Round Hill Music Royalty fund diversifies exposure with acquisition of The O'Jays' catalogue

100% of the master royalty income

The Round Hill Music Royalty fund (RHM) has acquired 100% of the master royalty income of US R&B group The O’Jays, comprising 532 original recordings, for an undisclosed amount.

The board said that Round Hill's acquisition will diversify its portfolio, giving it increased exposure to classic R&B and soul. Streaming accounts for 64% of revenue mix in the catalogue, with the balance being comprised of 3% physical, 10% download, 17% sync, while 6% comes from other sources, according to the catalogue's royalty statements in the calendar years 2018-2020. In terms of geographical exposure, 88% of the revenue is from the US, while the balance is from other countries, it said. Round Hill Music Royalty Fund makes first acquisition as it explores further fundraising...