SoFaygo, Vincemp3 + More Songwriter Royalties

This twelve-title ASCAP performance-rights catalog earns from two engines. The first is streaming performance on hip-hop recordings by SoFaygo, Vincemp3, and Dro Kenji, which drives 83% of LTM primarily through Apple Music and Spotify. The second is broadcast television performance on production-music cues represented by PTMG NEW YORK MUSIC and distributed through APM Music's Driven library. APM is jointly owned by Sony Music Publishing and Universal Music Publishing Group, with catalog placements across major broadcast, film, and video game productions. 

The catalog is anchored by EVERYDAY, a SoFaygo single from December 2020, which still accounts for 72% of LTM. LTM has softened approximately 31% against the prior twelve months as the release cycle matures. Partially offsetting is SCAB, a Vincemp3 single released September 2024 that now contributes 15% of LTM and is growing quarter over quarter.

For an investor, this catalog offers a residual streaming tail on an established hip-hop performer, and periodic broadcast-promo optionality on production-music cues housed inside a top-tier global library. 

"EVERYDAY" and "PRICE" are by SoFaygo, an Atlanta-born hip-hop artist. EVERYDAY was released on his EP After Me on December 17, 2020; PRICE followed on his November 2022 debut studio album Pink Heartz.

SCAB is by Vincemp3, an independent alternative artist with an expanding release schedule across Spotify and Apple Music. The song was released as a standalone single on September 28, 2024.

Three titles — BLOCK BABY, HYPE LIFE, and ROYALTY — are production-music cues represented by PTMG NEW YORK MUSIC, a New York-based music services group handling library placement, publishing administration, and licensing across broadcast television, radio, and digital media. These cues are distributed through APM Music's Driven library. APM Music, jointly owned by Sony Music Publishing and Universal Music Publishing Group.

Earnings Note. The 2Q2024 spike includes approximately $540 from TV promo airplay for the work "ROYALTY" across NBC properties including The Tonight Show Starring Jimmy Fallon, Late Night with Seth Meyers, The Voice, Dateline NBC, and NBC Nightly News. Any similar payments in the future will be payable to the buyer.