Luxembourg, 23 August 2023 - ANote Music (“ANote”), Europe’s leading marketplace for investing in music royalties, has announced that internationally-renowned songwriter and producer Andreas Öberg, known as the Swedish King of K-pop, will list a portion of his songwriting and publishing royalty interest on the ANote Music platform.
The news marks an exciting milestone as ANote’s first listing of an Asian Music catalogue, featuring more than 50 songs written and produced by Öberg, including mega hits from the K-pop and J-pop music scenes.
Öberg is a multi platinum-awarded songwriter, producer and guitarist with more than 17 million singles and albums sold throughout his career. He has a phenomenal record of being involved in chart-topping hits: more than 30 songs Öberg has written or produced have reached No1 in the Japan charts, with more than 20 in South Korea.
The K-pop market has exploded in popularity in recent years. Japan was the second largest music market in the world in 2022, with Korea seventh. The genre is also growing internationally: the Korea Times report that export sales of K-Pop albums grew by 17.1% in the first half of 2023 to $132.9m, with sales in the US overtaking sales in China.
The catalogue, listed for the entire Life of Rights, is valued at €750,000 and has generated average annual royalties of more than €85,000 in the last three years. Öberg will list 30% of the songwriting and publishing royalties derived from songs he has written and produced, with the first royalty distributions from the catalogue expected within three months of the closing auction date.
The catalogue includes collaborations with household names from the world of K-pop and J-Pop, including EXO, Red Velvet, NCT Dream, TAEYEON and SHINee. Songs from the catalogue have a combined total of more than 380 million streams on streaming platforms.
Commenting on the listing, ANote Music CEO Marzio Schena said: “Bringing a K-Pop catalogue to the ANote Music platform has long been an ambition of ours, and we are thrilled to be working with Andreas on this listing. K-Pop as a genre is enjoying a meteoric rise and continuing to grow internationally. There are very few places where music fans can invest into Asian music catalogues, and we are sure our investor community will be excited by this opportunity to engage with a new market.”
Andreas Öberg said: “I am thrilled to partner with ANote Music, who are pioneering a new approach to the music industry by allowing fans to invest in the royalties generated by their favourite songs and artists.
It's very exciting to work with ANote to list the first K-Pop catalogue (also including J-Pop & C-Pop titles) on their platform, and one of the first opportunities for investors from around the world to benefit from the royalties generated by well-known songs by some of the genres biggest and most successful groups such as SHINee, Red Velvet, EXO, Super Junior, NCT Dream and NCT 127.
K-Pop's influence is expanding outside of the Asian market with increasing interest in the US, South America, Europe & the Middle East. I believe we are only at the start of this journey and that the growth will continue as the genre becomes even more influential globally in the coming months and years."
The top 10 performing tracks included in the catalogue are:
- SUPER JUNIOR, Leslie Grace, Play-N-Skillz - Lo Siento
- NCT 127 – No longer
- Red Velvet – UMPAH UMPAH
- Monsta X – Follow
- NCT Dream – Candle Light- Monsta X – ALLIGATOR
- D.O. - Si Fueras Mia
- SUPER JUNIOR - Super Clap
- VIXX - Scientist
- Red Velvet - BAMBOLEO
This is the eighteenth music catalogue to list on the ANote Music platform. The Andreas Öberg catalogue auction will run on the ANote Music platform from August 23rd until September 13th:
https://www.anotemusic.com/catalogues/andreas-oberg
About ANote Music
ANote Music is the European marketplace for investing in music royalties and was founded in Luxembourg by Marzio F. Schena, Matteo Cernuschi, and Grégoire Mathonet in January 2018. ANote Music has identified the power of music as the next big investment opportunity and created a bridge between the music industry and the capital markets.
ANote Music enables fans and investors to invest into the money generated by music rights, while enabling rights holders to monetise their music catalogues (at fair market terms). ANote Music has an investors community of more than 25,000 registered accounts in 62 countries around the world. ANote Music has an active trading platform market cap of €25m, with free float of €3.7m. ANote Music has made a royalty payout to its platform’s investors community every 8 days on average in the last twelve months.