Welcome to a suitable asset class for new investors in music rights

Music as an asset class

Initial definition of music rights

Music primarily consists of two types of rights: master rights, which pertain to the actual recording, and publishing rights, which cover the composition, including lyrics and melody.

Genre pie chart
Music as an asset class

We focus on passive master royalties, a subset of the royalties generated from the master right

Labels agrees to direct a portion of all future master-related royalties to key creators. These royalties are known as passive master royalties or master points since they do not require active management.Since the label is actively managing the music, passive points are suitable for investors who want exposure to music assets without having to pay attention to the operational aspects of active music management.
Master royalties screenshot

Why music?

Revenue growth graphRevenue growth graph
The music industry is growing. Global master right revenues is estimated to reach $50 billion by 2030 (based on net revenues), while the music streaming industry is projected to grow at an annual rate of 10%, reaching a value of $73 billion by 2030.1
Consumer spending graph
Stable returns over business cycles. Recorded music, as an asset class, has seen low correlation with traditional markets and has demonstrated stable performance and growth through various macroeconomic cycles for over a decade.2, 3
Song maturity graph
Long-term returns.Long-term returns. Popular music that stand the test of time, also known as evergreens, are likely to generate streams over extended periods, offering a stable and enduring source of royalty returns.
Source:1. Goldman Sachs. Music in the Air. Equity research. 20242. Goldman Sachs. Music in the Air. Equity research. 20223. IFPI Global Music Report 2024
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The MasterExchange Catalog
13 Tracks

The MasterExchange Catalog

The catalog features all 13 tracks listed on MasterExchange and includes several critically acclaimed hit songs, such as How Deep Is Your Love by Calvin Harris & Disciples (1.2bn Spotify streams), Boss Bitch by Doja Cat (0.9 billion Spotify streams), and Fingers Crossed by Lauren Spencer Smith (0.45 billion Spotify streams).

Need further advice? We recommend the independent advisor David Ravden

David Ravden, a Chartered Accountant since 1972, has been a leading music industry adviser and copyright royalty expert for over 40 years, representing artists such as The Beatles, the Gershwin Estate, Madonna, and Duran Duran. He co-founded the renowned UK music business firm Martin Greene Ravden, now MGR Weston Kay LLP. Ravden has advised on numerous publishing and record catalog sales, refinancing, and legal disputes, and has served as an expert financial witness in high-profile cases, including George Michael v Sony and Frankie Goes to Hollywood v ZTT Records.
David Ravden
Contact informationdavid@ravdenmedia.com
For detailed information on fees and services, we recommend contacting David Ravden directly.

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