Round Hill Music Royalty Fund Limited has acquired what it calls a “significant” share of the publishing rights of American country singer/songwriter, Niko Moon.
The deal comprises 29 compositions, including songs performed by Zac Brown Band, Avicii, and Sir Rosevelt.
The catalog includes the number one Zac Brown Band hits Homegrown, Keep Me in Mind, Heavy is the Head, Beautiful Drug and Loving You Easy.
Heavy is the Head was the second single released from Zac Brown Band’s fourth studio album, Jekyll + Hyde and was used as the theme for the 2015 Major League Baseball season.
The song has also appeared in the video game WWE 2K16
The No.1 Zac Brown Band hit, Loving You Easy is co-written by Al Anderson, a catalog already owned by the company.
Niko Moon is signed to Sony Music Nashville/RCA Nashville.
He has written songs for numerous artists in the genre including Dierks Bentley, Zac Brown Band, Rascal Flatts, and Morgan Wallen.
He was also a member of the group Sir Rosevelt with Zac Brown and Ben Simonetti. In 2021, Moon earned the Songwriter Of The Year award at the SESAC Nashville Music Awards.
The company’s acquisition encompasses 29 compositions of publishing rights from Niko Moon.
According to Round Hill, the catalog has a revenue mix of 37% Mechanical, 52% Performance, 10% Sync and 1% Other.
In terms of geographical exposure, 84% of the revenue is from the US, while the balance is from other countries.
The top songs ranked by revenue are: Homegrown, Keep Me in Mind, Heavy is the Head, Beautiful Drug and Loving You Easy.
Round Hill says that all figures above are based on the catalog’s royalty statements in the calendar years 2018 to to the first half of 2021.
Additionally, Round Hill says that it is unable to disclose financial details “due to commercial sensitivities” but notes that it will make further financial disclosures on completion of the investment of proceeds from its C Share fundraise of $86.5 million, “together with the remaining undrawn balance of its existing revolving credit facility”.
“This acquisition will bolster the portfolio’s country and pop assets, further diversifying the portfolio by genre and income type.
Trevor Bowen, Round Hill Music Royalty Fund
Trevor Bowen, Chair of Round Hill Music Royalty Fund, said: “We are pleased to announce the acquisition of this important catalogue. This acquisition highlights Round Hill’s ability to source and acquire attractive catalogs in a highly diverse array of music markets.
“This acquisition will bolster the portfolio’s country and pop assets, further diversifying the portfolio by genre and income type.
“The Board believes these assets to be in a highly valuable music genre for the Company’s exposure to quality writers like Niko Moon due to Country’s typically longer average duration cash flows.”
“We are delighted to have secured this superb catalogue, adding further timeless classics and number 1 hits to RHM’s portfolio.”
Josh Gruss, Round Hill
Josh Gruss, Chairman and CEO of Round Hill, the Company’s investment manager, added: “Niko is a much sought after songwriter and an acclaimed performer in his own right. His unique gift and authentic love of music marks him out as an elite talent among his peers.
“We are delighted to have secured this superb catalogue, adding further timeless classics and number 1 hits to RHM’s portfolio. We look forward to updating Shareholders imminently on our near-term pipeline of exciting opportunities.”
“I wanted these songs to go to an organization that values the music as much as I do, and Round Hill is definitely that place.”
Niko Moon
Niko Moon said: “I am so happy to be doing this deal with Round Hill.
“I wanted these songs to go to an organization that values the music as much as I do, and Round Hill is definitely that place.”
In September, Round Hill Music Royalty Fund (RHM) Limited acquired 100% of the master royalty income of 532 original recordings from American classic R&B group, The O’Jays.
Also in September, RHM acquired a catalog from Tim Palmer, a British record producer, guitarist and songwriter of rock and alternative music.Music Business Worldwide
