Listing 5187

Growing Royalties From Standardized Tests

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Sale Price

$6,500,000

4.83 x LTM

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10 offers made by 8 buyers

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Offer History

$6,500,000
Buyer 8 made 3 years ago
Accepted
$10,000
Buyer 7 made 3 years ago
$5,500,000
Buyer 6 made 3 years ago
$1
Buyer 5 made 3 years ago
$1,100,000
Buyer 4 made 3 years ago

About

: $1,344,875
3-Year Average: $850,813
Earnings Since 2015: $8,445,234
: 15.44 Years
Works Included: 2386

: —
: $4,000,000
Owner Last Active: Over 30 days ago

: Life of Rights

Learn more about rights and royalties

The information on this listing was accurate as of the last earning statistics update on

Other Information

Download Raw Data File

Asset Being Sold.  A share of royalties payable to Cricket Media, Inc. earned from the licensing of its published educational content for use in annual standardized student assessment tests in the United States. The royalties are currently collected and paid by the Copyright Clearance Center, Inc. under its Annual Copyright License for Student Assessment.

Track List Note. The number of tracks listed above represents individual articles that are currently earning. The full list of assets can be downloaded here:  Cricket Article List

Payment Schedule.  The CCC's regular payment schedule is once per year in April. Occasionally, royalties related to early licenses may be paid out-of-cycle in November.

Additional Information.  For additional details including a full breakdown of how this asset earns royalties please review the Cricket Deal Memo. Also see the Purchase Agreement Addendum which modifies our standard purchase agreement to incorporate royalties from articles published in the future.

Note. This catalog will collect domestic (U.S.) earnings only. International (non-U.S.) earnings are not included in any potential sale or the financial data presented.

Financials

Earnings Note. Because of COVID-19, all public schools shut down in March of 2020. As part of the federal government’s COVID response, the US Department of Education issued a comprehensive waiver that eliminated the required standardized testing for 2020. In 2021, the federal government made standardized testing optional. The most recent annual payment reflects a return to a normal academic year's worth of standardized testing.

* Historic royalty income does not guarantee future royalty income. Future royalty income depends upon future sales and licensing revenue generated by the intellectual property associated with this listing. All earnings analysis and investment decisions are investors’ sole responsibility per Royalty Exchange’s Terms of Use.

Included Works

Please refer to the Other Information section to download the full works list.