Sound Recording Royalties: Alternative Metal
Invest in sales and streaming royalties generated by the post-hardcore band Outline In Color.
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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: | $13,500 |
| Bidding Increment: | $400 |
| Closing Price: | $31,100 |
| End Date: | Apr 09, 2019, 3:44 PM MDT |
| Dollar Age: | 6.96 Years |
| Last 12 Months' Royalties: | $4,094 |
| Investment Term: | Life of author + 70 years |
| Distributors: | CD Baby |
| Rights Included: | Sales & Streaming |
| Interests Included: | Artist & Rightsholder |
| Track List: | |
| First Distribution: | May 31, 2019 |
| Distribution Frequency: | Monthly |
| Buyer Fees: | $500‡ |
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Description
This offering features monthly sound recording royalties from the popular post-hardcore group Outline In Color.
Formed in 2010, Outline In Color is a 5-piece alternative metal group that mixes elements of metalcore and electronics, to produce a unique sound. This catalog contains the band's first two independent albums — 2010's self-titled debut album Outline In Color, and its followup Jury of Wolves in 2012 — as well as associated single releases. Collectively, the catalog boasts a Dollar Age of nearly 7 years.
In the last 12 months, this collection earned the majority of its income from streaming — 87% of royalties. Spotify delivers the vast majority of these streaming royalties, accounting for nearly half of all royalties generated in the last year.
Another compelling feature is that income is fairly disbursed across the catalog, with no single song accounting for a large part of last year’s income. “A July of Wolves” is the highest-earning single in this collection, accounting for 11% of royalties. That song’s royalties are increasing, up 9% over the previous year.
Other notable songs include “Another Nightmare,” “No Bleeding On The Carpet,” and “The Chase Scene.”
Key Drivers
Dollar Age This collection of songs has a Dollar Age of 6.96. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for nearly seven years. A higher Dollar Age like this suggests stability and longevity.
Last year’s highest-earning track — “A Jury Of Wolves” — was released in 2012, and royalties are still being generated. A catalog containing mature works with consistent (and even growing earnings) is something worth noting as an investor. This can help sustain a catalog's earnings moving forward.
Touring and New Releases. In the last two years, Outline In Color the band has been on a worldwide tour, with stops in the United States, Japan, Europe, and Australia. The band has plans for another U.S.-based tour in 2019 and future plans for another Australian tour next year. Outline In Color also just released its fourth studio album in February 2019. The album was well-received and was streamed more than a million times in its first month.
While the new songs are not included in this auction, new albums and active tours can certainly boost an artist's back catalog. The release of new music can lead to discovery among first-time listeners, and re-engage existing fans.
This trend can clearly be seen in the chart below with the release of Outline In Color's album Struggle in March 2016. You'll see the increased engagement from listeners/followers and rising streams after the album's release. You’ll also notice the same pattern occur with the band’s most recent February 2019 album release:
Note: Artist data provided by Spotify.
Looking at Outline In Color's Spotify data, the band's listeners, streams and followers all have steadily increased since 2015. For reference, Spotify classifies “Listeners” as the number of unique persons listening to music, which can indicate a measure of the artist's popularity. “Streams” is the number of times the song is played for at least 30 seconds. “Followers” are listeners who follow the band/artist on Spotify and receive updates/release news on the artist.
About the Royalty Distributor
CD Baby's mission is simple: to help musicians make money from their music. CD Baby started in 1998 as an online CD store and has grown to become the largest global digital distributor of independent music and the largest publishing rights administrator in the world. CD Baby represents over 650,000 recording artists, 100,000 songwriters, half a million albums, and more than 7 million tracks across 800+ genres. CD Baby as paid out more than $500 million to independent musicians, songwriters, and labels.