Summer royalty payouts with an average yield of 9.48%

During the summer, we paid out royalties for four songs, three of which yielded over 10%. The top performer was "Lost Control" by Alan Walker & Sorana, with a yield of 11.13%. Next was "Hunter" by Galantis, which generated a yield of 10.37%, followed by "We Don’t Have To Take Our Clothes Off" by Ella Eyre, with a yield of exactly 10.00%. Kevin Walker’s "Lonely Street," part of the closed beta launch, provided investors with a yield of 6.40%. Investors who participated in the initial music offerings for all four songs achieved an average yield of 9.48%, while those who invested in the three offerings available after MasterExchange’s launch saw an average yield of 10.50%.

The songs were released between four and eleven years ago, with "Lonely Street" being the most recent and "We Don’t Have To Take Our Clothes Off" the oldest. Older songs tend to have a more stable streaming curve, as they are more likely to have passed the volatile stages of a song’s streaming lifecycle.

Please note that yield percentages are based on the share price from the Initial Music Offering and are calculated annually. Additionally, different songs may have varying payout frequencies, which can occur quarterly, bi-annually, or annually.