Streaming-Driven Hip-Hop

This single-song auction features songwriter and publisher earnings from the hip-hop track “I Wonder Why” from YFN Lucci and Skooly and the later re-released version featuring Yo Gotti.

$16,400

closing price

Auction Closed

Top Bid: David P

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: $7,000
Bidding Increment: $200
Closing Price: $16,400
End Date: Feb 11, 2019, 3:00 PM MST
Last 12 Months' Royalties:

$1,786

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

Public Performance

Interests Included:

Songwriter (World) Publisher (World)

Track List:

Track List

First Distribution: March 22, 2019
Distribution Frequency: Quarterly
Buyer Fees:

$500

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Non-Interactive Streaming
Sync
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

Looking for a smaller catalog to kick-off your royalty collecting? This listing is the perfect place to start. Featuring multiple versions of the single-composition “I Wonder Why,” this listing offers investors the opportunity to collect from a catalog-driven by streaming.

First released in 2014, “I Wonder Why” included performing artist YFN Lucci and Skooly. With multiple Billboard-charting tracks, YFN Lucci quickly made a name for himself within the hip-hop community, collaborating with dozens of artists within the genre including Meek Mill, Migos, 21 Savage and Lil Wayne.

The streaming growth from Spotify, Apple Music and more are linked to not only the first release from 2014 but also another recorded release featuring Yo Gotti launched in 2015.

Most recently, the first version of the song featuring YFN Lucci and Skooly was re-released on YFN Lucci’s 2017 album release Wish Me Well. The winning investor will benefit from all three recorded versions released in 2014, 2015 and 2017 of the composition “I Wonder Why.”

Key Drivers

Hip-Hop/Streaming. This catalog is a perfect example of two trends: hip-hop and streaming's growth worldwide. According to BuzzAngle's 2018 Year End Report, hip-hop is the most popular genre of music in the U.S. The driver for the increase is streaming. Hip-hop/rap tracks accounted for more than a quarter of all on-demand plays on music streaming services in the US in 2018. Streaming accounts for 98% of this catalog’s earnings over the last 12 months and these earnings are up over 22% in the same period.

Re-Released “I Wonder Why” makes up the entirety of the catalog’s income. Because the track was re-released twice, the songwriter (and thus the winning bidder) benefits by collecting royalties from performances of both works. Take a listen to both versions of the track on the “Media” tab.

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.

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