Drag the sliders. See what your streams could be worth as a catalog valuation, and what a fan raise could put in your pocket without a label.
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We convert your streams to royalties using a blended per-stream rate across platforms, then apply a valuation multiple in the range that independent catalogs actually trade — anchored to public auction results and SEC-filed catalog offerings — adjusted for catalog age and genre durability.
A fan raise on Encore typically offers 10–20% of a catalog. You keep the rest, keep creative control, and your fans earn the royalties they already create. Shares are offered through SEC-regulated offerings run by a licensed broker-dealer partner.
A music catalog is valued as a multiple of its annual royalty income. You take what the catalog earns in a year, smooth it over a trailing three to five year window so one viral month doesn't distort the picture, then apply a multiple based on how durable that income looks going forward.
For independent catalogs, that multiple usually lands between 4x and 8x annual net royalties. Larger, institutionally traded catalogs with long chart histories can reach 10x to 15x, which is where most published headline numbers come from. Those numbers are not what an independent artist gets offered, and assuming they are is the most common way artists end up disappointed.
Selling to a fund or a label is a clean exit: a large lump sum, and the catalog is gone. That's the right answer for some artists, particularly if the offer is strong and you want to redeploy the capital elsewhere.
A fan raise is a different trade. You sell a slice, typically 10 to 20 percent of the economic interest, directly to the people who already stream you. You keep the copyright, keep creative control, and keep the majority of the income. The buyers are people with a reason to want the catalog to grow.
The comparison that actually matters isn't which pays a bigger headline number. It's what you're giving up. A fund's multiple comes with the catalog leaving permanently. A fan raise's comes with you keeping it.
How do I find my annual royalty income?
Pull your last 12 months of distributor statements from DistroKid, TuneCore, CD Baby or whoever distributes you, plus any publishing income from your PRO. Use net, after distribution fees.
Is this calculator an appraisal?
No. It's an estimate from stream counts using blended per-stream rates and public market multiples. A real valuation requires your actual royalty statements. Nobody can value a catalog accurately without seeing the income.
What multiple should I expect as an independent artist?
Typically 4x to 8x annual net royalties. Offers above that usually reflect an existing relationship with the buyer or unusually durable income, not the open market.
Do I lose my copyright in a fan raise?
No. Fans buy an economic interest in the royalty stream. You keep the copyright, licensing control, and the right to make every creative and business decision about your work.
How much can I raise from fans?
It's a function of your catalog income and the size of your engaged audience, not follower count alone. The calculator above estimates a 10 to 20 percent slice as a starting point.
Related reading: What is a music catalog worth? · How to sell your music catalog · Label deal vs advance vs fan raise · Spotify per-stream rate