Starting today, you can invest in a unique manager’s share of sound recording royalties generated by the entire epic catalog of rock legends Dire Straits, as well as the solo catalog of former members Mark Knopfler and John Illsley.
This catalog has been earning royalties since the band released their first album in 1978. Since the beginning, the band sold 140 million records around the world, won four Grammy awards, and was inducted into the Rock & Roll Hall of Fame this year.
The royalties aren’t shabby either.
Although the band broke up in 1995, this catalog keeps earning royalties, and will for the life of the copyright. In fact, the catalog’s royalties grew 60% over the last 2 years.
Keep reading to learn all of the details of the catalog, including the financials, and how you can take part in this offer. (...)
This catalog has been earning royalties since the band released their first album in 1978. Since the beginning, the band sold 140 million records around the world, won four Grammy awards, and was inducted into the Rock & Roll Hall of Fame this year.The royalties aren’t shabby either.
Although the band broke up in 1995, this catalog keeps earning royalties, and will for the life of the copyright. In fact, the catalog’s royalties grew 60% over the last 2 years.
Keep reading to learn all of the details of the catalog, including the financials, and how you can take part in this offer. (...)
About the Offering
This Private Syndicate investment opportunity features access to the manager’s commission of sound recording royalties earned by the complete recording catalog of legendary British rock band Dire Straits, as well as certain solo releases from band members Mark Knopfler and John Illsley.
This includes all six studio albums (most notably, the smash Brothers In Arms), hits like “Sultans of Swing,” “Money For Nothing,” and “Walk of Life” (along with their music videos), live albums, and any existing or future best-of compilations.
It also includes solo work of frontman Mark Knopfler, which among other releases includes soundtracks to movies like the beloved classics “The Princess Bride,” “Local Hero,” "Wag the Dog," and others. Click here for a list of the full catalog
Like all iconic catalogs — Dire Straits is actually growing faster than the industry at large. We want to bring you assets like this, and that’s why we’re so excited to announce this offer. Popular songs come and go, but classics like those in the Dire Straits catalog have uncommon longevity. As you’ll see in the Financials section below, this catalog’s earnings are not only still growing, but are outperforming the growth of the broader music industry.
Buying units of this Syndicate entitles you to these growing earnings generated from an epic music collection that stands the test of time. We are projecting a 10-year annualized IRR between 12%-15%.* (...)
Unique Earnings
These earnings have several unique elements worth noting.
First, they take the form of the manager’s commission earned by Dire Straits’ and Mark Knopfler’s former manager Ed Bicknell. Unlike typical manager agreements, where commissions expire in the early years after the management contract ends, Mr. Bicknell’s commission lasts for the perpetuity of the copyright — the lifetime of the author plus 70 years. This management agreement has been updated to ensure the Private Syndicate receives these commissions going forward, per an amendment signed by Knopfler and Illsley.
Under this scenario, the Syndicate will own 85% of all payments collected through this agreement as of July 1, 2018.
Second, the catalog collects public performance royalties on the sound recording from terrestrial radio airplay (called neighboring rights) outside the United States. The U.S. is one of the few countries that does not pay public performance royalties on terrestrial radio airplay, and as such U.S. recording artists don’t receive the same for radio airplay outside the U.S. But since Dire Straits is a U.K. act, it receives this royalty for radio airplay outside the U.S.
This is significant because Dire Straits is proportionally more popular outside the U.S. than it is domestically. According to an analysis by ChartMasters.org, the band's European sales alone are nearly triple that of its U.S. sales, which speaks volumes to international demand.
by Private Syndicate, Royalty Exchange | Read more:
Image: Dire Straits, Brothers in Arms
This Private Syndicate investment opportunity features access to the manager’s commission of sound recording royalties earned by the complete recording catalog of legendary British rock band Dire Straits, as well as certain solo releases from band members Mark Knopfler and John Illsley.
This includes all six studio albums (most notably, the smash Brothers In Arms), hits like “Sultans of Swing,” “Money For Nothing,” and “Walk of Life” (along with their music videos), live albums, and any existing or future best-of compilations.
It also includes solo work of frontman Mark Knopfler, which among other releases includes soundtracks to movies like the beloved classics “The Princess Bride,” “Local Hero,” "Wag the Dog," and others. Click here for a list of the full catalog
Like all iconic catalogs — Dire Straits is actually growing faster than the industry at large. We want to bring you assets like this, and that’s why we’re so excited to announce this offer. Popular songs come and go, but classics like those in the Dire Straits catalog have uncommon longevity. As you’ll see in the Financials section below, this catalog’s earnings are not only still growing, but are outperforming the growth of the broader music industry.
Buying units of this Syndicate entitles you to these growing earnings generated from an epic music collection that stands the test of time. We are projecting a 10-year annualized IRR between 12%-15%.* (...)
Unique Earnings
These earnings have several unique elements worth noting.
First, they take the form of the manager’s commission earned by Dire Straits’ and Mark Knopfler’s former manager Ed Bicknell. Unlike typical manager agreements, where commissions expire in the early years after the management contract ends, Mr. Bicknell’s commission lasts for the perpetuity of the copyright — the lifetime of the author plus 70 years. This management agreement has been updated to ensure the Private Syndicate receives these commissions going forward, per an amendment signed by Knopfler and Illsley.
Under this scenario, the Syndicate will own 85% of all payments collected through this agreement as of July 1, 2018.
Second, the catalog collects public performance royalties on the sound recording from terrestrial radio airplay (called neighboring rights) outside the United States. The U.S. is one of the few countries that does not pay public performance royalties on terrestrial radio airplay, and as such U.S. recording artists don’t receive the same for radio airplay outside the U.S. But since Dire Straits is a U.K. act, it receives this royalty for radio airplay outside the U.S.
This is significant because Dire Straits is proportionally more popular outside the U.S. than it is domestically. According to an analysis by ChartMasters.org, the band's European sales alone are nearly triple that of its U.S. sales, which speaks volumes to international demand.
by Private Syndicate, Royalty Exchange | Read more:
Image: Dire Straits, Brothers in Arms
