Hip-Hop Artist Max P. “Gang”
Bid now for you chance to collect from up-and-coming hip-hop artist Max P. hit single “Gang” and more.
- Closed October 2, 2018
- 10-year term
- $3,365 last 12 months
- Musical Composition
- Songwriter (World)
- BMI
About This Auction
- $3,365
- 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.
- 10 years*
- First Distribution
- January 18, 2019
- Distribution Frequency
- Quarterly
- Relist-Eligible?
- No
- Starting Price
- $6,500
- Bidding Increment
- $300
- Closing Price
- $9,500
- End Date
- October 2, 2018, 1:00 PM MDT
- Buyer Fees
- $500‡
* Please see the FAQ tab for more information on the 10-year investment term.
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
Up for auction are multiple tracks from hip-hop artist Max P. including his hit single “Gang.” The Los Angeles native is known best for his underground and new grunge stylings. At 22 years old, Max P. is just getting started and finds influence for his work from his family and early years growing up in LA.
Released in 2017, the original Max P. track “Gang” produced by Danny Wolf sparked immediate streaming success for the artist. Contributing to over 87% of this catalogs historic earnings, it’s quarterly earnings are showing impressive growth. The track itself featured a placement in the Golden Globe awarded Hulu series Atlanta, appearing in the third episode titled “Go For Broke”. In the last 12 months, “Gang” is attributable for 99% of this catalogs earnings.
This listing also features one of Max P’s older works “Don Juan.” Released in 2014, the Pink Fun track features Max P. behind the scenes. This work is on the rise, showing a 43% growth rate over the preceding year. Historically, over 13% of this catalog's earnings derived from “Don Juan.”
Key Drivers
Streaming. Earners in this catalog include “Gang” and more. Any time one of these tracks is streamed on Spotify, Pandora, or Apple Music, you earn! On the streaming platform Spotify, artist Max P. has over 35,000 monthly listeners. The track “Gang” itself has over 3.8 million streams and counting. On YouTube, the official music video for the track has over 13 million plays.
Hip-hop overtook rock in 2017 as the most popular genre of music in the U.S. and now accounts for 31% of all music consumption. The driver for the increase is streaming. According to Rolling Stone, in the first half of 2018, total consumption of Urban songs (Hip-Hop/Rap and R&B) by both streams and sales, grew by 18%. What's exciting is that this catalog is a perfect example of these two trends: hip-hop and streaming's growth worldwide. Streaming accounts for 51% of this catalog’s earnings over the last 12 months and these earnings are growing in the same period.
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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Answers about the term, the bidding and the royalties.
Media
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Videos, audio and images from the catalog.
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