GC, Izzo, + more - Songwriting Royalties

This asset features the public performance royalties for a group of early-2020s R&B recordings, collected by BMI. The recordings are now five to six years old, well past the usual steep drop-off a new release runs through, and the income has settled into a steady rhythm rather than fading. It held its level through 2025 and grew in its most recent quarter.

How it earns is where the catalog shows its shape. Almost all of the income, about 99%, is earned outside the United States. South Korea alone is roughly 44% of the last twelve months, with Japan at 13% and Germany at 11% behind it. On the track side, a single song, "Pretty" by GC, accounts for about 75% of recent earnings, and GC's three songs together make up more than 90%. 

That audience has a history worth understanding. "Pretty" built an international following that crested in 2024, when the catalog earned about $25,700 as foreign performance royalties arrived in a wave. The wave receded, and the last twelve months earned $17,277, just below the three-year average of $17,620. 

Inside 2025, though, the income steadied in a band of roughly $3,900 to $4,800 a quarter, and the most recent quarter was the strongest of the year. That gain was led by "Bloom," which more than tripled its quarterly take as it reached newer markets such as Taiwan and Israel, while "Pretty" held firm. Coming after the 2024 wave had already passed, it reflects fresh listening rather than a leftover from the spike.

For an investor, the appeal is steadiness in a simple package. Streaming pays this catalog every day from an audience that holds on and travels. The songs are seasoned enough to offer a track record rather than a forecast. The result is a proven performance stream that has found its floor and is still adding listeners abroad.

This catalog centers on a small group of GC's late-2010s and early-2020s R&B recordings that found their largest audiences overseas, particularly in South Korea, Japan, and Germany.

The anchor is "Pretty" (2020), a smooth, understated R&B single that became the catalog's defining earner by a wide margin and remains the reason this asset exists. Two more GC tracks fill out the core, the warm "Adore" (2020) and the slightly older "Bloom" (2019), giving the catalog a consistent sound and a single creative voice. 

The main contribution from outside that core is the atmospheric "Serendipity" (2022) by IZZO.

The result is a tight, stylistically coherent catalog of mood-driven R&B, built less on breadth than on one writer's reach into international streaming audiences.