Catch Point Rights Partners, the private equity music rights acquisition firm that has purchased the releases of artists/songwriters and/or producers such as Brantley Gilbert, Yelawolf and All Time Low, is now offering a program through which it will purchase performance rights for revenue streams by songwriters while allowing them to retain ownership and control of all their other publishing rights.
Since due diligence in acquiring musical assets is a research-intensive, time-consuming process, buyers typically want to look at catalogs that generate significant income streams, leaving out songwriters and artists whose incomes do not achieve significant levels of profit. But with this move, Catch Point sets a minimum level of $50,000 in annual royalties from the performing rights organization (PRO).
“Catch Point's Songwriter PRO program helps songwriters unlock value and generate liquidity from their performance royalties,” Catch Point Co-Founder/Partner Richard Conlon he said in a statement. “The process is simple and transparent. This new offering complements our success in acquiring dozens of catalogs in the music rights space to date. We're excited to expand our services to the songwriting community with this new program.”
Additionally, just as “streaming has helped level the playing field and access to audiences for music creators…we want to do the same for access to funding,” Conlon added. Catch Point's new PRO program makes it easier for most working songwriters, not just the top 10% or 15% of earners, to unlock liquidity in their public performance rights, according to the company.
While the four-year-old company typically considers catalogs with an annual revenue level of at least $200,000, the company says that through a combination of its proprietary internal analytics systems and deep knowledge of the music publishing ecosystem, the company can now effectively transact with lower annual PRO royalties of $50,000 for musical works commercially released in 2017 or earlier. The program uses an online interface combined with a standard form agreement to facilitate the process. The final valuation paid to songwriters benefiting from the program will be determined by Catch Point.
from our partners at https://www.billboard.com/business/publishing/catch-point-program-performing-rights-royalties-songwriters-income-streams-1235611305/
