Akon's 3x Platinum Hit “Don't Matter”
Invest in growing royalties generated by the triple Platinum-certified track “Don't Matter,” from Grammy-nominated artist Akon.
- Closed December 21, 2017
- Life-of-rights term
- Musical Composition
- BMI
About This Auction
- $2,302
- Musical Composition
- Public Performance
- No
- Distributors
- BMI
- Sources
- Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
- Life of author + 70 years
- First Payment
- February 2018
- Starting Price
- $5,000
- Bidding Increment
- $250
- Closing Price
- $28,000
- End Date
- December 21, 2017, 3:00 PM MST
- Buyer Fees
- None
Description
Here is a chance to collect royalties from a triple-Platinum hit performed by R&B/hip-hop artist Akon. Along with a decade of earning history, "Don't Matter" has produced $2,302 of income over the last four quarters.
“Don't Matter” has seen 41% growth in its earnings in the last year. The driving force behind this growth is streaming royalties, which increased over 90% — attributed to Pandora, Spotify, Sirius XM and Apple Music — along with radio royalties increasing 39%. International earnings are also growing, as “Don't Matter” produces royalties in 69 countries outside the United States.
Released in 2006 on Akon's second studio album Konvicted, “Don't Matter” became Akon's first solo U.S. No. 1 single. The song charted on an impressive 7 Billboard charts, most notably No. 1 on the Billboard Hot 100, No. 3 on Mainstream Top 40 and No. 16 on R&B Songs. It was also featured at No. 31 on Rolling Stone's list of the 100 Best Songs of 2007 and experienced chart position in upwards of 17 different countries.
Today, “Don't Matter” has over 62 million spins on Spotify (his 4th most popular song on the platform) and the video has nearly 240 million YouTube views. Interestingly, “Don't Matter” was sampled in R&B vocalist Kehlani's early 2017 track “Undercover.” That means you will not only earn money when “Don't Matter” is played, but also when Kehlani's “Undercover” is played.
Key Drivers
Growth. Although “Don't Matter” was released over 10 years ago, the fact that its royalties are not only continuing to come in, but are growing, is rather impressive. In the last four quarters, earnings increased 41%. As widely seen across the industry, “Don't Matter”'s growth is attributed to streaming sources, specifically Pandora, Spotify, Sirius and Apple Music. According to Nielsen’s U.S. Music Mid-Year 2017 Report on-demand audio streams have reached more than 184 billion so far in 2017, a considerable 62.4% increase over the same period last year.
Akon's popularity. Akon has produced countless hits spanning pop, R&B, hip-hop and dance. He's know for his own chart topping singles as well as his 300 guest appearance on other artists' songs like Michael Jackson, Wiz Khalifa, Lady Gaga, Gwen Stefani, Lil Wayne, R. Kelly, and Eminem. His accolades include over 35 million albums sold worldwide, five Grammy Award nominations, and 45 Billboard Hot 100 songs. He's also involved in humanitarian efforts like a partnership to bring electricity to one million households in Africa.
What is being sold?
100% of seller's interest in the of royalties attributable to the musical composition “Don’t Matter” (BMI #8613293).
How does this asset make money?
Every time “Don’t Matter” is played on the radio, Pandora, Spotify, or any other type of , you earn royalties. Royalty Exchange will administer quarterly payments from BMI and the first distribution you will receive is January 2018 to be paid in February 2018.
About the Royalty Distributor
BMI represents more than 10.5 million musical works created and owned by more than 700,000 songwriters, composers and music publishers. BMI supports businesses and organizations that play music publicly by offering blanket music licenses that permit them to play more than 10.5 million musical works.
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.
Financials
Log in to see the financials
Earnings over time, and where they came from.
FAQ
Log in to read the FAQ
Answers about the term, the bidding and the royalties.
Media
Log in to see the media
Videos, audio and images from the catalog.
Similar Auctions
- Auction Closed
- Auction Closed
.png)
- Auction Closed