Island Reggae Performance Royalties
Bid on consistent songwriter royalties from tracks performed by Grammy-nominated island reggae group Common Kings.
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- Closed March 24, 2020
- 30-year term
- $10,093 last 12 months
- Musical Composition
- Songwriter (World)
- ASCAP
About This Auction
- $10,093
- Dollar Age
- 6.45 Years
- Track List
- Track List
- Musical Composition
- Interests Included
- Songwriter (World)
- Public Performance
- No
- Distributors
- ASCAP
- Sources
- Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
- 30 years*
- First Distribution (paid 30 days from receipt)
- April 6, 2020
- Distribution Frequency
- Quarterly
- Starting Price
- $40,000
- Bidding Increment
- $1,000
- Closing Price
- $51,000
- End Date
- March 24, 2020, 3:00 PM MDT
- Buyer Fees
- 1% of closing price or $500 (whichever is greater)‡
* Please see the FAQ tab for more information on the 30-year investment term.
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
This island reggae listing boasts growing streaming and international earnings, with a 6-year Dollar Age.
LISTING HIGHLIGHTS:
- 30-year investment term
- Positive earning trends
- Average 6-year Dollar Age
FINANCIAL HIGHLIGHTS:
The top-earning source this catalog — domestic streaming at 53% — increased by an impressive 30% last year. That’s notable growth for a catalog with an average Dollar Age of six years. International revenue also grew 44% year-over-year.
This catalog’s two-highest-earning tracks (both released in 2012) grew by double digits over the prior year.
ABOUT THE CATALOG:
This collection features island reggae songs from cross-cultural Grammy-nominated rock/pop group Common Kings and solo artist Bo Napoleon.
The top title is “Wade In Your Water” from Common Kings with 41% of last year’s income. It grew 34% year-over-year. Released in 2012 on the group’s Summer Anthem EP, the single is the band’s most popular with nearly 29 million spins on Spotify. Also off the Summer Anthem EP is “Alcoholic” with 19% of last year’s earnings — up 10% compared to the prior period.
Rounding out the top-five are three tracks from indie singer/songwriter Bo Napoleon:
- “Nice To See You Trying” (2017)
- “If That’s Ok” featuring Garrett Douglas (2016) — Napoleon’s most successful single to date with over 10 million Spotify spins.
- “Poolside” (2018)
Key Drivers
Dollar Age. This catalog has a Dollar Age of 6.45 years. This means the majority of royalties earned in the last 12 months came from songs that have collected royalties for more than five years. A high Dollar Age like this suggests stability and longevity.
"Wade In Your Water" was released in 2012 and royalties continue to remain consistent and even grew in the last 12 months. A catalog containing mature works with consistent (and even growing earnings) is something worth noting as an investor. This can help sustain a catalog's earnings moving forward.
Streaming Growth Worldwide. According to IFPI’S Global Music Report 2019, streaming revenues were up 34% in 2018, accounting for nearly half (47%) of total recorded music revenues. By the end of 2018, there were 255 million users of paid subscription accounts globally. This catalog’s top-earning source is streaming, which also grew 30% — seemingly following industry trends.
About the Royalty Distributor
American Society of Composers, Authors and Publishers (ASCAP) is one of four United States performing rights organizations, along with BMI, 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 ASCAP’s distribution schedule, click here.
The Theoretical IRR is a formulaic guideline based on an extrapolation of the normalized, historical earnings trend of the catalog. The Theoretical IRR is not a guarantee of future performance. It should be used for comparison purposes only. Each catalog has its own risk factors and the Theoretical IRR is not based upon a specific analysis of this catalog. Click here to view the basis for all Theoretical IRR calculations.
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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