Buyers pay for songs in multiples of what they earn in a year: several times for steady songs, fewer for young
ones whose money is still falling fast. Put in yours and see the range, how ten years of falling earnings change it,
and the four things that raise it. An estimate, not an offer: nothing you type is saved or sent anywhere.
What you own, what it earns and how old the songs are. The range is what a buyer might pay today, from the
multiples under it, and you can change those too.
$
What reaches you from what you own, after your distributor and anybody you split with.
Every song, every service, together.
cents
How long ago most of the songs that earn came out.
%
An estimate of what it might sell for, as it stands
…
What it might sell for, year by year.The arrow keys read each year. Every number is also in the table under the chart.Every year, as numbers
When
Earns that year
Might sell for
An estimate, not an offer and not an appraisal. It comes from the numbers you put in and the
assumptions on this page. A real buyer reads every statement, every registration and every contract before naming a price,
and theirs can be higher or lower.
What raises the value
A buyer pays less for money they cannot check, or that somebody could argue over. Tick what is already true of
your songs: each one that is not shows what putting it in order could add, on your numbers.
As it stands
With all four in order
Registrations complete
Missing: about 15% off
Every song registered with your PRO (as writer and as publisher) and with The MLC, and every recording claimed at SoundExchange (as the artist and as the owner).
Money nobody is collecting is money a buyer will not pay you for, and they price in the work of claiming it.
Every figure the tool uses, so you can check it or put in your own. These are rules of thumb, not market data:
real buyers differ, and so do catalogues.
The multiples
A buyer pays today for money the songs will earn over the years ahead, and counts each later year for less: money later is
worth less than money now, and it might not come. We count fifty years ahead at 8% a year for a keen buyer and 15% for a
careful one, with the earnings falling as the next table says. For songs ten years old or more that comes to about 5 to 8
times a year's earnings; for songs just out, about 2 to 3, because most of their money is still to fall away.
The songs are
Earn less each year
A buyer pays, in good order
Just out
40%
2.1 to 3.2 times
1 year old
26%
3.1 to 4.7 times
2 years old
17%
3.8 to 5.9 times
3 years old
12%
4.2 to 6.6 times
5 years old
7%
4.7 to 7.5 times
10 years or more
4%
5.1 to 8 times
Multiples are said to one decimal and used as said. Put in your own and the years ahead move with yours.
How fast the money falls
A starting guess, from the shape most catalogues follow: songs earn most just after release and fall fast once the
release is over, and old songs barely move. Each year after, the songs are a year older and fall a little slower. If your
statements say something else, put in theirs: the years after ease from your figure the same way. It never goes below
zero here, because a buyer does not pay for growth that has not happened yet.
What a buyer takes off
For each of the four things that is not in order, a share comes off the price. They come off one after another, so with
all four missing a buyer pays about half (52%) of the price in good order.
Registrations not completeabout 15%
Splits not cleanabout 15%
Metadata and codes missingabout 10%
No steady earnings historyabout 20%
Streams into a year's earnings
Your streams a month, times twelve, times what one stream pays you. The starting figure is the bottom of a typical mix of
services, the same one What do streams pay? uses: 0.35 cents a stream for the
recordings, 0.12 for the songs, 0.47 for both. Plan around the bottom: a buyer will.
What it leaves out
Tax, the fee of anybody who sells the catalogue for you, a buyer's own costs, money still owed back to a label or a
distributor, a sync or a hit that has not happened yet, and anything that is not in the statements.
Not an offer, not an appraisal
Nothing on this page is an offer to buy your songs, and it is not an appraisal: it is arithmetic on the numbers you put
in and the figures above. Selling is for good, so before you sell anything, get more than one offer and have a music
lawyer read the deal.
The real audit
Song by song, in the Catalogue tool
This page works from one number and four ticks. The Catalogue tool goes through every song: every way it can pay you and
whether it does, the splits and codes a buyer checks first, what to fix first, and the money not reaching you, in dollars.