Catalog Valuation & Streaming Royalty Multiplier Workbench

Asset Parameters Interactive Inputs

Annual Catalog Net Revenue (USD) $15,000,000

Historical Net Publisher's Share (NPS) / Recorded master annual net royalties.

Master Albums 13

Active studio LP assets

Catalog Age (Years) 25 yrs

Decay stabilization curve

Streaming Royalty Share 72%

Portion of cash flow derived from Spotify, Apple Music, YouTube.

Sync & Performance 18%

Film, TV, ads & terrestrial

DCF Discount Rate (WACC) 8.5%

Cost of capital / hurdle rate

Valuation multiples reflect current music private credit & major label acquisition parameters (Universal, Warner, Sony, Concord, BMG, Hipgnosis/Blackstone).

M&A Valuation Assessment Active Model Calibrated

Estimated Catalog Value

$312,500,000

Enterprise Buyout Benchmark

Implied Valuation Multiple

20.8x NPS

Tier-1 Iconic Asset Class

Projected 10Y Streaming Yield

$185,400,000

Cumulative Master DSP Yield

Recommended Deal Structure

Lump-Sum Acquisition / Major Label Buyout

Target Buyer: Major Label / Sovereign Wealth / Music Fund

10-Year Cumulative Cash Flow vs. Lump-Sum Buyout

Chart.js Real-Time Engine

Milestone	Annual Streaming	Sync & Performance	Total Net Cash Flow	Cumulative Yield

Methodology: NPS Multiplier combined with Gordon Growth DCF adjusted for catalog decay age. Audit Trail ID: #CAT-VAL-RHCP-WARNER