"Santa" by Rvssian, Rauw Alejandro, Ayra Starr - Songwriting Royalties

This asset includes the public performance royalties for "Santa," a global hit by Rvssian, Rauw Alejandro, and Ayra Starr. Structured as a fixed-return advance, the buyer collects royalties until it earns $125,000. That structure is the answer to a familiar question about newer songs: how do you price an asset with eighteen months of earnings and no long-tail floor, yet to be verified? You don't price the long tail at all. You price a defined return.

The song has already done real work. Within months of release, "Santa" was earning royalties from listeners in more than 100 countries — the U.S. accounting for the majority, Spain a strong second at roughly one in every six dollars, and a long tail running through Mexico, the Netherlands, Italy, France, Germany, and Australia. The source mix has rotated since release. Radio was the dominant channel at launch and now accounts for 29% of trailing earnings. Streaming is now the largest source at 51% of LTM, even as quarterly distributions continue to step down from a Q2 2025 high.

The trajectory is the trajectory. Recent quarterly earnings are running at roughly a fifth of the launch-quarter peak, the typical arc of a new release as initial radio adds and playlist features age out. Eighteen months of history doesn't verify where the steady state ultimately lands, and that is the central risk.

For an investor, the upside is contractually defined, and the return amount is bounded. The variable that matters is run-rate durability over the next several years, not the long-tail uncertainty that makes newer single-song catalogs hard to price.

"Santa" is a 2024 Latin-Afrobeats single by Jamaican producer Rvssian, Puerto Rican singer Rauw Alejandro, and Nigerian star Ayra Starr, released in April of 2024 on Sony Music Latin and later featured on Ayra Starr's The Year I Turned 21 and Rauw Alejandro's Cosa Nuestra: Capítulo 0. It hit No. 1 in Spain, Peru, and Bolivia, No. 7 on the US Hot Latin Songs chart, and No. 24 on the Billboard Global 200, earning 16× Platinum (Latin) in the US, 5× Platinum in Spain, and 4× Platinum in Mexico. The song also helped Ayra Starr become the first Nigerian female artist to pass 20 million monthly Spotify listeners, and is widely seen as a standout example of the Afrobeats–Latin crossover.

How This Investment Works. As the winning bidder, you will collect 100% of payments until you receive the fixed amount of $125,000 from this asset. 

Early Repayment. The seller of this asset can repay the remaining advance balance at any time.

This catalog cannot be added to the Secondary Market of The Exchange.