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Put up to four markets on the same ruler. The shapes do most of the explaining.
| Music royalties | Ground rents & freehold reversions | |
|---|---|---|
| Exit difficulty | 4 | 4 |
| Volatility | 2 | 3 |
| Leverage | 1 | 2 |
| Carry cost | 2 | 2 |
| Fraud risk | 2 | 2 |
| Protection gap | 4 | 4 |
| Barrier to entry | 3 | 2 |
| Expertise needed | 4 | 4 |
| Difficulty | 44 Demanding | 47 Demanding |
| In a sentence | A share of the income a song earns whenever it is streamed, played or licensed — a genuine annuity, priced as a multiple of recent earnings. | The freehold interest under a block of leasehold flats — a small income stream plus a reversion, and the subject of active legislative demolition. |
| Unit | A percentage of a catalogue’s income | One freehold title |
| Smallest realistic trade | Institutional for catalogues; fractional platforms exist | A single reversion, often a few thousand pounds |
| Settlement | Assignment of rights, with income redirected at source | Conveyancing, with statutory rights of first refusal to leaseholders |
The fingerprint measures how demanding a market is to take part in. It is not a rating or a recommendation.