Catalogue Valuation

Fund structures and buyer economics

~12 min interactive lesson

What this lesson covers

• Music IP as an asset class
• Catalogue valuation
• Royalty multiple (NPS)
• Discount rate
• Decay curve
• Catalogue fund structure (GP/LP)
• Leverage and cash yield

Builds on

• Decay curves by source
• Capitalising vs Expensing Advances
• Catalogue Amortisation Policy
• Impairment Testing for Rights & Advances