Santana's "No One To Depend On"

Collect royalties from the 1972 single “No One To Depend On,” from the legendary Latin band, Santana!


closing price

Auction Closed

Top Bid: Gregory L

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: $40,250
End Date: Oct 13, 2017, 3:25 PM MDT
Investment Term: 49+ Years (see note below)
Last 12 Months' Royalties: $2,411
Royalty Type: Mechanical and Sync
First Payment: March 2018
Buyer Fees: None


Here is a rare chance to collect royalties from nine-time Grammy-winning, Latin rock band Santana. In the last 12 months, this catalog generated $2,411 in royalties.

Up for bid is the seller's interest in the publishing royalties for the Santana title “No One To Depend On.” The track is famous for its “call and response” style between the guitar and bass... featuring the great Carlos Santana on the guitar. “No One To Depend On” peaked at No. 36 on the Billboard Hot 100 in 1972.

This asset earns almost entirely from mechanical royalties — royalties when music is either physically sold (CDs), downloaded (iTunes), or streamed online (Spotify). Between January 2008 and June 2017, mechanical royalties made up 96% of income from this asset. What's more is that of those mechanical royalties, 70% are from traditional mechanical royalty sources, such as CD and DVD sales. Another interesting factor of this catalog, is 71% of earnings come from outside the United States.

Released in 1972, “No One To Depend On” is the second single from Santana's studio album Santana III. The album hit No. 1 on Billboard 200 in 1971 and was also the last Santana album to hit No. 1 until Supernatural in 1999.

As an added bonus, this catalog also contains the title “Me, Myself and I,” performed by pop singer Vitamin C. This song samples Santana's “No One To Depend On” and in 2000 it peaked at No. 36 on the Billboard Top 40 Mainstream chart. 

Key Drivers

1.) This auction is for three different royalty streams for “No One To Depend On” and “Me, Myself and I.” This means the winner of this auction can receive income in multiple ways:

  • Mechanical: Royalties paid to songwriters and publishers when music is sold (think CD or vinyl) but also when music is streamed (streaming mechanicals) “on-demand” (like Spotify)
  • Synchronization: Royalties paid to songwriters and publishers for use of a musical composition in a movie, TV show, or commercial. 
  • Sheet Music: Royalties paid to the songwriters and publishers for sheet music which contains lyrics, melody, and chords all in one.

To date, the majority of the income for “No One To Depend On” has come from mechanical royalties. “No One To Depend On” does also have the possibility to earn an up-front sync fee for use in commercials, TV shows or movies.

Want to learn more about the different royalty types? View our guides on mechanical and performance royalties here and sync royalties here.

2.) Obviously, a huge selling point for this asset is the band Santana itself. Established in San Francisco, California in 1966 by Mexican-American guitarist Carlos Santana, the group has sold more than 90 million records worldwide. This makes Santana one of the world's best-selling groups of all time — among company like Coldplay, Van Halen and Johnny Cash. The band was inducted into the Rock and Roll Hall of Fame in 1998 and is still recording and touring.

A Note About Copyright Length

The original composition, “No One To Depend On,” was created in 1971. According to U.S. copyright law, the copyright was automatically renewed to last for 95 years from the creation date. That means that the copyright for “No One To Depend On” will be valid through 2066. Copyright for the other track, “Me, Myself and I” is valid for the life of the last surviving author, plus 70 years. Although the investment term is listed as 49+ years due to “No One To Depend On,” the copyrights for the other song will be valid for much longer.

What is being sold?

100% of the seller's interest in the publisher's share of mechanical, sync and print royalties attributable the seller's Universal Music Publishing catalog. See the “Financials” tab for a full track list.

How does this asset make money?

Every time “No One To Depend On,” or any song in this catalog, is downloaded, purchased or streamed on the internet, the winner of this auction will earn royalties. Universal Music Publishing Group makes payments bi-annually and the next payment you'll receive is in March 2018.

Buyback Option

The seller has the option to repurchase the royalty share from the winning bidder, for two years after the sale, for 150% of the final auction price.

What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Public Performance
Sources: Internet Streaming, Digital Downloads, CD Sales, Sheet Music, TV/Film/Commercial Placements etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributors: Universal Music Group

About the Royalty Distributor

Universal Music Publishing Group is a North American music publishing company and is part of the Universal Music Group. Universal Music Publishing is the world's second largest music publishing company and owns or administers more than 3 million copyrights. They are one of the largest music publishing businesses in the world with more than 43 offices in 36 countries.

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