Drake’s Platinum “Fire & Desire”
Submit a bid on songwriter royalties produced by the Platinum hit “Fire & Desire,” from one of hip-hop’s biggest stars — Drake!
- Closed November 20, 2018
- Life-of-rights term
- $4,800 last 12 months
- Musical Composition
- Songwriter (World)
- BMI
About This Auction
- $4,800
- Track List
- Track List
- Musical Composition
- Interests Included
- Songwriter (World)
- Public Performance
- No
- Distributors
- BMI
- Sources
- Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
- Life of author + 70 years
- First Distribution
- January 18, 2019
- Distribution Frequency
- Quarterly
- Relist-Eligible?
- No
- Starting Price
- $16,000
- Bidding Increment
- $450
- Closing Price
- $36,250
- End Date
- November 20, 2018, 1:23 PM MST
- Buyer Fees
- $500‡
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
We recently listed the publishing royalties for this same song, and you can see that listing here. This time up for bid are the songwriter royalties for the Platinum hit “Fire & Desire” from hip-hop superstar Drake.
Released in 2016, “Fire & Desire” peaked No. 30 on Billboard’s Hot R&B/Hip-Hop Songs chart. The single was featured on Drake's 4X Platinum album Views — which was nominated for Album of the Year as well as Best Rap Album at the 2017 Grammys. Views also became the first album to accumulate one billion streams on Apple Music.
Not surprisingly, in the last 12 months, 73% of this single’s earnings came from streaming sources -- Apple Music, Pandora, and Spotify leading the way. “Fire & Desire” has 120+ million Spotify spins to date, while Drake happens to rank No. 2 worldwide on Spotify's most-streamed artist list with 45+ million monthly listeners. This is good news for you, as it exposes Drake and his songs to new listeners & potential fans.
Key Drivers
Hip-Hop & Streaming. Hip-hop overtook rock in 2017 as the most popular genre of music in the U.S. In the first half of 2018, it accounted for 31% of all music consumption. According to the Nielsen report, total consumption of Urban songs (Hip-Hop/Rap and R&B) grew by 18% in both sales and streams.
"Fire & Desire" is a perfect example of these two trends: hip-hop’s and streaming's growth worldwide. Streaming accounts for 73% of this song’s earnings in the last 12 months.
Drake’s Massive Popularity. Drake just recently released a new album and is actively touring through November 2018. While the new songs are not included in this auction, the release of new music and active tours reengages existing fans and draws discovery among new fans. In June, the RIAA announced that Drake is the top-certified singles artist ever with 142 million certified units.
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.
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
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Earnings over time, and where they came from.
FAQ
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Media
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