EL Éditions exercises buyback to repurchase all its catalogue shares on ANote Music
It’s news time for investors in the EL Éditions Publishing Catalogue (ID008), originally listed on the ANote Music marketplace on June 15th 2021 and including publishing royalties from a selection of over 240 compositions from French songwriters and composers such as Boulevard Des Airs and Vianney.
EL Éditions Sàrl (the original rights holder) has exercised the buyback clause to regain full ownership of its future royalties by repurchasing all the catalogue shares held by investors on ANote Music at a premium. This represents the first-ever buyback since the launch of our marketplace in July 2020.
How will the buyback be executed?
Starting from today the trading of the EL Éditions Publishing Catalogue will be halted and all the pending buy and sell orders for this catalogue will be cancelled.
Tomorrow, June 13th 2025, all the investors holding shares in this catalogue in their portfolio will receive a unique one-time payout of €4.11 per share directly in their portfolio - which represents a 49.5% premium on top of the volume-weighted average price (VWAP) from the past 30 days of trading - in the form of a single royalty payout (subject to ANote Music standard distribution fees).
This one-time payment represents the compensation paid by the rights holders to the investors to regain full ownership and reflects the catalogue’s current residual life and valuation.
Once the process is completed, ownership of the shares will be automatically transferred to the offeror, and no longer appear on the platform. The catalogue will remain accessible on the platform for reference, but it will no longer be tradable or listed in any portfolio.
Why is buyback important in ANote Music mission?
The buyback clause is a key component of ANote Music’s mission, designed to preserve both the music rights holders' and investors' interests.
In traditional music catalogues' transactions, rights holders permanently sell their royalties without the possibility of regaining ownership in the future, often at prices unilaterally set by the buyers. By contrast, our mission is to enhance music rights holders' creative and financial freedom by giving them the possibility of repurchasing full ownership of their royalties at a later stage if that's in their best interests to pursue new creative or contractual opportunities.
At the same time, investors’ interests are equally protected: any buy-back must reflect the catalogue’s residual life and fair value on our market, ensuring that investors receive fair compensation when the buy-back clause is executed.
By consolidating this balance, ANote Music achieves its mission to offer rights holders immediate, flexible liquidity without compromising the potential returns or contractual certainty for investors in each catalogue.
