ANote Music 2025 performance report: royalties distributed and trading volumes

The story of ANote Music in 2025 was defined by three things: more royalties distributed, more catalogues listed, and more investors trading on the secondary market.

If we had to take a snapshot of the year, it would include numbers like these:

• Over €700,000 in royalties distributed
• 109 royalty distributions (one every three days, on average)
• 9 new music catalogues listed
• Over €10,000,000 between primary and secondary market transaction volume

What these numbers show is simple: ANote Music is a marketplace shaped by opportunities emerging throughout the year.

At the same time, 2025 also marked important milestones for the platform:

• We surpassed 300 total royalty payouts since launch, with 109 distributions in 2025 alone
• We recorded the highest monthly royalty distribution in December 2025, as well as the highest quarterly distribution in Q4 2025

Numbers like these are useful, but they do not always tell the full story on their own.

Reading the data properly means looking beyond totals and understanding when royalties were distributed, how trading activity evolved during the year, and how new listings and secondary market trading contributed to overall transaction volume.

In this article, we provide the key indicators to give you a clear view of how ANote Music’s marketplace evolved through 2025, answering the most relevant questions regarding performance and liquidity:

• Which months saw the highest concentration of royalty distributions? 
• Which quarter recorded the highest royalty distributions in 2025?
• Which new music catalogues were listed in 2025?
• What were the transaction volumes on the secondary market in 2025?

How many royalties did ANote Music pay in 2025?

Which months saw the highest concentration of royalty distributions?

Because music royalties are paid by distributors and collecting societies on different schedules, monthly amounts can vary depending on which catalogues have paid and when payments are reported and processed by each catalogue’s distributors.

• September and December were the strongest months, both exceeding €100,000, with December setting a new record at €120,000 distributed across 14 payouts.
• March and July recorded the highest year-on-year growth, both increasing by more than +100% compared to 2024.
• From Q2 onward, distributions accelerated, with several months in the €60,000–€85,000 range before the year-end peak.

Which quarter recorded the highest royalty distributions in 2025?

While monthly distributions can fluctuate depending on payout calendars, quarterly data helps highlight the broader trend in royalty distributions throughout the year.

• Every quarter in 2025 outperformed the corresponding quarter in 2024.
• Q4 2025 was the strongest quarter, exceeding €200,000 distributed for the first time in platform history.
• Q3 2025 recorded the highest year-on-year growth: +71% in royalties distributed.

How much trading activity was recorded on ANote Music in 2025?

Trading activity on ANote Music comes from two sources of the marketplace: 

• Primary market: New catalogues entering through auctions, and 
• Secondary market: Investors exchanging shares between each other on the secondary market.

In 2025 this activity translated into over €10 million in total transaction volume, highlighting the continuous interaction between new investment opportunities and investor-driven trading.

Which catalogues were listed in 2025?

New catalogues mean new opportunities to invest in music royalties. During 2025, 9 new catalogues were introduced on the ANote Music marketplace.

Each catalogue enters the market through an auction phase, where investors can place bids for shares and benefit from reduced commissions on future royalty distributions on the shares successfully bought in auction.

*The percentage listed reflects the portion of each catalogue available on the ANote Music marketplace as of 31/12/2025. Additional percentages listed in Direct Listing after that date are not reflected in this table.

What were the transaction volumes on the secondary market in 2025?

Alongside new listings, a significant part of activity comes from investors trading shares between each other on the secondary market.

• Over €7 million in transaction volume was recorded on the secondary market in 2025.
• Q3 was the most active period, with €2.5 million in secondary market transaction volume recorded between July and September 2025.

Extending the view beyond 2025

The data throughout this article show how the ANote Music marketplace evolves across the year: royalties are distributed, new catalogues enter the platform, and trading activity in the secondary market shapes price movements over time.

The momentum from late 2025 carried directly into the new year. In April, ANote Music crossed €2 million in total royalties distributed to investors since launch, doubling the amount in 18 months.

Whether you are an experienced investor or just discovering the world of music royalties as an alternative investment, 2025 proved that this asset class offers opportunities for diversification and passive income.

Ready to explore the marketplace?

Analyzing the data is the first step; understanding how to navigate the market is the next. Explore our resources to deepen your knowledge:

• Music royalties explained: what they are and why they matter to investors
• How ANote Music works: a complete guide for investors
• “A best-kept secret”: a long-term investor’s journey into music royalties

*This article is for informational purposes only and does not constitute investment advice. Performance and returns are not guaranteed and may fluctuate over time.

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