Gucci Mane's “Wasted” and More
Bid on this catalog that features growing royalties from southern hip-hop artist Gucci Mane, including the hit “Wasted.”
- Closed August 10, 2017
- Life-of-rights term
- Musical Composition
- ASCAP
About This Auction
- $3,823
- Musical Composition
- Public Performance
- No
- Distributors
- ASCAP
- Sources
- Internet Streaming, AM/FM & Satellite Radio,TV/Film/Commercial Performances, etc.
- Life of author + 70 years
- First Payment
- August 2017
- Buyer's Fees
- $75 ASCAP Assignment Fee*
- Starting Price
- $11,000
- Bidding Increment
- $500
- Closing Price
- $26,500
- End Date
- August 10, 2017, 3:00 PM MDT
*A one-time ASCAP reassignment fee of $75 will be added to the final sale price on the invoice.
Description
Royalties for this hip-hop catalog grew by 112% over the last four quarters. This collection of songs features the trap music pioneer Gucci Mane, and in the last 12 months, produced $3,823 in earnings.
The driving force behind the catalog's increasing earnings comes from digital streaming, specifically Pandora, Apple Music, and Spotify. Its largest earner is the title “Wasted,” performed by Gucci Mane featuring Plies. The song accounts for 85% of the catalog's income, and is currently seeing an impressive 118% growth rate in the last four quarters, mostly from streaming sources.
“Wasted” was released in 2009 on Gucci Mane's sixth studio album The State vs. Radric Davis. The song was originally from Gucci Mane's 2009 mixtape, Guccimania, and has two official remixes, one with Plies the other with OJ Da Juiceman. The song was Gold-certified and hit No. 3 on both Billboard charts the Hot R&B/Hip-Hop and Rap Songs and No. 36 on Billboard Hot 100. The track is Gucci Mane's most successful single to date.
The catalog includes other Gucci Mane songs with increasing earnings as well. The tracks “Atlanta Zoo” and “Too Loyal” have 183% and 253% four quarter growth rates, respectively.
Key Drivers
Recently, hip-hop overtook rock as the most popular genre of music in the U.S. Hip-hop accounts for 25.1% of all music consumption with rock right behind it at 23%. Digital streaming is the driver for the increase, outlined by Nielsen's report.
This catalog demonstrates this phenomenon. Although just 10% of the catalog's income comes from streaming, this source is seeing 171% growth over the last four quarters as well. Streaming royalties are on the rise worldwide. If you're interested in learning more about streaming revenues' significant growth across the industry, click here.
What is being sold?
100% of the seller's interest in the of royalties attributable to the seller's catalog of songs administered by ASCAP. See the “Financials” tab for a full track list.
IMPORTANT NOTE: Possession of the songwriter’s portion of this asset must be taken via a trust, which is required due to ASCAP’s assignment policy. Please see the Post-Auction Process tab for further information.
How does this asset make money?
Every time “Wasted” or any song in this catalog, is played on the radio, streamed, played on TV or any other type of , you earn royalties. ASCAP makes payments quarterly and the first distribution you will receive is August 2017.
About the Royalty Distributor
ASCAP is the American Society of Composers, Authors and Publishers. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.
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Hip-Hop Catalog, Featuring Bounce Music
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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