{"id":9120,"slug":"catalogue-price-at-disclosed-multiples-by-net-share","title":"What a catalogue would fetch at the disclosed multiples, by annual net share","source":"Computed from the multiple range in this desk's reservoir-disclosed-catalogue-acquisition-multiples dataset, applied to illustrative earnings levels","source_url":"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1824403\/000110465926098354\/tm2623312d1_ex99-1.htm","source_type":"computed","method":"The three multiples applied here are measured, taken from the 17 disclosed acquisitions in this desk's reservoir-disclosed-catalogue-acquisition-multiples dataset: the lowest multiple any of them closed at (10.1 times), the median (14.4 times) and the highest (18.7 times). The annual net share levels down the left are not measured and are not anybody's actual earnings; they are round gridlines chosen by this desk to let a rights holder find the line nearest their own royalty statement. Every price column is the earnings level multiplied by the stated multiple, computed here and not in the prose. The in_observed_population column records whether a deal of that size would have met the published $9,500,000 minimum that defines the population the multiples were measured on. Every row below $500,000 of annual net share is outside that population at every multiple, so the prices on those rows are an extrapolation of a large-deal multiple down to small catalogues, which is exactly the assumption a reader should treat with suspicion.","unit":"usd","license":"Afrobeats Wire's compilation and analysis are licensed CC BY 4.0. Rights in the underlying source data remain with the source named above.","confidence":"medium","retrieved":"2026-11-04 22:43:53","n":6,"first_party":0,"columns":[{"key":"annual_net_share_usd","label":"Annual net share to the owner, USD","type":"number"},{"key":"price_at_10_1x","label":"Price at 10.1x (lowest observed)","type":"number"},{"key":"price_at_14_4x","label":"Price at 14.4x (median observed)","type":"number"},{"key":"price_at_18_7x","label":"Price at 18.7x (highest observed)","type":"number"},{"key":"in_observed_population","label":"Inside the measured population?","type":"text"}],"rows":[{"annual_net_share_usd":10000,"price_at_10_1x":101000,"price_at_14_4x":144000,"price_at_18_7x":187000,"in_observed_population":"No, far below the $9,500,000 floor"},{"annual_net_share_usd":25000,"price_at_10_1x":252500,"price_at_14_4x":360000,"price_at_18_7x":467500,"in_observed_population":"No, far below the $9,500,000 floor"},{"annual_net_share_usd":50000,"price_at_10_1x":505000,"price_at_14_4x":720000,"price_at_18_7x":935000,"in_observed_population":"No, far below the $9,500,000 floor"},{"annual_net_share_usd":100000,"price_at_10_1x":1010000,"price_at_14_4x":1440000,"price_at_18_7x":1870000,"in_observed_population":"No, below the $9,500,000 floor"},{"annual_net_share_usd":250000,"price_at_10_1x":2525000,"price_at_14_4x":3600000,"price_at_18_7x":4675000,"in_observed_population":"No, below the $9,500,000 floor"},{"annual_net_share_usd":500000,"price_at_10_1x":5050000,"price_at_14_4x":7200000,"price_at_18_7x":9350000,"in_observed_population":"Only at the top of the range, and only just"}]}