Music Royalties Landscape
Long-tail vs Blue Chip
77 BPM focuses on “long tail” music catalogs. These can include catalogs currently owned by legacy artists, cult artists and those in the so-called underground.
In contrast, the industry leaders focus on “blue chip” artists and songwriters. These are the gold, platinum and diamond sellers - the hitmakers. They’re the headline-grabbers with names like Bruce Springsteen, Whitney Houston, Bob Dylan, Bob Marley, etc.
The industry has focused on these artists because that’s where market revenue has historically been concentrated.
77 BPM’s thesis is that long tail artists remain underappreciated by the market’s leaders and present a significant opportunity.