No. 1 Christian Hip-Hop Collection

This auction features huge names in Christian hip-hop including Andy Mineo, Trip Lee, and Lecrae as well as the No. 1 Christian hip-hop track “You Can’t Stop Me.”

$69,400

closing price

Auction Closed

Top Bid: Andrew C

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: $40,000
Bidding Increment: $1,400
Closing Price: $69,400
End Date: Jan 30, 2019, 3:32 PM MST
Last 12 Months' Royalties:

$14,112

Investment Term: 10 years*
Distributors: The Administration MP, BMI
Rights Included:

Public Performance, Mechanical, Sync

Interests Included:

Songwriter (World)

Track List:

Admin MP Track ListBMI Track List

First Distribution:

Admin MP: February 15, 2019, BMI: March 22, 2019

Distribution Frequency: Quarterly
Buyer Fees:

$500

* Please see the FAQ tab for more information on the 10-year investment term.

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Non-Interactive 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: BMI, The Administration MP

Description

Up for auction is a collection of Christian hip-hop that is not only driven by streaming income, but that income is growing—up over 16% year over year.

The top-earning track in this collection is Andy Mineo’s “You Can’t Stop Me.” Released in 2014 to the EP Never Land, the album debuted at No. 13 on Billboard’s Hot 200, with a No. 1 seat on Billboard’s Top US Gospel Albums Chart and No. 2 on both Top Christian Albums and Top Rap Albums charts. The RIAA certified Gold track is widely recognized for its music video honored with the GMA Dove Award for Short Form Music Video of the Year in 2015. “You Can’t Stop Me” drives nearly half of the royalties earned by this collection in the last 12 months.

Also included are multiple tracks from Grammy-winner Lecrae, including “Can’t Stop Me Now” and “Give In” featuring Crystal Nicole. In fact, “Can’t Stop Me Now” contributed over 30% of this collection’s earnings in the last 12 months. As the lead single for Lecrae’s seventh studio album, this track saw an increase in earnings following the release of Lecrae’s most recent studio album. Further evidence that the release of new music draws discovery among first-time listeners and re-engages existing fans.

Several artists featured in this catalog—including Andy Minero, Trip Lee, and Lecrae—are expected to hit the road together as part of the rumored Unashamed Tour in 2019. Tours give artists the chance to solidify their current fan base and expand their reach to new listeners.

Key Drivers

Income Mix. The winner of this auction can receive income from various royalty streams:

  • Mechanical: Royalties paid to songwriters and artists when music is sold (downloaded) but also when music is streamed (streaming mechanicals) “on-demand” like Spotify for example.

  • 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.

This catalog’s income mix is made up predominantly of mechanical royalties, at 61% of all time earnings. This is good news for you as The US Copyright Royalty Board recently raised the rates digital music services must pay for mechanical royalties by nearly 44% over the next 5 years. As the winner of this auction, you will benefit from the mechanical rate increases for the next five years.

It’s also worth noting that in the last 12 months, this collection has seen a steady rise in performance royalties, accounting for 28% of Admin MP earnings and 77% of BMI earnings. Performance royalties are paid to this collection by both organizations and have seen impressive growth over the preceding year.

Lastly, sync royalties contribute to 9% of this collection’s earnings historically. The winning investor will benefit from any future placements in TV and film.

About the Royalty Distributor

Broadcast Music, Inc. (BMI) is one of four United States performing rights organizations, along with ASCAP, 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 BMI’s distribution schedule, click here.

The Administration MP is a music publishing service for songwriters, producers, beat-makers, and artists. The Administration MP registers, licenses, administers, and most importantly, collects royalties around the world, for their customers.

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