For investors
A catalog you can audit.
The publishing share grows over time, not through acquisition. A transaction happens once; a registered song collects for decades. What makes that cash flow investable is the quality of the chain of title.
Why now
Three windows opened at the same time.
- 01
The money grew and became traceable
Ecad, the Brazilian performing rights collection office, collected R$ 2.1 billion in 2025 and distributed R$ 1.7 billion to more than 345,000 rights holders, with digital already at 33.6% of collections.
- 02
Metadata became infrastructure
A song without an ISWC and a master recording without a correct ISRC simply do not get paid. Whoever fixes metadata at the source captures value that is lost today to withheld royalties.
- 03
AI is driving demand for provenance
When anyone can generate a track in seconds, the scarce asset becomes the human-written song with a proven chain of title.
What makes the catalog an asset
What sets an auditable catalog apart from a pile of contracts in PDF.
- 01
Ownership settled at the source
A split signed by every co-writer before publication, with proof of authorship and an audit trail for every signature.
- 02
Versioned contracts
Each contract keeps the exact version of every clause it used. Changing a template does not affect past agreements.
- 03
History per accounting period
Collections per song, per source and per period, with the publishing share broken out line by line.
- 04
Publishing, not assignment
The structure recent case law recognizes. The songwriter’s ongoing percentage share is what distinguishes a publishing agreement from a permanent assignment.
Subscriptions cover the operating cost. The publishing share builds the asset.
About the numbers
Market figures cited on this page come from public sources: Ecad (2025 annual report), Pro-Música Brasil and IFPI. Platform projections are not disclosed publicly and are shared under agreement.