Invest & share with Le Vibrazioni the benefits of their next Concert Tours

Image rights are the expression of a personality in the public domain. The provision of image rights in law enables the definition, value, commercial exploitation and protection of image rights associated with a person. Image Rights enables a ‘personnage’ (such as natural and legal persons, joint personalities, groups or fictional characters) to register, protect and exploit for the use of their visual representation. Registration enables the image right to be protected, licensed and assigned.

Image rights can include everything from names, nicknames, likeness, image, photograph, signature, autograph, initials, expressions, statements, endorsements, physical details, voices and other personal characteristics.

Image Rights have legally binding economic rights linked to it, allowing the exploitation of a ‘personnage’. These economic rights lead to royalty generation derived from the image rights in question.

In this case, the image rights of the brand Le Vibrazioni refer to the music and artistic performance of the band during concerts, public performance and public appearance, which will be taking place across the 5-year deal during a Concert Tour organised by A1 Entertainment.

For a period of 5 years (or for as long as you own shares to Le Vibrazioni’s catalogue in your portfolio), you will receive - pro-rata to the percentage of the catalogue you own - a split of the compensation that the band receives each time they participate in a public performance linked to ‘Concert Tour’ and their attached promotional activities. These payouts will take place on a quarterly basis and will account for the royalties earned during the indicated past reference periods.

Similar to royalty distributions for other music catalogues, ANote Music will be distributing the exact amounts straight to the investor’s account and portfolio wallet. The standard fees are applied as is the case for other auctions: 4% when the rights have been acquired during primary market listings, 8% in the case they were traded on the secondary market. For more information on our fees, read more on the dedicated section on our platform.

The contract defines the Concert Tour for the next 5 years and engages the band to perform in 180 public events/concerts, each of them managed and organised by A1 Entertainment. As this is defined in the catalogue contract and is part of the investor’s agreement, all legal aspects are in place to assure the seller to commit to these performances.

[In the exceptional case of heavy health concerns or the death of band members, which would restrain the band to perform and fulfil the agreed commitments, insurances are in place. If the band is unable to perform due to further pandemic restrictions, live performances will get rescheduled for new dates.]

As with any listing on the ANote Music platform, an in depth due diligence process has been executed by our team, carefully analysing and evaluating the historical track record and future roadmap for the catalogue. Following this and in agreement with the rights owner (A1 Entertainment), the initial price has been determined based on the past 3-years average of generated royalties linked to the image rights of the band and has been set at a multiple of 2.77 (over a listing term of 5 years).

This means that if the concert activity is in line with the last 3 years, you are expected to have received your capital back after 2.77 years (equals to just over 2 years and 9 months). The remaining listing period until reaching the5 years mark is expected to deliver royalty distributions as profit. If we break this down and look at an amortization per year, a yearly yield of 20% or higher can be expected to be delivered from investing in this music catalogue. For more concrete royalties reports, please visit the catalogue’s page on the platform.

Unfortunately, the impact of the pandemic has taken a heavy toll on all cultural sectors, including the music industry and event sector. With restrictions measurements being in place around the globe and big public venues being restricted from welcoming spectators, little to no live performances were allowed to take place. This can be noticed in the financial overview of 2020 and 2021.

COVID-19 restrictions are easing up and public events start taking place again, a return to pre-covid levels is expected. As is the case for many artists, La Vibrazioni is eager to perform back live in front of their fans and experience the engagement of live concerts.

Artist First is the first Italian record, physical and digital distribution company. Founded in 2009, they offer an alternative to the Italian music distribution system, offering tailor-made services and products for Italian artists and music entrepreneurs, creating a direct connection to them and the market. Artist First currently has more than 1,500 exclusive publications on their books, either direct or acquired through the label’s distributed 100 gold records, over 50 platinum records, 1 diamond record and 41 entries at number 1 in the ranking. The company is based in Milan and employs 50 collaborators, including employees, agents and visual merchandisers.