Listing 6081
Publishing - Cage The Elephant Royalties
- Sony Music Publishing
- Sony Music Publishing (non-USD)
- Rock
- Publishing
- Cage The Elephant
- Streaming Mechanical
- CTE LLC
- …
Offers
Sale Price
$27,005
15.48 x LTM
Listing Tools
Price Tracker
88 offers made by 16 buyers
- List price
- Closed
- Accepted
Offer History
$27,005
Buyer 8 made 1 year ago
Accepted$26,926
Buyer 11 made 1 year ago
Outbid$26,855
Buyer 11 made 1 year ago
Outbid$26,755
Buyer 8 made 1 year ago
Outbid$26,605
Buyer 11 made 1 year ago
Outbid
About
- $1,744
- 3-Year Average
- $1,766
- Earnings Since 2012
- $15,672
- 11.91 Years
- Works Included
- 49
- $**,***
- $7,500
- Owner Last Active
- Over 30 days ago
- Life of Rights
- Musical Composition
- Mechanical, Public Performance, Sync
- No
- Sources
- Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
- Payors
- CTE LLC
The information on this listing was accurate as of the last earning statistics update on
Overview
Included in this listing are the publishing royalties from rock band, Cage the Elephant's first four albums - Cage the Elephant, Thank You Happy Birthday, Melophobia and Tell Me I'm Pretty.
The catalog exhibits a Compound Annual Growth Rate (CAGR) of 12.45%, a robust indicator of growth. This CAGR places the catalog well above the 75th percentile of catalogs analyzed by Royalty Exchange.
The "Dollar Age" of 11.91 years is noteworthy. This metric suggests that the songs in the catalog have been generating revenue for a significant amount of time, which typically indicates a stable and mature set of songs. Older songs with a long history of earnings can provide a reliable income stream, as they often continue to be popular or gain new audiences over time.
Artist & Song Information
Cage the Elephant is an American rock band formed in 2006 in Bowling Green, Kentucky. The band consists of Matt Shultz (vocals), his brother Brad Shultz (rhythm guitar), Nick Bockrath (lead guitar), Matthan Minster (guitar, keyboards), Daniel Tichenor (bass), and Jared Champion (drums).
Early in their career, the band signed with Relentless Records after showcasing at the 2007 South by Southwest music festival and supported Queens of the Stone Age on tour. Their 2008 self-titled debut album featured the single "Ain't No Rest for the Wicked," which was included in the video game "Borderlands" and the 2010 movie "The Bounty Hunter."
The band's second album, "Thank You, Happy Birthday," debuted at Number 2 on the Billboard 200 in 2011 and received positive reception from most critics. It was heavily influenced by punk rock and bands like Pixies and Nirvana. The band supported the album with performances on late-night shows and at music festivals like Coachella and Glastonbury. They also toured with the Foo Fighters, and their hit song "Shake Me Down" was nominated for an MTV Video Music Award for Best Rock Video in 2011.
Their third album, "Melophobia," came out in 2013, followed by "Tell Me I'm Pretty," produced by Dan Auerbach, in 2015. Not included in this catalog is "Social Cues," their fifth studio album, released in 2019. Cage the Elephant has won the Grammy Award for Best Rock Album twice, once in 2017 for "Tell Me I'm Pretty" and again in 2020 for "Social Cues".
Regarding their cultural impact, Cage the Elephant is known for subverting expectations and not adhering to traditional rock band narratives. Their album "Social Cues" deals with themes like a breakup and the perils of fame but does so with breezy vibes and funky rhythms. Frontman Matt Shultz emphasizes not being confined to the rock genre or any genre-based titles, reflecting a broader trend in contemporary music.
Cage the Elephant's journey from a Kentucky indie band to Grammy-winning artists is marked by their eclectic musical influences, willingness to evolve, and energetic live performances. Their approach to music, which transcends genre boundaries and embraces change, reflects and contributes to the broader shifts in the contemporary music landscape.
Other Information
Similar Listings. We recently sold another share of this same catalog. Follow the links below to review those sold listings:
Cage The Elephant - Publishing Royalties
Rock Royalties from Cage The Elephant
This catalog will not be automatically added to the Secondary Market of The Exchange. The winning bidder can contact Royalty Exchange to relist.
Financials
Earnings By Period
Half-yearly, as statements report
- Domestic
- International
- Net
Note: The earnings reported above reflect royalties as they have been reported from the multiple payors included in this listing. If one of the payors has not yet paid for a reported period it will not be reflected above. Please see “Other Information” for details.
| Year | 2020 | 2021 | 2022 | 2023 | 2024* |
|---|---|---|---|---|---|
| Earnings | $1,096 | $1,406 | $1,749 | $1,817 | $901 |
* 2024 earnings have not been paid for the entire year.
Works
"Cigarette Daydreams" achieved a robust Compound Annual Growth Rate (CAGR) of 33.78%, indicating a strong upward trend. The song’s percentage of overall earnings has also increased, making it a significant contributor to the catalog's revenue.
"Ain't No Rest for the Wicked" presents a more moderate growth pattern, with a CAGR of 6.23%.
"Come a Little Closer" also shows a significant but erratic increase in royalty earnings, marked by a high CAGR of 36.91%.
"Trouble" experienced a CAGR of 7.59% and "Cold Cold Cold* a CAGR of 9.06%.
| Works | Earnings | Share |
|---|---|---|
| Cigarette Daydreams | $391 | 22% |
| Ain't No Rest For The Wicked | $383 | 22% |
| Come A Little Closer | $301 | 17% |
| Trouble | $270 | 16% |
| Cold Cold Cold | $75 | 4% |
| Other | $325 | 19% |
Income Types
Streaming Mechanical has shown significant growth, with a Compound Annual Growth Rate (CAGR) of 19.05%. The income's share of overall earnings also rose, peaking at 39.44% in Year 5. This suggests a growing preference for streaming services as a revenue generator.
Streaming Performance earned a CAGR of 16.12%, The growth was particularly strong in the initial years, with a significant 23.48% increase from Year 1 to Year 2. However, growth decelerated in the last year, indicating potential maturation. This category maintained a consistent contribution to overall earnings, averaging around 32%.
Synchronization is expectedly volatile with a lower but still positive CAGR of 6.44%.
Streaming Synchronization, the Income Type for YouTube, achieved healthy growth with a CAGR of 17.11%.
Performance has seen a decline with a CAGR of -14.99%, it also witnessed a decreasing percentage of overall earnings, which indicates diminishing importance and effectiveness in revenue generation within this catalog.
| Income Types | Earnings | Share |
|---|---|---|
| Streaming Mechanical | $688 | 39% |
| Streaming Performance | $598 | 34% |
| Sync | $167 | 10% |
| Streaming Synchronization | $141 | 8% |
| Performance | $102 | 6% |
| Other | $47 | 3% |
Sources
Streaming has been the dominant source of revenue, comprising a significant percentage of the overall earnings, averaging 72.6% over the five-year period. The segment shows a Compound Annual Growth Rate (CAGR) of 16.17%, indicating healthy growth.
TV-Film royalties have earned a modest CAGR of 1.72%, reflecting an overall stagnant growth trajectory over the period.
Streaming Video Revenue although starting from a low base, has shown explosive growth, with a CAGR of 100.94%. The growth journey from a mere 0.43% to 4.37% of total earnings underscores a rapidly expanding market acceptance.
Radio royalties, not unexpectedly, have been dwindling, with a negative CAGR of -7.43%. The share of overall earnings from radio has also decreased, reflecting a declining relevance in the current music consumption landscape.
| Sources | Earnings | Share |
|---|---|---|
| Streaming | $1,351 | 77% |
| TV and Film | $177 | 10% |
| Streaming Video | $76 | 4% |
| Radio | $67 | 4% |
| Physical Sales | $37 | 2% |
| Other | $36 | 2% |
* 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.
Media
Included Works
| Work Title | Work ID |
|---|---|
| 2024 | 1243969 |
| ABERDEEN | 1243966 |
| AIN'T NO REST FOR THE WICKED | 1143405 |
| ALWAYS SOMETHING | 1243963 |
| AROUND MY HEAD | 1244457 |
| BABY BLUE | 1466461 |
| BACK AGAINST THE WALL | 1147611 |
| BACK STABBIN BETTY | 1147612 |
| BLACK WIDOW | 1466455 |
| BREAKAGE | 5294473 |