Summary & Revenue Dynamics: H2 2025

Indie Music Rights (IMR) operates a sophisticated revenue model comprising 17 distinct revenue streams. For the second half of 2025 (H2), approximately 90% of estimated total revenues are derived from streaming in 2025.

Core Revenue Categories:

• Streaming & DSPs (Digital Service Providers)
  This is our primary revenue driver. IMR’s "flywheel" ensures that metadata is precision-tuned so we can accurately claim and collect royalties from global platforms like Spotify, Apple Music, and Tidal.

  • Reporting Lag: It typically takes 3 months to aggregate global consumption data into a final "statement," which then serves as the basis for IMR’s actual payouts.

• Neighboring Rights (Performance Royalties)
  These involve revenues from public performances, such as radio broadcasts and background music in retail spaces. This sector is often considered a "Black Box" because significant sums remain unclaimed globally. IMR estimates a 20% market upside through aggressive collection in this area.

  • Time Horizon: Due to the nature of collection societies, these payouts can take up to two years to realize.

• Sync & Licensing
  Revenue generated from the placement of music in film, television, advertising, and gaming.

• YouTube & User-Generated Content
  Optimization of rights claims and monetization via Content ID (to be updated with the latest figures from the Friday meeting).

Historical Claims:
IMR has the capability to audit and claim royalties retroactively. We anticipate setting a specific growth percentage based on these efforts in H2 2026.