Portugal. The Man - Songwriter Royalties

Nine years after "Feel It Still" became inescapable, it is still the largest single-earning song in this catalog, and it has barely moved. It eased under 4% over the past year and posted its strongest quarter of the period in 4Q2025. Portugal. The Man spent more than a decade playing psychedelic rock to a devoted cult audience before that record made them a global act, reaching the top 10 in 18 countries, earning seven-times platinum certification from the RIAA, and winning the 2018 Grammy for Best Pop Duo/Group Performance. This asset holds a share of the composition performance royalties across 22 of their songs, from the 2013 material through a 2025 release, paid whenever those songs are played publicly.

Streaming is the engine at 42.7% of the last twelve months, and it is the line that rebuilt the catalog. It more than doubled off its 2021 floor, compounding at 20.3% a year across the trailing five years. Film and television is the second leg. "Feel It Still" appeared in both Peter Rabbit films, Love, Simon, Purple Hearts and Ghosted, and it has been placed in The Good Doctor, Grey's Anatomy, 9-1-1 and Suits, as well as NFL and MLB broadcasts. "Dummy" landed in the 2023 rom-com Anyone But You and still earns more from film and television than from streaming. Across the catalog, Film & TV is 12.6% of the last twelve months.

For an investor, the shape of this catalog is compelling "Feel It Still" is the largest position in the asset and also its broadest earner, spread across four income lines and dozens of territories, so the weight sits on the most diversified line. Behind it is a band still in full production: a tenth studio album in November 2025, thirteen countries across Europe and the UK in early 2026, US amphitheaters through the summer, including the Hollywood Bowl.

Portugal. The Man formed in Wasilla, Alaska in 2004 and now rank among the most commercially successful American alternative rock acts of the last decade.

The catalog's largest song is "Feel It Still," from Woodstock (2017), which reached number four on the Hot 100, spent a record 20 weeks atop Billboard's Alternative Songs chart, earned seven-times platinum certification from the RIAA, and won the 2018 Grammy for Best Pop Duo/Group Performance. "Live in the Moment," the follow-up single from the same album, is gold-certified and topped both the Adult Alternative Songs chart in January 2018 and the Alternative Songs chart that March. "So Young" also dates from that period.

"Dummy" and "Summer of Luv" both come from Chris Black Changed My Life (2023), produced largely by Jeff Bhasker. "Dummy," the lead single, spent nine consecutive weeks in the top 10 at alternative radio and was later placed in the 2023 romantic comedy Anyone But You. "Summer of Luv" features New Zealand psych-pop act Unknown Mortal Orchestra.

Similar Listings: Another share recently sold for 16.67 x the last 12 months earnings.