Catalog Multiples Expected to Hold Flat, More Latin & Country Deals in 2026: Duetti & Billboard’s Music Finance Index
Categoria: Musica
The study tracks sell-side expectations for the catalog investment market, including deal multiples, volume and growth trends among genres.
Por Billboard | 21/07/2026
Catalog multiples are expected to hold largely flat for the rest of the year despite investors growing interest in Latin, country and catalogs younger than 10 years old, according to Duetti and Billboard ‘s Music Finance Index report published Tuesday (July 21). This report polled around 70 lawyers, managers, artists, and their teams in Duetti’s orbit for their sell-side expectations on catalog valuations, deal flow and which genres will field the most acquisition offers in the next six months. The result of a collaboration with Billboard — which contributed to shaping the survey questions and sourcing participants for the panel — can be viewed in full on Duetti’s website. Lior Tibon , CEO of Duetti and Evan Winiker , managing partner at Range Media Partners, will hold an online webinar to discuss the report at 1 p.m. ET. Related Introducing: Duetti and Billboard’s Music Finance Index Desiigner Arrested on Domestic Violence Charge in South Carolina DJ Quik Says His Son 'Made a Mistake' Following Murder Conviction, Pleads With Fans to Stop Asking About It While respondents’ market perceptions held mostly stable from the report six months ago, there were notable changes like a 20% increase in the expected multiples, a key component of catalog valuation, for music released two to five years ago and a tightening of the expected range of multiples older catalogs can fetch. Tibon says that stability has most respondents taking a “wait and see” approach to changes in valuation multiples in the latter half of the year, with a third of respondents saying they are cautiously optimistic that multiples will increase. “The picture from this report is of a more balanced market,” Tibon tells Billboard. “There is very healthy activity in the market. Folks are willing to transact, and the market is healthy but I also think people are rational and buyers are discerning.” Expectations for the values catalogs could get from investors was again heavily reliant on age, with the youngest publishing catalogs (six months to two years old) receiving a multiple of 4.7 to 6.5 times trailing 12-month net revenue and the oldest catalogs (10 years and older) receiving a multiple of between 12.1 and 14.6 times trailing 12-month net revenue, according to respondents. Overall, publishing rights are perceived to be more valuable than masters across every age band, with lawyers saying they perceive multiples to be meaningfully higher than managers. The report’s authors say this may reflect the reality that lawyers often handle higher-value deals. This is the first Music Finance Index to ask respondents how they think super new music is valued, and it comes after Duetti publicly announced it is acquiring catalogs of music released as recently as six months ago. Respondents overwhelmingly said they expect Latin and country catalogs to get the most attention from prospective investors in the second half o