Platinum Hit From Drake - “Furthest Thing”
Earn royalties from the Platinum-selling track, “Furthest Thing,” performed by one hip-hop’s biggest artists Drake.
- Closed August 27, 2018
- Life-of-rights term
- $7,290 last 12 months
- Musical Composition
- Songwriter (World)
- BMI
About This Auction
- $7,290
- 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
- September 14, 2018
- Distribution Frequency
- Quarterly
- Relist-Eligible?
- Yes
- Starting Price
- $30,000
- Bidding Increment
- $750
- Closing Price
- $93,750
- End Date
- August 27, 2018, 3:41 PM MDT
- Buyer Fees
- $500‡
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
This single-song auction features royalties for the hit “Furthest Thing” from hip-hop superstar Drake.
Released in 2013 “Furthest Thing” peaked at No. 56 on Billboard Hot 100. Interestingly, Drake sampled a portion of a 1990s gospel song (titled “Hold On, for We're Going Home”) within this hip-hop track. That gospel sample is the backbone of “Furthest Thing” -- click here to hear the comparison. “Furthest Thing” is certified-Platinum by the RIAA and has nearly 83 million spins on Spotify. What’s more is Drake is the most-streamed artist in the world with 61.5 million monthly listeners on Spotify!
The song was featured on Drake's fourth studio album, Nothing Was the Same -- which debuted at No. 1 on the Billboard 200 and is quadruple-Platinum certified. The album was also nominated for Best Rap Album at the 2014 Grammys.
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.
"Furthest Thing" is a perfect example of these two trends: hip-hop and streaming's growth worldwide. Streaming accounts for 73% of this song’s earnings in the last 12 months. Drake also happens to rank No. 1 worldwide on Spotify's most-streamed artist list with a staggering 61.5 million monthly listeners. This is good news for you, as it exposes Drake and his songs to new listeners & potential fans.
New Releases & Tours. Drake just recently released a new album Scorpion in June 2018. While the new songs are not included in this auction, the monster success of Scorpion can help boost Drake’s back catalog. Drake is also actively touring through the November of 2018. The release of new music and active tours reengages existing fans and also draws discovery among new fans.
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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Media
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