Royalty Update: MRI Selection Catalogue - Payout #2
Royalty payout ID011 - 21 June 2022
The tracks included in the MRI Selection Catalogue (ID011) generated US$218,963.50 in royalties during the reference period of January 2022 – June 2022 (Q1 & Q2 2022).
The auction for the catalogue was completed on November 11th, 2021. Investors on the platform are entitled to royalties for US$7,663.72, corresponding to the 3.50% of the catalogue listed on the platform.
The previous royalty payout - which took place in March 2022 and accounted for royalties generated in Q4 2021 - included proceeds matured by the MRI Catalogue in the pre-auction phase, accounting for US$3,597.07 (US$102,773.47 for the whole catalogue). As investors are entitled to only receive royalties collected after the auction closes, the current payout has been adjusted to US$3,610.97.
As a result, ANote Music investors are receiving €3,371.31 for this second payout, completing the payout for H1 2022 according to the total generated royalties. The figures are based on a 1.07 EUR/USD exchange rate, which takes into account the exchange rate at the time of payout (1.05 EUR/USD) and the banking transaction fees.
Note: the current adjustment is only necessary to align royalties generated with the correct listing period, and investors are still receiving a total of US$9,657.97 over the two payouts distributed in the platform.
Looking to learn more about this music catalogue? Go visit the ANote Music platform, create an account or log in, and discover all financial details and relevant insights about it. Click here to visit the platform.