A music catalogue is a collection of songs or musical works that generate royalties.

It can include songs from a single artist, songwriter, producer, or a mix of contributors. Each time one of those songs is streamed, played on the radio, used in media, or performed live, it generates royalty income.

On ANote Music, these catalogues are made available by rights holders who decide to sell a portion of their future royalties. When you buy shares in a catalogue, you earn a percentage of the royalties it generates – based on how many shares you own.

Each catalogue listed on the platform includes:

• Historical royalty data
• Number of songs
• Rights involved (e.g. publishing, master, writer’s share)
• Royalty payment frequency

When you buy 1 share of a music catalogue on ANote Music, you own the right to receive a proportional part of the royalties that catalogue generates (a royalty interest).

This doesn’t mean you own the songs themselves — but you’re entitled to a percentage of the future royalty payments linked to that catalogue, based on how many shares you hold.

For example:

If a catalogue has 10,000 total shares, and you own 1, you’ll receive 1/10,000 of each royalty payout.

Everything is handled automatically on the platform: royalties are collected from official sources (like streaming distribution services or rights organisations) and distributed to you.

You can purchase shares on ANote Music through several options available on the Marketplace:

• Auctions – When a music catalogue is listed for the first time, it’s available through an auction for a limited period. You can place bids to compete for shares directly from the rights holder.
  
• Tradable catalogues – After the auction closes, catalogues move to the secondary market, where users can buy and sell shares with each other at market-driven prices.
  
• Bundles – For a quicker way to build your portfolio, bundles allow you to purchase a selection of shares from top-performing catalogues in one click — without choosing individually.
  

Exclusive offers – Reserved for Backstage Pass holders, these limited-time offers provide access to discounted shares, often listed directly by rights holders.

Royalties are received by ANote Music and automatically distributed to your account based on the shares you own.

Depending on the catalogue, payouts may occur monthly, quarterly, or semi-annually. When a royalty distribution happens, your earnings will appear directly in your ANote Music account - no action needed on your side.

Once received, you can:

• Keep the funds in your e-wallet and use them to buy more catalogue shares
• Withdraw them to your linked bank account at any time

ANote Music applies fees only when you receive royalties. Other costs may apply when uploading funds, depending on your chosen payment method. Here’s how it works:

Royalty distribution fee

A fee is applied to the royalties you receive:

• 4% if the shares were originally acquired through an auction.
• 8% if the shares were acquired on the secondary market.

This fee is deducted from the royalties you receive and is capped at 0.5% of the catalogue value per payout.

Upload fees

When you add funds to your e-wallet, a small fee may be applied by the e-wallet service provider and the payment system you use (e.g. credit card, bank transfer).

These are not charged by ANote Music directly, and you’ll always see the fee amount before confirming a transaction.

As a welcome offer, ANote Music covers upload fees for the first 7 days after you create your account.

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Each catalogue on ANote Music comes with detailed data and analytics to help you understand its key characteristics.

Here’s what you can review:

• Historical royalties – See how much the catalogue has earned over time, including payout frequency and consistency.
  
• Historical return & IRR – The internal rate of return (IRR) based on past royalty income, as an indicator of historical performance.
  
• Song popularity – data on streaming volumes, radio plays, and other activity where available.
  
• Rights type – Which rights are included (e.g. publishing, master, writer’s share), as this affects where the royalties come from.
  
• Listing term & residual life – How long shares will remain active on the platform and how many future payouts are expected.
  
• Market context – Indicators like genre trends, catalogue age, or sync potential in today’s media environment.
  

While our platform provides tools to support informed decisions, all catalogue data reflects historical performance and should not be relied upon to predict future results.

All payments and financial transactions on the platform are managed by Mangopay SA, a regulated e-money institution supervised by the CSSF (Commission de Surveillance du Secteur Financier), the public authority in Luxembourg responsible for supervising financial products and services.

Investor funds are held in segregated wallets, ensuring separation from ANote Music’s own assets.

Learn more here: https://support.anotemusic.com/how-do-you-manage-money

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The ANote Music Index tracks the overall performance of all catalogues listed on the ANote Music platform, reflecting both price changes and royalties paid. It offers a market-wide perspective by illustrating the cumulative return of all available catalogues at any time. It is calculated as the weighted average of catalogue price returns and royalty returns, assuming reinvestment of royalties into available catalogues. Over time, cumulative catalogue returns on ANote Music have demonstrated competitive performance compared to traditional financial market indexes, including real estate benchmarks.

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Disclaimer: Past performance is not a guarantee of future returns. The value of royalties will fluctuate over time, and you may gain or lose money.

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