Progressive Rock Sound Recording Royalties

Bid on rising sales and streaming earnings from the progressive pop-rock band Awaken I Am.

$28,250

closing price

Auction Closed

Top Bid: Martin R

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: $9,000
Bidding Increment: $250
Closing Price: $28,250
End Date: Jan 18, 2018, 3:48 PM MST
Investment Term: Life of author + 70 years
75% of Last 12 Months' Royalties: $3,199
Royalty Type: Sales and Streaming
First Payment: February 2018
Buyer Fees: None

Description

Up for auction are sound recording royalties from Australian progressive rock band Awaken Am I... and these royalties are on the rise. Over the last 12 months, this collection of music produced $3,199 in earnings.

This catalog earns the majority of its income from streaming — 75% of royalties in the last 12 months. What's more is that these streaming royalties grew 56% in the same time period. Spotify delivers the majority of streaming income and is also seeing positive growth of 56% over the last four quarters.

Originally from Australia, Awaken I Am is a progressive pop-rock group that's toured extensively with other well-known bands. The album Shields and Crowns is this catalog's largest income source, accounting for 29% of royalties. Released in 2014, the album was the band's first release and went on to extensive radio play across Australia.

The track “Divisions” from Shields and Crowns is this asset's highest grossing single, bringing in 17% of the last 12 months' earnings. The track has over 300,000 spins on Spotify, making it the band's second most popular song on the platform. The catalog also features a collaboration with popular soulful vocalist Jonny Craig --“The Depths”-- which saw positive growth over the last year.

Key Drivers

Tour & Album Release. Awaken Am I recently dropped the new album Blind Love in September of 2017. The band is planning a U.S. tour with dates in February and March 2018 to promote the new album. Then, they'll continue the tour in their native Australia and New Zealand. For a band, a tour can help reinvigorate their back catalog such as the two albums included in this auction, Shields and Crowns and Resonance. Tours can draw interest from first-time listeners and reignite existing fans' interest.

Streaming & Rock. According to BuzzAngles 2017 Music Report, rock titles were the second-most streamed songs at 19.3% (including Rock, Alternative, Metal, Indie Rock, Punk). Streaming is the largest source of royalties for this progressive rock catalog at 60% of the income to-date. What's more is on-demand stream activity industry wide is up 58.7% . The growth in streaming can be seen here in this rock catalog and aligns with the industry-wide surge in streaming as a listening method.

What is being sold?

75% of the seller's interest in the sales, streaming, and all royalties (except synchronization and non-interactive digital performance royalties) attributable to the sound recordings listed in the track list on the “Financials” tab.

How does this asset make money?

Every time the album Shields and Crowns is streamed on demand or digitally downloaded through sources like Spotify, iTunes, Apple Music, etc. you will earn money. Royalty Exchange will administer royalties from Tunecore to the buyer on a monthly basis and the first payment will be February 2018.

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 & Digital Downloads
Distributors: TuneCore

About the Royalty Distributor

TuneCore is New York-based independent digital music distribution service, founded in 2005. TuneCore offers musicians and other rights-holders the opportunity to distribute and sell or stream their music through online retailers such as iTunes, Spotify, Amazon Music, Google Play, Tidal, and others.

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