Rising EDM From BONNIE X CLYDE

Place a bid on these sound recording royalties from the electronic band BONNIE X CLYDE.

$105,000

closing price

Auction Closed

Top Bid: Shawn M

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: $69,000
Bidding Increment: $3,000
Closing Price: $105,000
End Date: Jun 25, 2019, 3:04 PM MDT
Dollar Age:

1.58 Years

Last 12 Months' Royalties:

$29,730

Investment Term: Life of author + 70 years
Distributors: TuneCore
Rights Included:

Sales & Streaming 

Interests Included:

Rightsholder (World)

Track List:

Track List

First Distribution: (paid 30 days from receipt):

July 31, 2019

Distribution Frequency: Monthly
Buyer Fees:

$500

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What rights are included?

Description

Up for bid is a collection that features electronic/dance tracks from the rising duo BONNIE X CLYDE. Signed to United Talent Agency, the group fuses electropop, synthpop, house and trap music to create their unique sound.

As the winning bidder, you will collect streaming and sales (downloads) of each of the included songs and EPs. Streaming dominates this catalog’s income mix, with 94% of historic income. The top-earning source in the last 12 months is Spotify with 60% of revenue. And these royalties are growing significantly, thanks to the catalog’s new releases. Apple Music is the second-highest streaming platform with 19% of last year’s royalties.

This collection’s leading contributing title is 2018’s “The Unknown,” accounting for 31% of last year’s income. “The Unknown” has nearly three million spins on Spotify to date, making it BONNIE X CLYDE’s second most popular song on the platform.

Other notable tracks in this catalog include “Do It All Over,” “Rise Above” and “Why Do I.” Released in 2016, the royalties for “Why Do I” grew significantly year-over-year thanks to increased earnings from Spotify.

Key Drivers

Electronic Dance Music & Streaming. According to BuzzAngle’s 2018 Music Report, as a genre, nearly 88% of EDM (electronic) listeners tune in on-demand streaming platforms. This is good news for you, as the winning investor will benefit from this collection’s increasing streaming growth. In the last 12 months alone, this collection earned 96% of its income from streaming platforms.

According to 2018 IMS Business Report, the EDM (electronic dance music) industry is currently valued at $7.4 billion, estimating that the global EDM industry could be worth nearly $9 billion by 2021. In fact, EDM as a genre is beginning to blend into mainstream culture, with crossover hits appearing in both pop and R&B categories. As the once-underground genre becomes deeper embedded in mainstream culture, crossover tracks bridge the gap between genres.

Artist Popularity. BONNIE X CLYDE has an active fanbase with over 250,000 monthly listeners on Spotify. The duo is performing at popular EDM festivals/shows throughout the summer of 2019, including Electic Daisy Carnival in South Korea. BONNIE X CLYDE also just released a new single in May 2019.

While the new song is not included in this auction, new releases and tours can certainly boost an artist's back catalog. The release of new music can lead to discovery among first-time listeners, a chance to solidify an artist's current fanbase, and re-engage existing fans. With BONNIE X CLYDE planning to be on the road with shows scheduled at some of the hottest festivals/venues, it will certainly gain exposure for their back catalog. 

BONNIE X CLYDE has also received a request to use their single “The Unknown” in an upcoming action film titled Underwater featuring Kristen Stewart, rumored for release in 2020. Although this asset would not collect the up-front sync fee for the song’s use, placement in the film could generate interest and exposure for BONNIE X CLYDE as a rising EDM act.

Sound Recordings: Sound recording royalties benefit disproportionately more from streaming 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, while the remaining 10-cents goes to the composition copyright.

In the last year, 94% of royalties came from streaming services, with Spotify as the leading contributor. This is good news for you as the investor, as this catalog earns from the sound recording copyright.

WHAT IS BEING SOLD? 

The seller's interest in all royalties (except synchronization, and non-interactive digital performance royalties collected by SoundExchange), attributable to the sound recordings listed in the Track List noted above. 

About the Royalty Distributor

TuneCore is a 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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