No. 1 Hip-Hop Single: “Roger That”

Earn royalties from the No. 1 “Roger That” from Young Money, featuring Lil Wayne and Nicki Minaj.

$7,100

closing price

Auction Closed

Top Bid: Daniel 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: $3,700
Bidding Increment: $100
Closing Price: $7,100
End Date: Sep 24, 2018, 2:00 PM MDT
Last 12 Months' Royalties:

$1,082

Investment Term: 10 years*
Distributors: BMI
Rights Included:

Public Performance

Interests Included:

Songwriter (World) & Publisher (U.S. Only)

Track List:

Track List

First Distribution: January 18, 2019
Distribution Frequency: Quarterly
Relist-Eligible? Yes
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
Streaming
Sync
Sources: Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributors: BMI

Description

Featured in this auction are the public performance royalties from the single “Roger That” performed by hip-hop group Young Money.

“Roger That” was released in 2010 as the third single from the group’s debut collaboration album We Are Young Money. The group consists of artists signed to Lil Wayne’s label Young Money Entertainment, and “Roger That” features Lil Wayne, Nicki Minaj, and Tyga.

The single debuted at No. 1 on the Billboard Hot Rap Songs chart and topped out at No. 56 on the Hot 100. The album We Are Young Money also charted impressively at No. 6 on Billboard 200 and is certified Gold by the RIAA. The video for “Roger That” has nearly 20 million views on YouTube, while the track has amassed over 6 million Spotify spins.

In the last 12 months, the vast majority of royalties for “Roger That” came from streaming sources, at 90%. Pandora leads the way with streaming revenue, followed by Apple Music, YouTube, and Spotify.

Key Drivers

Hip-Hop and R&B. Hip-hop/R&B overtook rock in 2017 as the most popular genre of music in the U.S. Now, in the first half of 2018, it accounts for 31% of all music consumption. According to the Nielsen report, total consumption of Urban songs (Hip-Hop/Rap and R&B) grew by 18% in both sales and streams. "Roger That" is a perfect example of these two trends: hip-hop and streaming's growth worldwide. Streaming accounts for 90% of this song’s earnings in the last 12 months.

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.

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