How Citrin Cooperman Can Help
Citrin Cooperman’s Music Economics and Valuation Services group possesses a unique knowledge of all the material drivers for music publisher and recorded master revenue flows, including performance/ mechanical/ synchronization for publishing, and streaming/ physical/ licensing for masters.
As a consequence of its deeply rooted relationships with nearly all market players, the Music Economics and Valuation Services group has an insider’s view of the changing strategic landscape affecting the music publisher and recorded music communities.
The Massarsky Group at Citrin Cooperman is formally accepted as a third-party valuation expert for U.S. commercial lenders, including Truist, City National Bank/RBC, Pinnacle Bank, Regions Bank, Fifth Third, and First Horizon. In addition, private equity funds seek the group’s expertise for both the most current understanding of the music industry as well as performing their critical third-party valuation needs.
In the last twelve months alone, the team has conducted over $6.5B in unique music catalog valuations.
As a consequence of its deeply rooted relationships with nearly all market players, the Music Economics and Valuation Services group has an insider’s view of the changing strategic landscape affecting the music publisher and recorded music communities.
The Massarsky Group at Citrin Cooperman is formally accepted as a third-party valuation expert for U.S. commercial lenders, including Truist, City National Bank/RBC, Pinnacle Bank, Regions Bank, Fifth Third, and First Horizon. In addition, private equity funds seek the group’s expertise for both the most current understanding of the music industry as well as performing their critical third-party valuation needs.
In the last twelve months alone, the team has conducted over $6.5B in unique music catalog valuations.
Valuation
Our rigorous, data-driven valuation approach is applied to a variety of characteristics inherent in different catalogs:
• Earnings lifecycle of songs, from release to peak to steady state
• Earnings lifecycles of music in films, from release to peak to steady state
• Earnings lifecycles of music in TV shows, through different distribution platforms
• Steady state growth rates by income type
• Value add from active exploitation of copyrights (i.e., territorial expansion, pro-active synch licensing, renegotiated agreements, monitored uses, registrations, etc.)
• Pipeline
• Futures
• Reversions
• Advances and guarantees
• Public Domain
• Discount rate
• Earnings lifecycle of songs, from release to peak to steady state
• Earnings lifecycles of music in films, from release to peak to steady state
• Earnings lifecycles of music in TV shows, through different distribution platforms
• Steady state growth rates by income type
• Value add from active exploitation of copyrights (i.e., territorial expansion, pro-active synch licensing, renegotiated agreements, monitored uses, registrations, etc.)
• Pipeline
• Futures
• Reversions
• Advances and guarantees
• Public Domain
• Discount rate
Valuation
Litigation
The Music Economics and Valuation Services group is frequently called upon to perform damages analysis and provide testimony for copyright infringement lawsuits in music publishing and recording. As part of this work, damages for both traditional and digital infringement across media types are evaluated. We thoroughly assess and describe the relevant market, including all present levers as well as our client’s market position. Utilizing our expertise and credibility, we consistently aid clients in achieving successful outcomes to contract disputes through affirmation or rebuttal of damage assessments.
Associations and Collectives
Our clients benefits from the team’s long term relationships with significant music industry groups:
• Recording Industry Association of America
• SoundExchange
• SESAC
• Society of Composers, Authors and Music Publishers of Canada
• National Music Publishers’ Association
• Phonographic Performance Company of Australia Limited
• Production Music Association
• Recording Industry Association of America
• SoundExchange
• SESAC
• Society of Composers, Authors and Music Publishers of Canada
• National Music Publishers’ Association
• Phonographic Performance Company of Australia Limited
• Production Music Association
Industry Accolades
• Variety "Business Managers Elite"
• The Hollywood Reporter "Power of Business Managers"
• Trusted Advisor "Future of Business Management"
• Billboard “Top Business Managers”
• The Hollywood Reporter "Power of Business Managers"
• Trusted Advisor "Future of Business Management"
• Billboard “Top Business Managers”
Music Economics and Valuation Services Leaders
Music Economics and Valuation Services Insights
Insights
February 24, 2023
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