iTunes), as well as physical copies being sold (such as a C.D.).
     
  • Streaming: Royalties paid to artists and producers when a recording is streamed “on-demand” (like Spotify or Apple Music for example).
     
  • Synchronization: Royalties paid to artists and producers for the licensing of a recording in music for a movie, TV show, or commercial.

WHAT IS BEING SOLD?

The Seller's interest in all sound recording royalties (except for non-interactive digital performance royalties distributed by SoundExchange) attributable to the sound recordings listed in the Track List noted above. 

About the Royalty Distributor

Warner Bros. Records Inc. is one of the top major record labels in the world. They are the foundation label of the present-day Warner Music Group (WMG). Warner Bros. Records is home to a wide array of legendary artists with a rich catalog of contemporary hits and influential standards. With a commitment to artist-friendly policies and long-range career development, they continue to maintain a strong share of the label market around the world.

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