Now it’s publicly listed, the Round Hill Music Royalty Fund has to publish regular financial results. This morning, its first set of interim financial results are out, covering the period from its incorporation in early August 2020 to the end of June 2021.
They reveal that the company had invested $342m buying music catalogues by the end of that period, as well as acquiring a 29.1 stake in the parent company of rightsholder Carlin Music. That has helped Round Hill build a catalogue of 118k compositions – around three quarters of which are more than 20 years old – and 750 master recordings.
The financials also show how much money the fund is making from royalties for its catalogues. In the period covered by the filing, it generated publishing income of $12.5m and master recordings income of $3.8m, which with another $1m from Carlin resulted in $17.3m of royalties income overall.
Since the end of June, Round Hill has raised another $86.5m of funding from a share placement, and continued to buy up catalogues.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…