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:||Apr 30, 2021, 3:11 PM MDT|
|Dollar Age:||1.18 Years|
|Last 12 Months' Royalties:||$14,848|
|Investment Term:||Life of author + 70 years|
|Distributors:||Warner Music Group|
Sales, Streaming, Sync
|First Distribution (paid 30 days from receipt):||September 30, 2021|
1% of closing price or $500 (whichever is greater)‡§
‡ Investors placing the opening bid on any listing pay no buyer fee if they win the resulting auction, a savings of 1% off the final price (minimum $500). All Access members who already receive this discount will be rewarded with a cash rebate equal to the buyer fee.
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What rights are included?
|Musical Composition||Sound Recording|
|Sources:||Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc.||Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements, Samples, etc.|
|Distributors:||—||Warner Music Group|
This single-song listing features producer royalties from a single track: “Red Eye” performed by hot rapper YoungBoy Never Broke Again.
As the winning bidder, you’ll collect streaming and digital download earnings for the lifetime of the copyright on the single, as well as a share of royalties earned by sales of the associated album. Streaming in particular pays a greater share of revenue to sound recording royalties over composition royalties.
Streaming (both ad-supported and subscription) generated nearly all of this asset’s earnings — 99% of returns to date. Subscription streaming is the dominant of the two, alone accounting for 79%. Apple Music is the top streaming platform with 61% of total earnings.
ABOUT THE CATALOG:
“Red Eye” was released in 2020 on YoungBoy Never Broke Again’s 15th mixtape album Still Flexin, Still Steppin. The mixtape was successful, debuting at No. 2 on the Billboard 200 and was YoungBoy's second-highest charting album at the time.
The single “Red Eye” has nearly 28 million spins on Spotify.
Streaming Growth Worldwide. According to IFPI’S Global Music Report 2021, subscription streaming revenues for recorded music increased 18.5% over the previous year. That’s the sixth consecutive year of growth, totaling 443 million paid subscription accounts worldwide. Total streaming (including both paid subscription and advertising-supported) grew 19.9% and reached $13.4 billion, or 62.1% of total global recorded music revenues.
Sound Recordings: Sound recording royalties benefit from streaming disproportionately more than composition-based royalties. If Spotify pays 70-cents of every dollar on music rights, 60-cents of that goes to the sound recording copyright (which the label splits with the artist based on their contract agreement), while the remaining 10-cents goes to the composition copyright.
Multiple Income Streams. The winner of this auction can receive royalties from various streams:
- Sales: Royalties paid to artists and producers when a recording is sold, which can be downloaded (on a platform like iTunes), as well as physical copies being sold (such as a C.D.).
- Streaming: Royalties paid to artists and producers when a recording is streamed “on-demand” (like Spotify or Apple Music for example).
- Synchronization: Royalties paid to artists and producers for the licensing of a recording in music for a movie, TV show, or commercial.
WHAT IS BEING SOLD?
The Seller's interest in all sound recording royalties (except for non-interactive digital performance royalties distributed by SoundExchange) attributable to the sound recordings listed in the Track List noted above.
About the Royalty Distributor
Warner Bros. Records Inc. is one of the top major record labels in the world. They are the foundation label of the present-day Warner Music Group (WMG). Warner Bros. Records is home to a wide array of legendary artists with a rich catalog of contemporary hits and influential standards. With a commitment to artist-friendly policies and long-range career development, they continue to maintain a strong share of the label market around the world.