Royalty Update: Andreas Öberg Catalogue - Payout #1
Royalty payout ID020 - 17 November 2023
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The Andreas Öberg Catalogue (ID020) has received royalties from its underlying distributors: KRW 2,498,305 from Music Cube & Sound Graphics (H1 2023), KRW 16,617,404 from Music Cube (H1 2023), JPY 233,607 from Sound Graphics (H1 2023), and SEK 67,209 from STIM (Q3 2023).
The auction for this catalogue was completed on September 14th 2023. Investors are exclusively entitled to receive royalties that were collected after the auction completion, resulting in the total amount of €6,189.71, corresponding to the 30% of the catalogue listed, pro-quota to the number of shares owned. The KRW/EUR, JPY/EUR and SEK/EUR rates at the time of conversion (including the banking transaction fees) are equal to 0.0007, 0.0063 and 0.0861, respectively.
Note: this payout includes royalties of 3 out of the 4 additional songs included by the rights holder to the catalogue’s repertoire. The royalties of the song “FEEL MY RHYTHM” are not included since they have been received by the rights holder before the end of the auction.
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