Royalties From Jill Scott’s “Whatever”
Submit a bid for public performance earnings produced by Jill Scott’s 2004 hit single “Whatever.”
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: | $10,000 |
| Bidding Increment: | $250 |
| Closing Price: | $20,000 |
| End Date: | Dec 16, 2019, 3:12 PM MST |
| Dollar Age: | 14.67 Years |
| Last 12 Months' Royalties: | $2,793 |
| Investment Term: | Life of author + 70 years |
| Distributors: | BMI |
| Rights Included: | Public Performance |
| Interests Included: | Songwriter (World) |
| Track List: | |
| First Distribution (paid 30 days from receipt): | January 17, 2020 |
| Distribution Frequency: | Quarterly |
| Buyer Fees: | 1% of closing price or $500 (whichever is greater)‡ |
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What rights are included?
| Musical Composition | Sound Recording | |||||||
|---|---|---|---|---|---|---|---|---|
| Copyrights included? | No | — | ||||||
| Rights: |
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| 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
This offering is highlighted by Jill Scott’s dance/club track “Whatever,” along with other R&B titles.
Released on Jill Scott’s second album Beautifully Human: Words and Sounds Vol. 2, “Whatever” still generates earnings 15 years after its release. The album was Scott’s first No. 1 on the Billboard Top R&B/Hip-Hop Albums chart and also hit No. 3 the mainstream Billboard 200. It was her biggest dance single, hitting No. 3 on Billboard Dance/Club chart and No. 34 on Hot R&B/Hip-Hop Songs. The track brings in 92% of this asset’s revenue over the last four quarters.
Live performance royalties make up a majority of this catalog’s earnings, accounting for 61% of last year’s income. You’ll notice a spike in earnings in the third quarter in each of the last three years, which is an annual payment for Scott’s live performances of "Whatever." Streaming is the second largest income source (18%) in the last year, and these royalties are on the rise, up 19% compared to the previous timeframe.
Finally, this catalog also includes 2011’s “Wake Up Baby” from the same artist, bringing in 3% of last year’s revenue.
Key Drivers
Dollar Age. This offering has a Dollar Age of 14.67 Years. This means the majority of royalties earned in the last 12 months come from songs that have generated royalties for nearly 15 years. A high Dollar Age like this suggests stability and longevity and is worth noting as an investor. This can help sustain the asset’s earnings moving forward.
Live Performances & Touring. One unique aspect of this catalog is that 61% of royalties in the last 12 months come from live performances. Jill Scott still tours actively and performs older releases like “Whatever," as seen in the data.
Jill Scott is set to start her Who Is Jill Scott? 20th Anniversary Tour, in early 2020. This is good news for you as the investor, as this catalog collects income generated by the live performances of “Whatever.” It's also important to note that if Jill Scott stops touring/performing the track, the earnings from these live performances could diminish.
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.