Performance Royalties: Tauren Wells’ “Hills and Valleys”
Bid on public performance royalties from this award-winning Christian Rock hit.
- Closed April 21, 2020
- Life-of-rights term
- Musical Composition
- Songwriter (World)
- BMI
About This Auction
- $8,931
- Dollar Age
- 3.78 Years
- 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 (paid 30 days from receipt)
- June 19, 2020
- Distribution Frequency
- Quarterly
- Starting Price
- $35,000
- Bidding Increment
- $900
- Closing Price
- $50,300
- End Date
- April 21, 2020, 3:00 PM MDT
- Buyer Fees
- 1% of closing price or $500 (whichever is greater)‡
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
This single-song listing features RIAA Platinum, Grammy-nominated, top-10 Christian Airplay Chart, and top-5 Hot Christian Songs Chart hit “Hills and Valleys” by Tauren Wells.
LISTING HIGHLIGHTS:
- Strong Streaming Growth
- Life of Rights investment term
- Platinum-certified track
FINANCIAL HIGHLIGHTS:
The highest source of royalties for this single-song catalog also has the best performing growth trends. Streaming leads the way with 45% to overall earnings in the last 12 months, an increase of 32% over the prior year. This marks a natural transition from radio play to streaming activity for songs three years after their initial release.
Radio remains the second-highest source of income, with 33% of the last 12 months’ earnings.
ABOUT THE CATALOG:
Released in early 2017, “Hills and Valleys” rose to No. 8 on the Christian Airplay Chart and peaked at No. 3 on the Hot Christian Songs Chart. The song earned a 2018 BMI Christian Music award, was a Grammy nominee for Best Contemporary Christian Music Performance/Song in the same year, and was the title track on the Hills and Valleys album, which received a Grammy nomination for Best Contemporary Christian Music Album.
Recently, pop/worship artist Rachael Nemiroff covered the track as well, and any of the cover version will also generate royalties for the winner of this auction.
Key Drivers
Radio and Streaming. This song is in the midst of a transition from radio-dominated activity to streaming, a common trend with hit songs after three years from the original release. Over its entire lifetime since release, streaming contributed 25% of earnings. But in the last 12 months, streaming became the top source of earnings at 45%.
Radio activity generated 58% of royalties for this song over its lifetime since release. In the last 12 months, radio’s contribution fell to 33% of total earnings, as streaming activity ramped up. So as we're seeing the radio royalties begin to slow down, other income sources (streaming) begin to increase.
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.
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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