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.
|End Date:||Oct 25, 2019, 3:00 PM MDT|
|Last 12 Months' Royalties:||$69,627|
|Investment Term:||10 years*|
PRS for Music
|First Distribution: (paid 30 days from receipt):||
December 13, 2019
* Please see the FAQ tab for more information on the 10-year investment term.
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What rights are included?
|Musical Composition||Sound Recording|
|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:||PRS for Music||—|
Thanks to its global appeal, over a third of this asset’s revenue came from international sources in the last year. And impressively, international income increased by 13%. These royalties include radio, streaming, and TV/Film from outside the United Kingdom. Domestic (U.K.) streaming earnings also grew by 11% (noted as “Online” in the financial data) thanks to Spotify and Apple Music.
Released in 2017, “Came Here For Love” is off Sigala’s debut studio album Brighter Days. The album was a major success with six U.K. Top 10 singles, including “Came Here For Love” peaking at No. 6. The tropical house track was a worldwide hit going Platinum in the United Kingdom and Gold in Italy and Australia. “Came Here For Love” accounts for 83% of last year’s revenue and to date has 225+ million spins on Spotify.
Also included in this collection is 2016’s “When The Bassline Drops” from Craig David and British rapper Big Narstie. The track brought in 13% of last year’s income and peaked at No. 10 on U.K. singles chart. Notably, income from “When The Bassline Drops” is up 12% year-over-year.
Other titles featured in this catalog are: Craig David’s 2016 single "One More Time,” “Remember Me” (2012) from English singer Daley, and “Revive” performed by dance group LuvBug.
Streaming Growth Worldwide. According to IFPI’S Global Music Report 2019, streaming revenues were up 34% in 2018, accounting for nearly half (47%) of total recorded music revenues. By the end of 2018, there were 255 million users of paid subscription accounts globally.
This is good news for you as the investor, as 35% of this catalog’s income comes from what is noted as “international” which signifies royalties earned outside the United Kingdom including income from streaming platforms. Also, within the United Kingdom revenue from online streaming platforms is the second highest-earning source and that revenue grew year-over-year.
Active Tours. Both Sigala and Craig David are currently on tour. Sigala has scheduled tour dates through November 2019, while Craig David has dates on the books into April 2020. Tours give artists the chance to solidify their current fan base and expand their reach to new listeners.
About the Royalty Distributor
PRS for Music is the United Kingdom's leading collection society. It represents their songwriter, composer and music publisher members’ performing rights, and collects royalties on their behalf whenever their music is played or performed publicly. PRS undertakes collective rights management for musical works on behalf of its 140,000 members.