R&B Legend & 7-Time Grammy Nominee “Joe”

Premiere catalog including several evergreen songs that continue to earn more than a decade after their release.

$1,237,500

starting price (Reserve: $1,237,500)
Watch or Bid Where is the end date?

Overview

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.

Current Price: $1,237,500
Bidding Increment: $25,000
Investment Term Life of author + 70 years
Last 12 Months' Royalties $170,719
Royalty Type: Noninteractive Digital Royalties & All Pandora Royalties
First Payment: December 2016
Buy It Now: $1,500,000*

*The Buy Now option is an opportunity to purchase the asset at a fixed price. If you choose the Buy Now option, the asset will no longer be available for auction. If you have any questions or are interested in this option, please call 720-593–6472, Ext. 2 .

Description

This is the unique opportunity to collect growing digital royalties from the catalog of 7-time Grammy nominated, 24-year R&B veteran “Joe” (nee: Joe Thomas). This catalog generated $170,719 in the last 12 months, an increase of 16.3% over the previous 12 months, and has generated 12% compound over the life of the catalog.

Joe has sold over 10 million albums throughout his career, earning him multiple certifications from the Recording Industry Association of America (RIAA) for album sales: two Gold, one Platinum, and one Triple-Platinum.

More than 78% of the catalog has been earning for a decade or more, and the earnings for these songs continue to grow. These evergreen songs include hits like “I Wanna Know” and “All the Things (Your Man Won't Do)” among others.

More details on this deal can be found in the Deal Memo located in the Documents tab.

What is being sold?

100% of seller's “artist” interest in the noninteractive digital public performance royalties, currently collected and distributed by SoundExchange, and all performance royalties, whether interactive or noninteractive, for performances on the Pandora Music Service platform.  See the track list in the Documents tab for more information about included works.

Noninteractive services are very generally defined as those in which the user experience mimics a radio broadcast. That is, the users may not choose the specific track or artist they wish to hear, but are provided a pre-programmed or semi-random combination of tracks, the specific selection and order of which remain unknown to the listener (i.e. no pre-published playlist). Examples: Pandora, Sirius XM Radio, iHeartRadio, etc.

how does this asset make money?

Every time “I Wanna Know,” or any song in this catalog, is played on Pandora, Sirius XM Radio, iHeartRadio, etc. the winner of this auction will earn money. The royalties are currently distributed quarterly by SoundExchange.

what is interesting about this asset?

A self-described “country boy” born in South Georgia and raised in Alabama, Joe learned to play the guitar and piano while developing his vocal skills in church. Joe’s dream of attending Dillard University in New Orleans to study business and law took a backseat when he opted to relocate to New Jersey in pursuit of a musical career. After notching his first R&B top 10 for Mercury Records in 1993 with “I’m in Luv,” Joe hit his stride in the mid-‘90s with the R&B and pop crossover smash “All the Things (Your Man Won’t Do).”

Since then, Joe has gone on to release 11 studio albums, has sold over 10 million albums, and has been nominated for 7 Grammys. Notable albums include triple platinum My Name is Joe and platinum album All That I Am. Joe’s anticipated 12th studio album, #MyNameisJoeThomas, is due out mid-fall of this year. Included in this catalog is one song off that new album, Joe's cover of Adele's hit song “Hello.” The song was released in November 2015, earning over $8,500 in royalties from SoundExchange, and generating over 5 million Youtube views since.

Joe consistently tours, averaging 42 shows per year over the last 5 years. His presence is global, with approximately 23% of shows in the last 5 years being international. In 2016, he has already performed 23 shows in the United States with 7 more scheduled before he heads to Australia to continue the tour.

what rights are included?

about the royalty distributors

SoundExchange is an independent nonprofit collective management organization that collects and distributes digital performance royalties to featured artists and copyright holders. Since inception, they have paid out more than $4 billion in royalties. In 2015 alone, SoundExchange paid out $803 million in digital performance royalties – a record-setting annual distribution for the organization.

Financials

Documents

Media

Post-Auction Process

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