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Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14 2014 1ota|s 2014

er-14 2014 1ota|s 2014 Growth


MCN1nL¥ GkCSS kLVLNUL $43,118,026.44 $43,000,924.63 $49,232,771.14 $48,632,610.00 $32,612,402.90 $33,028,293.94 $36,219,431.01 $38,873,443.14 $38,143,393.22 $61,831,127.43 $61,374,614.84 $67,808,801.81 $660,098,066.32 30.29°
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -0.26° 9.43° -1.26° 8.18° 4.39° 2.16° 4.72° -1.24° 6.34° -0.41° 10.12°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 13,233,427 13,779,826 14,289,330 14,963,881 16,014,634 16,444,973 17,372,720 18,477,191 19,137,231 20,207,039 20,938,396 21,891,136 63.40°
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 4.11° 3.70° 4.73° 7.01° 2.69° 6.86° 3.13° 3.37° 3.39° 3.72° 4.43°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 4,663,339,290 2,389,837,098 3,469,283,368 3,787,349,732 6,041,846,606 3,682,921,010 6,431,121,638 6,796,133,740 7,031,387,978 7,680,394,106 7,321,068,241 8,426,921,411 74,122,004,238 80.71°
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -44.46° 111.18° 3.82° 4.40° -3.94° 13.17° 3.68° 3.46° 9.23° -2.08° 12.04°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC kIGn1S
nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$29,904,394.27 $30,217,922.37 $32,029,098.32 $32,860,709.98 $34,742,693.63 $36,327,184.06 $37,899,236.16 $40,086,043.39 $39,977,374.36 $42,232,621.66 $42,868,989.38 $46,023,119.31 $443,389,391.70 33.90°
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 66.28° 67.13° 63.03° 67.37° 66.04° 66.38° 67.41° 68.09° 68.76° 68.34° 69.62° 67.87° 67.47°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs Polders - 1.03° 3.99° 2.60° 3.73° 3.14° 3.76° 3.77° -0.27° 3.69° 1.46° 7.36°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $13,213,632.17 $14,783,002.28 $17,223,672.62 $13,771,900.02 $17,869,707.27 $18,301,111.88 $18,320,214.83 $18,789,399.73 $18,166,220.66 $19,378,303.77 $18,703,623.26 $21,783,682.30 $214,708,674.83 43.20°
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 33.72° 32.83° 34.97° 32.43° 33.96° 33.62° 32.39° 31.91° 31.24° 31.66° 30.38° 32.13° 32.33°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -2.83° 16.31° -8.43° 13.30° 3.33° -0.98° 2.36° -3.32° 7.77° -4.46° 16.47°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $3,369,708.37 $3,413,813.72 $3,739,911.33 $3,846,080.41 $6,276,103.01 $6,329,111.38 $6,734,880.69 $7,079,339.61 $6,779,023.73 $7,171,968.43 $7,236,133.30 $8,039,173.06 $78,237,491.48 49.71°
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 11.90° 12.03° 11.63° 12.02° 11.93° 11.87° 12.02° 12.02° 11.66° 11.60° 11.78° 11.86° 11.86°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Mechanlcal 8oyalLles $2,821,828.76 $2,872,733.91 $2,969,937.43 $3,083,779.44 $3,290,633.82 $3,378,830.03 $3,494,939.87 $3,642,223.76 $3,772,242.42 $3,844,016.13 $3,934,029.46 $4,374,639.11 $41,301,918.13 33.03°
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000603109 0.001109241 0.000343023 0.000333194 0.000344644 0.000394339 0.000343443 0.000333926 0.000336471 0.000300484 0.000323727 0.000319127 0.000339914 -14.21°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 6.23° 6.38° 6.03° 6.33° 6.23° 6.14° 6.22° 6.19° 6.49° 6.22° 6.42° 6.43° 6.29°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 32.33° 33.04° 31.74° 32.78° 32.43° 31.73° 31.74° 31.43° 33.63° 33.60° 34.49° 34.42° 33.03°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 1.80° 3.38° 3.90° 6.64° 2.68° 3.44° 4.21° 3.37° 1.90° 2.86° 10.64°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Þubllc Þerformance $2,347,879.81 $2,343,061.82 $2,769,933.92 $2,760,300.97 $2,983,447.19 $3,130,281.36 $3,239,920.82 $3,437,333.83 $3,006,781.32 $3,327,932.28 $3,302,123.83 $3,664,333.93 $36,733,373.34 43.83°
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc Þerformance
8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000346364 0.000981939 0.000306436 0.000476934 0.000494128 0.000334342 0.000306898 0.000303778 0.000427611 0.000433294 0.00043903 0.000434861 0.000493879 -20.41°
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 3.63° 3.63° 3.62° 3.68° 3.67° 3.72° 3.80° 3.84° 3.17° 3.38° 3.36° 3.40° 3.37°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 47.43° 46.96° 48.26° 47.22° 47.37° 48.23° 48.26° 48.33° 44.33° 46.40° 43.31° 43.38° 46.97°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -0.19° 8.92° -0.33° 8.16° 3.32° 3.48° 3.44° -12.33° 10.68° -0.78° 10.98°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $24,334,683.71 $24,802,106.63 $26,289,187.17 $27,014,629.37 $28,466,392.62 $29,998,072.48 $31,144,333.47 $33,006,483.78 $33,198,330.81 $33,080,633.23 $33,612,836.28 $37,983,944.43 $367,131,900.22 34.82°
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.003261184 0.009376703 0.004806697 0.004667876 0.004711372 0.003278636 0.004842736 0.004836636 0.004721316 0.00436744 0.004733077 0.004307432 0.004933076
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 34.38° 33.11° 33.38° 33.33° 34.11° 34.31° 33.40° 36.06° 37.10° 36.74° 37.84° 36.02° 33.62°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 1.09° 6.00° 2.76° 3.37° 3.38° 3.82° 3.98° 0.38° 3.67° 1.32° 6.66°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥ $310,401.16 $316,002.93 $326,693.32 $339,433.74 $361,972.14 $371,671.30 $384,443.39 $400,644.83 $414,946.67 $422,841.78 $434,943.24 $481,210.30 $4,363,211.00
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $223,746.30 $229,820.31 $237,396.39 $246,862.36 $263,232.47 $270,306.40 $279,396.79 $291,378.06 $301,779.39 $307,321.29 $316,322.36 $349,971.13 $3,320,133.43

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $84,634.86 $86,182.62 $89,098.72 $92,373.38 $98,719.67 $101,364.90 $104,848.80 $109,266.77 $113,167.27 $113,320.48 $118,620.88 $131,239.17 $1,243,037.34

ANAL¥SIS CI MUSIC S1kLAMING SLkVICLS ICk 2014 (GCCGLL ÞLA¥, kDIC, SÞC1II¥ US, SLACkLk, knAÞSCD¥, 8LA1S US)
Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
GCCGLL ÞLA¥
MCN1nL¥ GkCSS kLVLNUL $4,343,001.33 $4,810,262.46 $3,207,918.77 $3,283,891.86 $3,794,711.31 $3,621,436.44 $3,631,169.49 $3,803,719.33 $3,931,206.61 $6,239,199.92 $6,799,607.19 $7,273,746.08
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - 3.88° 8.27° 1.30° 9.63° -2.99° 0.33° 2.73° 2.31° 3.18° 8.63° 7.00°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 303,847 327,806 364,381 636,121 620,043 397,897 608,121 632,424 663,178 722,884 732,122 813,171
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 4.76° 6.93° 16.23° -3.30° -3.37° 1.71° 7.29° 1.63° 9.00° 1.28° 11.34°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 163,003,496 166,314,122 203,721,491 227,766,662 244,687,901 234,333,174 232,213,324 269,800,873 271,327,327 304,930,343 316,333,383 337,873,361
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - 2.13° 23.33° 10.72° 7.43° -4.22° 7.62° 6.97° 0.64° 12.30° 3.74° 13.13°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$3,292,434.31 $3,434,474.90 $3,700,246.67 $4,221,309.11 $4,073,447.97 $3,932,223.14 $3,990,032.63 $4,237,136.04 $4,331,193.28 $4,696,330.61 $4,804,937.74 $3,318,743.49
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 72.47° 71.81° 71.03° 79.86° 70.30° 69.93° 70.61° 73.33° 72.78° 73.03° 70.66° 73.10°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- 4.92° 7.11° 14.08° -3.30° -3.47° 1.47° 6.69° 1.74° 8.43° 2.31° 10.69°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $1,230,347.04 $1,333,787.36 $1,307,672.10 $1,064,382.73 $1,721,263.34 $1,689,233.30 $1,661,136.84 $1,348,383.29 $1,620,013.33 $1,362,849.31 $1,994,669.43 $1,937,002.39
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 27.33° 28.19° 28.93° 20.14° 29.70° 30.03° 29.39° 26.67° 27.22° 24.97° 29.34° 26.90°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - 8.42° 11.20° -29.39° 61.68° -1.86° -1.66° -6.78° 4.61° -3.33° 27.63° -1.89°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $477,013.16 $303,077.36 $346,831.47 $333,018.63 $608,444.71 $390,232.93 $393,372.80 $609,600.33 $624,876.69 $637,213.99 $713,938.73 $763,933.34
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $422,306.78 $446,487.23 $470,326.81 $473,419.33 $320,411.34 $306,737.62 $303,376.36 $321,748.10 $329,411.46 $334,786.86 $390,720.31 $637,816.64
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.002390732 0.002681378 0.002286231 0.002087309 0.002126837 0.002162367 0.002004338 0.001933827 0.001949732 0.001819389 0.001867398 0.00178223
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 9.30° 9.28° 9.03° 8.99° 8.98° 9.01° 8.93° 8.99° 8.90° 8.86° 8.69° 8.77°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 88.33° 88.40° 86.01° 83.66° 83.33° 83.83° 83.20° 83.39° 84.72° 84.41° 82.74° 83.49°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 3.88° 8.27° 1.30° 9.63° -2.99° 0.33° 2.73° 2.31° 3.18° 8.63° 7.00°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $34,708.38 $38,390.33 $76,304.66 $79,399.30 $88,033.37 $83,493.31 $87,796.24 $87,832.43 $93,463.23 $102,429.13 $123,238.43 $126,136.70
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000333623 0.000331864 0.000371883 0.000349477 0.000339778 0.00033628 0.000348103 0.00032362 0.000331386 0.00033391 0.000389384 0.00033246
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 1.20° 1.22° 1.47° 1.31° 1.32° 1.49° 1.33° 1.31° 1.60° 1.64° 1.81° 1.73°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 11.47° 11.60° 13.99° 14.34° 14.47° 14.13° 14.80° 14.41° 13.28° 13.39° 17.26° 16.31°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- 7.10° 30.38° 4.03° 10.60° -3.13° 3.13° 0.06° 8.67° 7.29° 20.32° 2.33°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $2,813,439.33 $2,949,397.34 $3,133,413.20 $3,666,290.46 $3,463,003.26 $3,341,970.21 $3,396,639.83 $3,647,333.31 $3,706,316.39 $4,039,134.62 $4,090,978.99 $4,334,790.13
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.017272032 0.017712396 0.013328363 0.016096693 0.01416091 0.014260401 0.013467398 0.013319361 0.013649874 0.013246089 0.012932492 0.012727301
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 61.97° 61.31° 60.33° 69.36° 39.80° 39.43° 60.11° 62.83° 62.28° 64.33° 60.16° 62.60°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 4.76° 6.92° 16.26° -3.49° -3.33° 1.64° 7.39° 1.61° 8.98° 1.28° 11.34°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$46,433.73 $49,113.60 $31,733.93 $32,296.13 $37,243.23 $33,743.34 $33,613.42 $37,392.29 $38,233.26 $61,026.33 $64,979.23 $70,139.83
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $33,784.34 $33,718.98 $37,626.14 $38,033.33 $41,632.91 $40,340.61 $40,446.12 $41,739.83 $42,332.92 $44,382.93 $47,237.62 $31,023.33

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $12,669.20 $13,394.62 $14,109.80 $14,262.38 $13,612.34 $13,202.73 $13,167.30 $13,632.44 $13,882.34 $16,643.61 $17,721.61 $19,134.30

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
kDIC Stand-A|one Non-Þortab|e Subscr|pt|ons - Stream|ng
Cn|y
MCN1nL¥ GkCSS kLVLNUL $48,226.61 $47,967.36 $48,277.19 $47,043.76 $46,323.00 $43,891.83 $44,418.93 $43,332.33 $42,334.12 $44,160.90 $38,461.81 $37,414.76
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -0.34° 0.63° -2.33° -1.11° -1.36° -3.21° -2.43° -1.80° 3.78° -12.91° -2.72°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 9,663 9,613 9,673 9,428 9,324 9,197 8,902 8,684 8,328 8,830 7,708 7,498
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -0.34° 0.64° -2.33° -1.10° -1.36° -3.21° -2.43° -1.80° 3.78° -12.90° -2.72°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 4,373,847 4,398,790 3,192,261 3,133,922 3,043,606 4,868,373 4,943,329 4,963,636 4,739,836 3,033,433 4,486,242 4,662,287
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - 0.33° 12.90° -1.09° -1.76° -3.31° 1.34° 0.41° -4.31° 6.62° -11.22° 3.92°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$33,299.19 $33,044.83 $33,222.67 $32,932.24 $32,322.67 $32,142.71 $31,119.38 $30,439.31 $29,989.93 $31,388.42 $28,013.34 $27,187.79
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 69.03° 68.89° 68.82° 70.04° 69.90° 70.04° 70.06° 70.23° 70.47° 71.08° 72.84° 72.67°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -0.76° 0.34° -0.81° -1.30° -1.17° -3.18° -2.19° -1.48° 4.66° -10.73° -2.93°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $14,927.42 $14,922.33 $13,034.32 $14,093.32 $14,002.34 $13,749.12 $13,299.33 $12,893.24 $12,364.17 $12,772.48 $10,446.27 $10,226.97
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 30.93° 31.11° 31.18° 29.96° 30.10° 29.96° 29.94° 29.73° 29.33° 28.92° 27.16° 27.33°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -0.03° 0.88° -6.38° -0.63° -1.81° -3.27° -3.03° -2.33° 1.66° -18.21° -2.10°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $3,063.79 $3,036.37 $3,069.10 $4,939.80 $4,883.13 $4,818.64 $4,663.99 $4,349.92 $4,468.18 $4,636.89 $4,038.49 $3,928.33
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $1,919.62 $1,906.67 $1,922.13 $2,332.28 $2,326.23 $2,294.39 $2,220.93 $2,166.63 $2,127.70 $2,208.04 $1,923.09 $1,870.74
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000419693 0.000414603 0.000370196 0.000438006 0.000461044 0.000471326 0.000449264 0.000436498 0.000448898 0.000436938 0.000428664 0.000401249
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.98° 3.97° 3.98° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 37.91° 37.86° 37.92° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -0.67° 0.81° 22.38° -1.11° -1.36° -3.21° -2.43° -1.80° 3.78° -12.91° -2.72°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $3,144.17 $3,129.90 $3,146.93 $2,387.32 $2,338.88 $2,324.03 $2,443.04 $2,383.29 $2,340.48 $2,428.83 $2,113.40 $2,037.81
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000687424 0.000680392 0.000606083 0.000303808 0.00030713 0.000318439 0.000494189 0.000480148 0.000493789 0.000480632 0.000471331 0.000441374
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 6.32° 6.33° 6.32° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 62.09° 62.14° 62.08° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -0.43° 0.34° -17.78° -1.11° -1.36° -3.21° -2.43° -1.80° 3.78° -12.91° -2.72°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $28,233.40 $28,008.26 $28,133.37 $28,012.44 $27,637.34 $27,324.07 $26,433.39 $23,889.39 $23,321.77 $26,731.33 $23,977.03 $23,239.24
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.006173228 0.006090334 0.003422218 0.003434219 0.003477346 0.003612367 0.003331339 0.00321379 0.003384326 0.003293713 0.003344374 0.004988803
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 38.33° 38.39° 38.32° 39.34° 39.40° 39.34° 39.36° 39.73° 39.97° 60.38° 62.34° 62.17°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -0.80° 0.32° -0.30° -1.34° -1.13° -3.18° -2.14° -1.42° 4.82° -10.37° -2.99°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$211.16 $209.73 $211.44 $238.73 $233.89 $232.41 $244.30 $238.33 $234.03 $242.88 $211.34 $203.78
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $133.37 $132.33 $133.77 $188.18 $186.10 $183.37 $177.68 $173.33 $170.22 $176.64 $133.83 $149.66

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $37.39 $37.20 $37.66 $70.37 $69.79 $68.84 $66.63 $63.00 $63.83 $66.24 $37.69 $36.12

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
kDIC Stand-A|one Þortab|e Subscr|pt|ons
MCN1nL¥ GkCSS kLVLNUL $1,096,612.97 $1,073,902.01 $1,132,674.73 $1,109,236.37 $1,126,413.06 $1,100,219.30 $1,120,912.77 $1,114,613.73 $1,037,089.83 $1,066,489.38 $1,017,274.61 $1,023,363.69
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -2.07° 3.47° -2.07° 1.33° -2.33° 1.88° -0.36° -3.16° 0.89° -4.61° 0.60°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 102,138 100,279 103,936 103,721 103,340 102,818 104,809 104,304 98,407 99,634 96,338 97,342
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -1.82° 3.66° -2.11° 1.36° -2.39° 1.94° -0.48° -3.63° 1.27° -3.33° 1.23°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 73,869,302 70,246,233 80,144,367 78,443,404 81,818,816 77,777,108 80,443,991 79,648,682 73,230,382 73,842,923 68,781,769 73,978,339
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -4.90° 14.09° -2.12° 4.30° -4.94° 3.43° -0.99° -3.32° -1.87° -6.83° 7.36°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$730,312.74 $734,307.64 $779,498.73 $769,770.73 $781,228.19 $762,227.01 $776,320.19 $766,239.12 $731,821.17 $738,732.98 $703,380.42 $713,649.34
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 68.42° 68.38° 68.82° 69.40° 69.36° 69.28° 69.28° 68.74° 69.23° 69.27° 69.14° 69.74°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -2.13° 6.13° -1.23° 1.49° -2.43° 1.88° -1.32° -4.49° 0.93° -4.79° 1.46°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $346,300.23 $339,394.37 $333,176.02 $339,483.64 $343,186.87 $337,992.29 $344,392.38 $348,376.61 $323,268.68 $327,736.60 $313,894.19 $309,716.33
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 31.38° 31.62° 31.18° 30.60° 30.64° 30.72° 30.72° 31.26° 30.77° 30.73° 30.86° 30.26°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -1.94° 4.00° -3.88° 1.68° -2.08° 1.89° 1.16° -6.63° 0.76° -4.22° -1.33°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $113,144.36 $112,739.71 $118,930.83 $116,471.92 $118,273.38 $113,323.03 $117,693.84 $117,034.63 $110,994.43 $111,981.41 $106,813.83 $107,433.40
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $34,338.93 $33,203.40 $36,142.04 $33,462.82 $36,320.73 $33,010.97 $36,043.64 $33,730.78 $32,834.49 $33,324.48 $30,863.73 $31,168.29
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000733609 0.000737384 0.00070031 0.000707042 0.000688339 0.00070729 0.000696704 0.000699708 0.000702382 0.000722134 0.000739494 0.000691666
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 4.96° 4.93° 4.96° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00° 3.00°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 47.19° 47.18° 47.21° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62° 47.62°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -2.09° 3.32° -1.21° 1.33° -2.33° 1.88° -0.36° -3.16° 0.89° -4.61° 0.60°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $60,803.41 $39,336.31 $62,788.81 $61,009.10 $61,932.83 $60,312.06 $61,630.20 $61,303.87 $38,139.94 $38,636.93 $33,930.10 $36,283.11
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000823149 0.000847822 0.000783444 0.000777747 0.000737193 0.000778019 0.000766374 0.000769678 0.00077262 0.000794347 0.000813444 0.000760832
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 3.34° 3.33° 3.34° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30° 3.30°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 32.81° 32.82° 32.79° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38° 32.38°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -2.03° 3.43° -2.83° 1.33° -2.33° 1.88° -0.36° -3.16° 0.89° -4.61° 0.60°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $633,168.38 $621,347.93 $660,367.88 $633,298.81 $662,934.61 $646,703.98 $638,824.33 $649,204.47 $620,826.74 $626,771.37 $396,366.39 $606,193.94
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.008398343 0.008848132 0.008242204 0.008328282 0.008102716 0.008314837 0.008189832 0.00813083 0.008230147 0.008487903 0.008673324 0.008194236
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 37.92° 37.88° 38.32° 38.90° 38.86° 38.78° 38.78° 38.24° 38.73° 38.77° 38.64° 39.24°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -2.14° 6.28° -1.10° 1.48° -2.43° 1.87° -1.46° -4.37° 0.96° -4.82° 1.61°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$3,977.28 $3,832.37 $6,173.62 $6,100.91 $6,193.28 $6,031.21 $6,163.02 $6,130.39 $3,813.99 $3,863.69 $3,393.01 $3,628.31
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $4,347.12 $4,236.27 $4,491.36 $4,437.03 $4,303.66 $4,400.88 $4,483.63 $4,438.46 $4,228.36 $4,263.96 $4,069.10 $4,093.46

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $1,630.17 $1,396.10 $1,684.26 $1,663.88 $1,689.62 $1,630.33 $1,681.37 $1,671.92 $1,383.63 $1,399.73 $1,323.91 $1,333.03

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
SLACkLk CN-DLMAND
MCN1nL¥ GkCSS kLVLNUL $1,366,177.00 $1,323,806.94 $1,336,410.03 $1,334,630.76 $1,333,631.94 $1,332,830.97 $1,332,382.38 $1,342,693.80 $1,491,433.66 $1,304,237.29 $1,471,369.30 $1,442,300.93
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -2.71° 2.14° -1.40° 1.37° -0.18° -0.02° -0.64° -3.32° 0.86° -2.19° -1.98°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 107,832 106,367 108,267 108,087 109,241 107,360 107,098 106,244 102,863 101,734 99,189 99,729
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -1.38° 1.79° -0.17° 1.07° -1.72° -0.24° -0.80° -3.18° -1.10° -2.30° 0.34°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 18,002,168 16,707,343 18,931,431 19,020,648 19,132,801 17,386,267 18,348,334 18,616,339 16,827,873 17,323,484 16,260,413 17,493,161
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -7.19° 13.31° 0.47° 0.39° -8.08° 3.47° 0.37° -9.61° 4.13° -7.21° 7.39°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$883,396.94 $873,260.83 $878,004.81 $837,496.89 $843,183.30 $849,226.66 $841,840.34 $843,269.28 $821,738.28 $827,307.00 $799,702.97 $774,316.23
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 36.33° 37.44° 36.41° 34.37° 34.20° 34.69° 34.22° 34.66° 33.10° 33.01° 34.33° 33.69°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -1.17° 0.31° -4.61° 0.68° 0.72° -0.87° 0.17° -2.33° 0.70° -3.36° -3.17°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $680,380.07 $648,346.11 $678,403.24 $697,133.87 $712,448.44 $703,604.31 $710,742.04 $699,424.32 $669,717.38 $676,730.29 $671,666.33 $667,984.70
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 43.43° 42.36° 43.39° 43.43° 43.80° 43.31° 43.78° 43.34° 44.90° 44.99° 43.63° 46.31°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -4.71° 4.60° 2.76° 2.20° -1.24° 1.01° -1.39° -4.23° 1.03° -0.73° -0.33°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $164,448.39 $139,999.73 $163,423.06 $161,136.23 $163,341.33 $163,047.23 $163,021.17 $161,982.83 $136,602.84 $137,947.02 $134,493.80 $131,441.60
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $62,647.08 $60,932.28 $62,236.41 $61,383.23 $62,223.27 $62,113.24 $62,103.30 $61,707.73 $39,638.22 $60,170.30 $38,834.78 $37,692.04
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.003479974 0.003648233 0.003288317 0.003227294 0.003232282 0.003331917 0.003348148 0.003314709 0.003343202 0.003433693 0.003619313 0.0032976
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -2.71° 2.14° -1.40° 1.37° -0.18° -0.02° -0.64° -3.32° 0.86° -2.19° -1.98°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $101,801.31 $99,047.43 $101,166.63 $99,731.00 $101,116.08 $100,934.01 $100,917.87 $100,273.10 $96,944.62 $97,776.72 $93,639.02 $93,749.36
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.003634938 0.003928378 0.00334384 0.003244333 0.00328496 0.003739363 0.003440741 0.003386403 0.003760934 0.003379733 0.003881709 0.003338399
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -2.71° 2.14° -1.40° 1.37° -0.18° -0.02° -0.64° -3.32° 0.86° -2.19° -1.98°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $721,148.33 $713,261.10 $714,381.73 $676,360.66 $679,842.13 $686,179.41 $678,819.37 $681,286.43 $663,133.44 $669,339.98 $643,209.17 $622,874.63
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.040038973 0.042811183 0.037743747 0.033339283 0.033332808 0.039017912 0.036396889 0.036396133 0.039323813 0.038209296 0.039679733 0.033602681
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 46.03° 46.94° 43.91° 44.07° 43.70° 44.19° 43.72° 44.16° 44.60° 44.31° 43.83° 43.19°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -0.82° -0.09° -3.33° 0.31° 0.93° -1.07° 0.36° -2.37° 0.67° -3.64° -3.46°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$6,891.18 $6,704.73 $6,848.20 $6,732.38 $6,844.78 $6,832.46 $6,831.36 $6,787.83 $6,362.40 $6,618.73 $6,474.03 $6,346.12
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $3,011.77 $4,876.18 $4,980.31 $4,910.82 $4,978.02 $4,969.06 $4,968.26 $4,936.62 $4,772.66 $4,813.62 $4,708.38 $4,613.36

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $1,879.41 $1,828.37 $1,867.69 $1,841.36 $1,866.76 $1,863.40 $1,863.10 $1,831.23 $1,789.73 $1,803.11 $1,763.64 $1,730.76

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
SLACkLk 8UNDLLD
MCN1nL¥ GkCSS kLVLNUL $1,323,813.33 $1,486,208.13 $1,491,667.84 $1,471,376.38 $1,487,004.10 $1,490,179.40 $1,479,783.33 $1,463,203.21 $1,424,768.69 $1,431,984.29 $1,411,384.38 $1,373,864.94
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -2.60° 0.37° -1.33° 1.03° 0.21° -0.70° -0.99° -2.76° 0.31° -1.44° -2.66°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 160,714 133,370 137,071 134,612 133,392 133,863 132,383 130,479 147,324 360,386 336,678 346,974
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -3.33° 1.09° -1.37° 0.63° -1.11° -0.83° -1.38° -1.96° 144.29° -1.03° -2.72°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 39,088,119 34,344,989 62,213,891 61,748,330 63,103,870 62,409,732 64,279,628 63,082,311 38,649,214 61,133,324 34,624,723 39,388,923
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -7.69° 14.06° -0.73° 3.44° -4.14° 3.00° -1.86° -7.03° 4.27° -10.68° 8.72°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$488,946.26 $477,638.26 $484,083.38 $477,324.42 $477,092.39 $492,699.77 $487,360.81 $489,933.21 $478,193.68 $483,880.01 $306,687.96 $496,222.34
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 32.04° 32.14° 32.43° 32.43° 32.08° 33.06° 32.93° 33.44° 33.36° 33.79° 33.90° 36.12°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -2.31° 1.33° -1.36° -0.09° 3.27° -1.04° 0.49° -2.40° 1.19° 4.71° -2.07°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $1,036,869.07 $1,008,349.89 $1,007,382.26 $994,031.96 $1,009,911.31 $997,479.63 $992,224.72 $973,272.00 $946,373.01 $948,104.28 $904,696.62 $877,642.40
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 67.96° 67.86° 67.33° 67.33° 67.92° 66.94° 67.03° 66.36° 66.44° 66.21° 64.10° 63.88°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -2.73° -0.10° -1.34° 1.60° -1.23° -0.33° -1.71° -2.94° 0.16° -4.38° -2.99°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $160,210.61 $136,031.86 $136,623.12 $134,313.32 $136,133.43 $136,468.84 $133,377.48 $133,846.33 $149,600.71 $130,338.33 $148,193.38 $144,233.82
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $61,032.61 $39,448.33 $39,666.71 $38,863.06 $39,480.16 $39,607.18 $39,191.42 $38,608.21 $36,990.73 $37,279.37 $36,433.38 $34,934.60
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.001032908 0.001089893 0.000939027 0.000933274 0.000913391 0.000933094 0.000920843 0.000929072 0.000971722 0.000936621 0.001033313 0.000923334
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00° 4.00°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10° 38.10°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -2.60° 0.37° -1.33° 1.03° 0.21° -0.70° -0.99° -2.76° 0.31° -1.44° -2.66°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $99,178.00 $96,603.33 $96,938.41 $93,632.46 $96,633.27 $96,861.66 $96,186.06 $93,238.34 $92,609.96 $93,078.98 $91,740.00 $89,301.22
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.001678476 0.00177108 0.001338419 0.00134907 0.001484386 0.001332028 0.001496369 0.001309742 0.001379049 0.001322009 0.001679439 0.001303668
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30° 6.30°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90° 61.90°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -2.60° 0.37° -1.33° 1.03° 0.21° -0.70° -0.99° -2.76° 0.31° -1.44° -2.66°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $328,733.63 $321,606.40 $327,460.46 $323,008.90 $320,937.16 $336,230.93 $332,183.33 $336,086.66 $328,394.97 $333,321.66 $338,492.38 $331,966.72
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.003363481 0.003896168 0.003263293 0.003231033 0.004929773 0.003387476 0.003167783 0.003327731 0.003602717 0.003433681 0.006362827 0.003926471
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 21.34° 21.64° 21.93° 21.93° 21.38° 22.36° 22.43° 22.94° 23.06° 23.29° 23.40° 23.62°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -2.17° 1.82° -1.36° -0.64° 4.76° -1.20° 1.18° -2.23° 1.30° 7.49° -1.82°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$6,713.39 $6,339.32 $6,363.34 $6,474.94 $6,342.82 $6,336.79 $6,311.06 $6,446.90 $6,268.98 $6,300.73 $6,210.09 $6,043.01
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $4,882.61 $4,733.87 $4,773.34 $4,709.04 $4,738.41 $4,768.37 $4,733.31 $4,688.66 $4,339.26 $4,382.33 $4,316.43 $4,396.37

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $1,830.98 $1,783.43 $1,790.00 $1,763.89 $1,784.40 $1,788.22 $1,773.74 $1,738.23 $1,709.72 $1,718.38 $1,693.66 $1,648.64

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14 2014 1ota|s 2014 Growth Ianuary-1S Iebruary-1S March-1S
MCN1nL¥ GkCSS kLVLNUL $27,338,331.38 $27,406,283.93 $30,874,024.41 $30,164,703.13 $32,917,141.80 $34,736,887.92 $33,688,283.46 $37,718,877.83 $37,290,034.74 $40,367,168.86 $39,911,330.12 $43,313,203.21 $420,366,493.03 63.13° $43,007,476.76 $42,929,406.13 $33,300,304.93
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -0.33° 12.63° -2.30° 9.12° 3.39° 2.68° 3.69° -1.14° 8.79° -1.62° 14.04° -3.31° -0.18° 24.16°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 11,472,686 12,021,391 12,394,043 12,899,074 13,930,460 14,363,131 13,442,163 16,291,306 16,977,178 17,807,038 18,364,161 19,403,983 69.13° 20,361,337 21,007,484 22,612,767
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 4.78° 3.10° 4.07° 8.00° 3.11° 7.31° 3.30° 4.21° 4.89° 4.23° 4.32° 3.96° 2.17° 7.64°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 3,867,132,882 1,829,082,211 4,336,389,373 4,733,391,426 4,970,333,173 4,773,691,111 3,321,384,497 3,670,832,066 3,939,838,308 6,373,829,117 6,401,433,318 7,199,706,233 61,839,328,120 86.18° 7,644,118,902 10,670,860,100 8,396,640,032
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -32.70° 148.01° 4.83° 4.32° -3.96° 11.47° 6.37° 3.10° 10.30° -2.62° 12.47° 6.17° 39.60° -19.44°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$19,431,998.32 $19,727,183.84 $20,883,418.44 $21,122,348.16 $22,624,348.73 $23,739,094.11 $24,832,343.04 $26,428,337.13 $26,319,641.93 $28,373,943.38 $28,938,082.62 $31,396,741.43 $294,281,683.36 62.43° $33,282,426.09 $33,968,673.11 $40,703,332.48
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 70.38° 71.98° 67.63° 70.02° 68.73° 68.36° 69.64° 70.07° 71.12° 69.93° 72.31° 69.42° 70.01° 77.39° 83.79° 76.37°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs Polders - 1.41° 3.87° 1.13° 7.11° 3.02° 4.60° 6.34° 0.33° 7.00° 1.98° 9.19° 3.33° 8.07° 13.17°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $8,106,333.06 $7,679,102.11 $9,988,603.97 $9,042,334.99 $10,292,793.03 $10,997,793.81 $10,833,738.42 $11,290,340.68 $10,770,412.81 $12,191,223.48 $10,973,447.30 $13,916,463.78 $126,084,809.67 71.67° $10,421,832.28 $6,960,733.04 $12,394,972.43
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 29.42° 28.02° 32.33° 29.98° 31.27° 31.64° 30.36° 29.93° 28.88° 30.03° 27.49° 30.38° 29.99° 24.23° 16.21° 23.63°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -3.27° 30.08° -9.47° 13.83° 6.83° -1.47° 4.20° -4.61° 13.19° -9.99° 26.82° -23.11° -33.21° 80.94°
nCW1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $3,322,282.17 $3,363,803.16 $3,770,673.26 $3,826,984.77 $4,133,318.60 $4,334,972.07 $4,333,790.09 $4,833,316.62 $4,369,404.10 $4,921,776.89 $4,963,293.38 $3,678,666.22 $32,698,483.32 61.22° $6,014,096.78 $6,341,886.33 $6,947,288.33
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 12.78° 13.00° 12.21° 12.69° 12.36° 12.33° 12.77° 12.82° 12.23° 12.13° 12.44° 12.48° 12.34° 13.98° 14.77° 13.03°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Mechanlcal 8oyalLles $1,348,334.13 $1,380,670.83 $1,604,973.93 $1,673,177.39 $1,811,408.19 $1,908,344.92 $2,020,308.84 $2,146,221.82 $2,310,062.62 $2,333,082.43 $2,440,102.00 $2,810,008.41 $24,208,717.74 81.48° $3,173,880.69 $3,371,039.63 $3,603,483.60
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000400386 0.000864188 0.0003338 0.000332234 0.000364442 0.000399763 0.000379638 0.000378467 0.000387604 0.000337947 0.000381179 0.000390293 0.000391331 -2.32° 0.000413467 0.000334633 0.000419406
WhaL ° Change lromLasL MonLh's Mechanlcal 8oyalLy 8aLe - 113.84° -39.06° -0.44° 3.46° 9.69° -3.03° -0.31° 2.41° -7.63° 6.49° 2.39° 6.43° -19.43° 23.33°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.62° 3.77° 3.20° 3.33° 3.30° 3.49° 3.66° 3.69° 6.19° 3.80° 6.11° 6.17° 3.76° 7.38° 8.32° 6.76°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 43.96° 44.33° 42.36° 43.77° 43.80° 43.82° 44.33° 44.39° 30.36° 47.81° 49.16° 49.48° 43.94° 32.81° 36.31° 31.90°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 2.09° 1.34° 4.37° 8.13° 3.33° 3.87° 6.23° 7.63° 1.86° 3.70° 13.16° 13.02° 12.44° 0.96°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Þubllc Þerformance $1,973,928.04 $1,983,134.31 $2,163,699.31 $2,131,807.18 $2,324,110.41 $2,446,627.13 $2,333,481.23 $2,689,094.80 $2,239,341.48 $2,368,694.46 $2,323,191.38 $2,868,637.81 $28,489,767.38 43.33° $2,838,216.09 $2,770,846.68 $3,341,802.73
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc Þerformance
8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.000310434 0.001084224 0.000477406 0.000432479 0.000467394 0.000312323 0.00047647 0.000474198 0.000379093 0.000390746 0.000394139 0.000398441 0.000460337 -21.94° 0.000371294 0.000239663 0.000388734
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 7.16° 7.24° 7.01° 7.13° 7.06° 7.04° 7.10° 7.13° 6.06° 6.33° 6.32° 6.30° 6.78° 6.60° 6.43° 6.27°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 36.04° 33.63° 37.44° 36.23° 36.20° 36.18° 33.63° 33.61° 49.44° 32.19° 30.84° 30.32° 34.06° 47.19° 43.69° 48.10°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- 0.47° 9.21° -0.64° 8.01° 3.27° 3.63° 6.06° -13.98° 13.69° -1.77° 13.69° -1.06° -2.37° 20.61°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $13,929,716.33 $16,163,378.68 $17,114,743.18 $17,293,363.39 $18,488,830.13 $19,404,122.04 $20,296,734.93 $21,393,020.33 $21,930,237.83 $23,434,168.49 $23,974,789.24 $23,918,073.21 $241,383,200.04 62.70° $27,268,329.31 $29,626,786.78 $33,738,244.13
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.004119236 0.008836879 0.003772768 0.003636848 0.003719821 0.004064803 0.003814187 0.003807734 0.003683013 0.003367809 0.003743209 0.00339988 0.003903364 0.00336723 0.00277642 0.003926911
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 37.80° 38.98° 33.43° 37.34° 36.17° 33.83° 36.87° 37.23° 38.86° 37.82° 60.07° 36.93° 37.47° 63.40° 69.01° 63.34°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 1.47° 3.89° 1.06° 6.90° 4.93° 4.60° 6.39° 1.63° 6.83° 2.22° 8.11° 3.21° 8.63° 13.93°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥ $170,318.93 $173,873.79 $176,347.33 $184,269.34 $199,234.90 $209,917.94 $222,233.97 $236,084.40 $234,106.89 $238,839.07 $268,411.22 $309,100.93 $2,662,938.93 $349,346.88 $392,814.36 $396,603.42
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $123,868.33 $126,433.67 $128,398.08 $134,014.21 $144,912.66 $132,667.39 $161,624.71 $171,697.73 $184,803.01 $188,246.39 $193,208.16 $224,800.67 $1,936,697.42 $234,070.46 $283,683.17 $288,438.83

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $46,430.62 $47,420.13 $48,149.28 $30,233.33 $34,342.23 $37,230.33 $60,609.27 $64,386.63 $69,301.88 $70,392.47 $73,203.06 $84,300.23 $726,261.33 $93,276.42 $107,131.19 $108,164.37

ANAL¥SIS CI MUSIC S1kLAMING SLkVICLS ICk 2014 - 1Ç201S(SÞC1II¥ US)
Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
SÞC1II¥ DLSk1CÞ
MCN1nL¥ GkCSS kLVLNUL $308,931.34 $291,784.72 $293,802.23 $273,961.82 $269,444.38 $234,344.38 $239,443.39 $223,397.63 $211,439.39 $207,176.08 $182,221.37 $172,340.67
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -3.36° 1.38° -7.38° -1.63° -3.33° -3.93° -6.62° -3.43° -2.03° -12.03° -3.31°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 63,003 61,714 39,420 36,842 34,498 31,728 48,803 46,368 44,743 42,873 39,184 33,774
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -2.03° -3.72° -4.34° -4.12° -3.08° -3.63° -4.99° -3.30° -4.18° -8.61° -8.70°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 38,243,888 34,812,149 38,233,330 36,013,196 33,494,737 28,999,386 29,077,033 28,027,391 27,341,303 28,382,912 23,687,769 22,229,316
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -8.97° 9.89° -3.86° -7.00° -13.42° 0.27° -3.61° -1.73° 3.06° -16.34° -6.16°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$199,967.43 $193,848.82 $190,233.21 $180,029.34 $174,169.42 $163,040.36 $133,810.89 $147,462.96 $141,468.06 $133,774.48 $123,677.88 $113,940.37
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 64.72° 66.44° 64.32° 63.71° 64.64° 64.84° 63.07° 63.93° 66.90° 63.34° 67.87° 66.04°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -3.06° -1.83° -3.37° -3.23° -3.24° -3.39° -3.36° -4.07° -4.02° -8.91° -7.87°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $108,984.09 $97,933.90 $103,347.04 $93,932.48 $93,274.96 $89,304.22 $83,632.70 $76,134.69 $69,991.33 $71,401.60 $38,343.69 $38,600.10
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 33.28° 33.36° 33.68° 34.29° 33.36° 33.16° 34.93° 34.03° 33.10° 34.46° 32.13° 33.96°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -10.14° 7.77° -11.00° 1.43° -6.06° -6.36° -8.97° -8.07° 2.01° -18.01° 0.10°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $32,439.91 $30,837.00 $31,039.24 $28,763.99 $28,291.66 $26,727.18 $23,141.38 $23,477.73 $22,372.30 $21,733.49 $19,392.00 $18,116.77
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.38° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.38° 10.30° 10.73° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $11,002.00 $13,932.17 $10,609.41 $9,601.29 $9,613.34 $9,049.90 $8,481.78 $7,800.30 $9,379.21 $9,177.90 $8,331.13 $7,643.33
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00028768 0.00040021 0.00027733 0.00026639 0.00028707 0.00031207 0.0002917 0.00027831 0.00034781 0.00032336 0.00036013 0.00034383
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.36° 4.77° 3.39° 3.30° 3.37° 3.36° 3.34° 3.49° 4.33° 4.43° 4.68° 4.43°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 33.92° 43.13° 34.16° 33.38° 33.99° 33.86° 33.74° 33.22° 42.82° 42.19° 43.34° 42.19°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 26.63° -23.83° -9.30° 0.13° -3.88° -6.28° -8.03° 22.81° -4.19° -7.03° -10.40°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $21,437.91 $16,924.83 $20,449.83 $19,164.70 $18,676.32 $17,677.28 $16,639.80 $13,677.43 $12,793.29 $12,373.39 $11,060.83 $10,473.22
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000360338 0.000486176 0.000334339 0.000332128 0.000337389 0.00060937 0.000372933 0.000339362 0.00046431 0.000443069 0.000466944 0.000471144
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 6.94° 3.80° 6.91° 7.00° 6.93° 6.94° 6.96° 7.01° 6.03° 6.07° 6.07° 6.07°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 66.08° 34.83° 63.84° 66.62° 66.01° 66.14° 66.26° 66.78° 37.18° 37.81° 36.46° 37.81°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -21.03° 20.83° -6.28° -2.33° -3.33° -3.76° -3.90° -18.40° -1.70° -12.03° -3.31°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $167,327.34 $162,991.82 $139,193.97 $131,263.33 $143,877.76 $138,313.18 $130,669.31 $123,983.21 $119,093.36 $114,020.99 $104,083.88 $93,823.80
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.004380303 0.004682038 0.004161384 0.004199987 0.004333242 0.004769488 0.004493898 0.004423716 0.004324222 0.004017241 0.004394077 0.004310693
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 34.22° 33.86° 33.82° 33.21° 34.14° 34.34° 34.37° 33.43° 36.32° 33.04° 37.12° 33.34°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -2.71° -2.33° -4.98° -3.36° -3.19° -3.33° -3.12° -3.94° -4.26° -8.71° -7.94°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$1,210.22 $1,332.34 $1,167.03 $1,036.14 $1,037.69 $993.49 $933.00 $838.03 $1,033.71 $1,009.37 $938.43 $840.79
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $880.16 $1,114.37 $848.73 $768.10 $769.23 $723.99 $678.34 $624.02 $766.34 $734.23 $682.49 $611.48

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $330.06 $417.97 $318.28 $288.04 $288.46 $271.30 $234.43 $234.01 $287.38 $273.34 $233.93 $229.31

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14 Ianuary-1S Iebruary-1S March-1S
SÞC1II¥ DLSk1CÞ
MCN1nL¥ GkCSS kLVLNUL $308,931.34 $291,784.72 $293,802.23 $273,961.82 $269,444.38 $234,344.38 $239,443.39 $223,397.63 $211,439.39 $207,176.08 $182,221.37 $172,340.67 $137,660.89 $140,301.12 $132,922.10
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -3.36° 1.38° -7.38° -1.63° -3.33° -3.93° -6.62° -3.43° -2.03° -12.03° -3.31° -8.62° -10.88° -3.39°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 63,003 61,714 39,420 36,842 34,498 31,728 48,803 46,368 44,743 42,873 39,184 33,774 32,837 30,967 29,133
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -2.03° -3.72° -4.34° -4.12° -3.08° -3.63° -4.99° -3.30° -4.18° -8.61° -8.70° -8.13° -3.73° -3.92°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS
CNL MCN1n 38,243,888 34,812,149 38,233,330 36,013,196 33,494,737 28,999,386 29,077,033 28,027,391 27,341,303 28,382,912 23,687,769 22,229,316 19,791,337 17,476,832 18,082,271
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -8.97° 9.89° -3.86° -7.00° -13.42° 0.27° -3.61° -1.73° 3.06° -16.34° -6.16° -10.97° -11.69° 3.46°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$199,967.43 $193,848.82 $190,233.21 $180,029.34 $174,169.42 $163,040.36 $133,810.89 $147,462.96 $141,468.06 $133,774.48 $123,677.88 $113,940.37 $104,636.27 $98,014.00 $92,333.98
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 64.72° 66.44° 64.32° 63.71° 64.64° 64.84° 63.07° 63.93° 66.90° 63.34° 67.87° 66.04° 66.37° 69.76° 69.48°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -3.06° -1.83° -3.37° -3.23° -3.24° -3.39° -3.36° -4.07° -4.02° -8.91° -7.87° -8.17° -6.33° -3.77°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $108,984.09 $97,933.90 $103,347.04 $93,932.48 $93,274.96 $89,304.22 $83,632.70 $76,134.69 $69,991.33 $71,401.60 $38,343.69 $38,600.10 $33,024.62 $42,487.12 $40,366.12
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 33.28° 33.36° 33.68° 34.29° 33.36° 33.16° 34.93° 34.03° 33.10° 34.46° 32.13° 33.96° 33.63° 30.24° 30.32°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -10.14° 7.77° -11.00° 1.43° -6.06° -6.36° -8.97° -8.07° 2.01° -18.01° 0.10° -9.31° -19.87° -4.32°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk
1nL CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ +
ÞU8LIC ÞLkICkMANCL) $32,439.91 $30,837.00 $31,039.24 $28,763.99 $28,291.66 $26,727.18 $23,141.38 $23,477.73 $22,372.30 $21,733.49 $19,392.00 $18,116.77 $16,334.39 $13,483.30 $14,367.30
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.38° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.38° 10.30° 10.73° 10.30° 10.30° 11.02° 10.96°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $11,002.00 $13,932.17 $10,609.41 $9,601.29 $9,613.34 $9,049.90 $8,481.78 $7,800.30 $9,379.21 $9,177.90 $8,331.13 $7,643.33 $6,984.37 $6,933.08 $6,499.13
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00028768 0.00040021 0.00027733 0.00026639 0.00028707 0.00031207 0.0002917 0.00027831 0.00034781 0.00032336 0.00036013 0.00034383 0.0003329 0.00039796 0.00033942
WhaL ° Change lromLasL MonLh's Mechanlcal 8oyalLy 8aLe - 39.12° -30.70° -3.87° 7.68° 8.71° -6.33° -4.39° 24.97° -7.03° 11.38° -4.33° 2.63° 12.77° -9.68°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.36° 4.77° 3.39° 3.30° 3.37° 3.36° 3.34° 3.49° 4.33° 4.43° 4.68° 4.43° 4.43° 4.93° 4.89°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 33.92° 43.13° 34.16° 33.38° 33.99° 33.86° 33.74° 33.22° 42.82° 42.19° 43.34° 42.19° 42.19° 44.92° 44.61°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 26.63° -23.83° -9.30° 0.13° -3.88° -6.28° -8.03° 22.81° -4.19° -7.03° -10.40° -8.62° -0.42° -6.36°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $21,437.91 $16,924.83 $20,449.83 $19,164.70 $18,676.32 $17,677.28 $16,639.80 $13,677.43 $12,793.29 $12,373.39 $11,060.83 $10,473.22 $9,370.02 $8,328.42 $8,068.37
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000360338 0.000486176 0.000334339 0.000332128 0.000337389 0.00060937 0.000372933 0.000339362 0.00046431 0.000443069 0.000466944 0.000471144 0.000483343 0.000487984 0.000446203
WhaL ° Change lromLasL MonLh's Þubllc Þerformance 8oyalLy 8aLe - -13.27° 9.93° -0.43° 4.78° 9.32° -6.01° -2.37° -16.96° -4.62° 3.39° 0.90° 2.63° 0.92° -8.36°
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 6.94° 3.80° 6.91° 7.00° 6.93° 6.94° 6.96° 7.01° 6.03° 6.07° 6.07° 6.07° 6.07° 6.07° 6.07°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 66.08° 34.83° 63.84° 66.62° 66.01° 66.14° 66.26° 66.78° 37.18° 37.81° 36.46° 37.81° 37.81° 33.08° 33.39°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -21.03° 20.83° -6.28° -2.33° -3.33° -3.76° -3.90° -18.40° -1.70° -12.03° -3.31° -8.62° -10.88° -3.39°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $167,327.34 $162,991.82 $139,193.97 $131,263.33 $143,877.76 $138,313.18 $130,669.31 $123,983.21 $119,093.36 $114,020.99 $104,083.88 $93,823.80 $88,081.88 $82,330.30 $77,788.48
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.004380303 0.004682038 0.004161384 0.004199987 0.004333242 0.004769488 0.004493898 0.004423716 0.004324222 0.004017241 0.004394077 0.004310693 0.004430322 0.00472228 0.00430192
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 34.22° 33.86° 33.82° 33.21° 34.14° 34.34° 34.37° 33.43° 36.32° 33.04° 37.12° 33.34° 33.87° 38.74° 38.32°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -2.71° -2.33° -4.98° -3.36° -3.19° -3.33° -3.12° -3.94° -4.26° -8.71° -7.94° -8.08° -6.30° -3.73°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥ $1,210.22 $1,332.34 $1,167.03 $1,036.14 $1,037.69 $993.49 $933.00 $838.03 $1,033.71 $1,009.37 $938.43 $840.79 $768.28 $763.06 $714.90
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $880.16 $1,114.37 $848.73 $768.10 $769.23 $723.99 $678.34 $624.02 $766.34 $734.23 $682.49 $611.48 $338.73 $336.41 $319.93

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n
WkCNG SÞLI1S
Money belng pald erroneously $330.06 $417.97 $318.28 $288.04 $288.46 $271.30 $234.43 $234.01 $287.38 $273.34 $233.93 $229.31 $209.33 $208.63 $194.97

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
SÞC1II¥ ÞkLMIUM
MCN1nL¥ GkCSS kLVLNUL $24,139,899.49 $23,391,964.82 $23,293,837.11 $23,479,361.03 $27,026,630.38 $28,164,223.49 $29,621,830.46 $30,732,291.28 $31,840,910.46 $33,336,161.39 $33,689,264.47 $36,988,138.40
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -3.10° 8.14° 0.73° 6.07° 4.21° 3.18° 3.73° 3.61° 3.39° 0.40° 9.79°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 2,673,478 2,688,123 2,640,119 2,801,283 2,960,846 3,174,912 3,379,948 3,334,730 3,708,283 3,866,204 4,031,384 4,686,138
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 0.47° -1.79° 6.10° 3.70° 7.23° 6.46° 3.17° 4.32° 4.26° 4.79° 13.67°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 1,838,977,780 1,794,270,063 2,063,328,003 2,172,380,768 2,226,936,731 2,173,789,474 2,429,100,788 2,331,302,663 2,600,661,337 2,833,834,684 2,808,974,333 3,440,629,936
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -3.48° 13.01° 3.28° 2.31° -2.30° 11.64° 3.03° 1.93° 9.73° -1.37° 22.49°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$16,830,230.48 $16,214,883.03 $17,113,939.99 $17,666,967.48 $18,404,843.90 $19,428,203.30 $20,386,413.08 $21,603,997.43 $22,143,761.78 $23,131,131.33 $24,073,193.67 $23,709,269.08
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 69.80° 69.32° 67.66° 69.34° 68.10° 68.98° 69.30° 70.30° 69.33° 68.93° 71.46° 69.31°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -3.77° 3.36° 3.22° 4.18° 3.36° 3.96° 4.93° 2.30° 4.43° 4.07° 6.80°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $7,289,669.01 $7,177,081.77 $8,179,897.12 $7,812,393.33 $8,621,784.68 $8,736,017.99 $9,033,437.38 $9,126,293.83 $9,693,148.68 $10,423,010.04 $9,616,070.80 $11,278,869.32
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 30.20° 30.68° 32.34° 30.66° 31.90° 31.02° 30.30° 29.70° 30.43° 31.07° 28.34° 30.49°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -1.34° 13.97° -4.49° 10.36° 1.32° 3.43° 1.01° 6.23° 7.33° -7.76° 17.29°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $3,036,730.68 $2,436,136.31 $3,094,182.32 $3,207,381.63 $3,377,740.38 $3,377,026.33 $3,789,443.07 $3,968,828.31 $3,783,809.73 $3,978,724.83 $4,088,728.89 $4,619,420.77
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 12.66° 10.30° 12.23° 12.39° 12.30° 12.70° 12.79° 12.91° 11.88° 11.86° 12.14° 12.49°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $1,337,739.00 $1,366,738.68 $1,320,039.30 $1,400,642.30 $1,480,423.00 $1,387,436.00 $1,689,974.00 $1,777,363.00 $1,834,141.30 $1,933,102.00 $2,023,692.00 $2,343,069.00
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00071961 0.00087319 0.00063971 0.00064473 0.00066478 0.0007296 0.00069372 0.00069663 0.00071293 0.00067737 0.00072113 0.000681
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.34° 6.70° 3.22° 3.30° 3.48° 3.64° 3.71° 3.78° 3.82° 3.76° 6.01° 6.33°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 43.76° 63.79° 42.66° 43.67° 43.83° 44.38° 44.60° 44.78° 49.00° 48.39° 49.34° 30.72°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 17.12° -13.74° 6.10° 3.70° 7.23° 6.46° 3.17° 4.32° 4.26° 4.79° 13.67°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $1,718,991.68 $889,417.63 $1,774,122.82 $1,806,939.13 $1,897,317.38 $1,989,370.33 $2,099,469.07 $2,191,463.31 $1,929,668.23 $2,043,622.83 $2,063,036.89 $2,276,331.77
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000924697 0.000493699 0.000839732 0.000831778 0.000831983 0.000914413 0.000864299 0.000838939 0.000741991 0.000716798 0.000734443 0.000661609
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 7.12° 3.80° 7.01° 7.09° 7.02° 7.06° 7.09° 7.13° 6.06° 6.10° 6.12° 6.13°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 36.24° 36.21° 37.34° 36.33° 36.17° 33.62° 33.40° 33.22° 31.00° 31.41° 30.46° 49.28°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -48.26° 99.47° 1.83° 3.00° 4.86° 3.32° 4.38° -11.93° 6.01° 0.83° 10.34°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $13,793,499.80 $13,738,726.74 $14,021,737.67 $14,439,383.83 $13,027,103.32 $13,831,179.13 $16,796,970.01 $17,637,169.12 $18,361,932.03 $19,132,426.72 $19,984,464.78 $21,089,848.31
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.007419938 0.007668147 0.006793041 0.006636009 0.006747882 0.007283234 0.006914892 0.006913003 0.007060493 0.00671112 0.007114303 0.006129647
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 37.14° 38.82° 33.43° 36.73° 33.60° 36.28° 36.70° 37.39° 37.67° 37.08° 39.32° 37.02°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -0.23° 1.91° 3.12° 3.93° 3.48° 3.97° 3.00° 4.11° 4.30° 4.34° 3.33°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$147,131.29 $172,341.23 $143,206.33 $134,070.68 $162,846.33 $174,620.16 $183,897.14 $193,310.13 $203,933.37 $212,641.22 $222,826.12 $237,737.39
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $107,019.12 $123,339.09 $103,604.76 $112,031.40 $118,433.84 $126,996.48 $133,197.92 $142,189.20 $148,331.32 $134,648.16 $162,033.36 $187,443.32

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $40,132.17 $47,002.16 $39,601.79 $42,019.28 $44,412.69 $47,623.68 $30,699.22 $33,320.93 $33,624.23 $37,993.06 $60,770.76 $70,292.07

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14 Ianuary-1S Iebruary-1S March-1S
SÞC1II¥ ÞkLMIUM
MCN1nL¥ GkCSS kLVLNUL $24,139,899.49 $23,391,964.82 $23,293,837.11 $23,479,361.03 $27,026,630.38 $28,164,223.49 $29,621,830.46 $30,732,291.28 $31,840,910.46 $33,336,161.39 $33,689,264.47 $36,988,138.40 $37,684,667.20 $36,942,679.30 $42,339,077.44
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -3.10° 8.14° 0.73° 6.07° 4.21° 3.18° 3.73° 3.61° 3.39° 0.40° 9.79° 1.88° -1.97° 13.20°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 2,673,478 2,688,123 2,640,119 2,801,283 2,960,846 3,174,912 3,379,948 3,334,730 3,708,283 3,866,204 4,031,384 4,686,138 3,476,893 3,639,092 3,899,638
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 0.47° -1.79° 6.10° 3.70° 7.23° 6.46° 3.17° 4.32° 4.26° 4.79° 13.67° 16.87° 2.96° 4.62°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS
CNL MCN1n 1,838,977,780 1,794,270,063 2,063,328,003 2,172,380,768 2,226,936,731 2,173,789,474 2,429,100,788 2,331,302,663 2,600,661,337 2,833,834,684 2,808,974,333 3,440,629,936 3,880,194,828 3,689,442,831 4,314,366,992
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -3.48° 13.01° 3.28° 2.31° -2.30° 11.64° 3.03° 1.93° 9.73° -1.37° 22.49° 12.78° -4.92° 16.94°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$16,830,230.48 $16,214,883.03 $17,113,939.99 $17,666,967.48 $18,404,843.90 $19,428,203.30 $20,386,413.08 $21,603,997.43 $22,143,761.78 $23,131,131.33 $24,073,193.67 $23,709,269.08 $28,116,423.49 $30,346,633.79 $33,238,923.39
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 69.80° 69.32° 67.66° 69.34° 68.10° 68.98° 69.30° 70.30° 69.33° 68.93° 71.46° 69.31° 74.61° 82.69° 78.13°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -3.77° 3.36° 3.22° 4.18° 3.36° 3.96° 4.93° 2.30° 4.43° 4.07° 6.80° 9.36° 8.64° 8.88°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $7,289,669.01 $7,177,081.77 $8,179,897.12 $7,812,393.33 $8,621,784.68 $8,736,017.99 $9,033,437.38 $9,126,293.83 $9,693,148.68 $10,423,010.04 $9,616,070.80 $11,278,869.32 $9,368,243.71 $6,396,023.71 $9,300,134.03
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 30.20° 30.68° 32.34° 30.66° 31.90° 31.02° 30.30° 29.70° 30.43° 31.07° 28.34° 30.49° 23.39° 17.31° 21.83°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -1.34° 13.97° -4.49° 10.36° 1.32° 3.43° 1.01° 6.23° 7.33° -7.76° 17.29° -13.17° -33.13° 43.41°
nCW1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $3,036,730.68 $2,436,136.31 $3,094,182.32 $3,207,381.63 $3,377,740.38 $3,377,026.33 $3,789,443.07 $3,968,828.31 $3,783,809.73 $3,978,724.83 $4,088,728.89 $4,619,420.77 $3,068,201.44 $3,110,780.97 $3,394,234.37
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 12.66° 10.30° 12.23° 12.39° 12.30° 12.70° 12.79° 12.91° 11.88° 11.86° 12.14° 12.49° 13.43° 13.83° 13.14°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $1,337,739.00 $1,366,738.68 $1,320,039.30 $1,400,642.30 $1,480,423.00 $1,387,436.00 $1,689,974.00 $1,777,363.00 $1,834,141.30 $1,933,102.00 $2,023,692.00 $2,343,069.00 $2,738,447.30 $2,819,346.00 $2,949,819.00
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00071961 0.00087319 0.00063971 0.00064473 0.00066478 0.0007296 0.00069372 0.00069663 0.00071293 0.00067737 0.00072113 0.000681 0.00070373 0.00076422 0.00068372
WhaL ° Change lromLasL MonLh's Mechanlcal 8oyalLy 8aLe - 21.34° -26.74° 0.79° 3.11° 9.73° -4.64° 0.13° 2.34° -4.99° 6.46° -3.37° 3.63° 8.28° -10.33°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 3.34° 6.70° 3.22° 3.30° 3.48° 3.64° 3.71° 3.78° 3.82° 3.76° 6.01° 6.33° 7.27° 7.63° 6.93°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 43.76° 63.79° 42.66° 43.67° 43.83° 44.38° 44.60° 44.78° 49.00° 48.39° 49.34° 30.72° 34.03° 33.17° 32.73°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 17.12° -13.74° 6.10° 3.70° 7.23° 6.46° 3.17° 4.32° 4.26° 4.79° 13.67° 16.87° 2.96° 4.62°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $1,718,991.68 $889,417.63 $1,774,122.82 $1,806,939.13 $1,897,317.38 $1,989,370.33 $2,099,469.07 $2,191,463.31 $1,929,668.23 $2,043,622.83 $2,063,036.89 $2,276,331.77 $2,329,733.94 $2,291,234.97 $2,644,413.37
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000924697 0.000493699 0.000839732 0.000831778 0.000831983 0.000914413 0.000864299 0.000838939 0.000741991 0.000716798 0.000734443 0.000661609 0.000600422 0.000621023 0.000612932
WhaL ° Change lromLasL MonLh's Þubllc Þerformance 8oyalLy 8aLe - -46.39° 73.44° -3.23° 2.43° 7.33° -3.48° -0.62° -13.62° -3.40° 2.46° -9.92° -9.23° 3.43° -1.30°
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 7.12° 3.80° 7.01° 7.09° 7.02° 7.06° 7.09° 7.13° 6.06° 6.10° 6.12° 6.13° 6.18° 6.20° 6.21°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 36.24° 36.21° 37.34° 36.33° 36.17° 33.62° 33.40° 33.22° 31.00° 31.41° 30.46° 49.28° 43.97° 44.83° 47.27°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -48.26° 99.47° 1.83° 3.00° 4.86° 3.32° 4.38° -11.93° 6.01° 0.83° 10.34° 2.33° -1.63° 13.41°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $13,793,499.80 $13,738,726.74 $14,021,737.67 $14,439,383.83 $13,027,103.32 $13,831,179.13 $16,796,970.01 $17,637,169.12 $18,361,932.03 $19,132,426.72 $19,984,464.78 $21,089,848.31 $23,048,222.03 $23,433,872.82 $27,664,688.82
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.007419938 0.007668147 0.006793041 0.006636009 0.006747882 0.007283234 0.006914892 0.006913003 0.007060493 0.00671112 0.007114303 0.006129647 0.003939963 0.006894231 0.006412224
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 37.14° 38.82° 33.43° 36.73° 33.60° 36.28° 36.70° 37.39° 37.67° 37.08° 39.32° 37.02° 61.16° 68.83° 63.00°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -0.23° 1.91° 3.12° 3.93° 3.48° 3.97° 3.00° 4.11° 4.30° 4.34° 3.33° 9.29° 10.36° 8.76°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥ $147,131.29 $172,341.23 $143,206.33 $134,070.68 $162,846.33 $174,620.16 $183,897.14 $193,310.13 $203,933.37 $212,641.22 $222,826.12 $237,737.39 $301,229.23 $310,130.06 $324,480.09
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $107,019.12 $123,339.09 $103,604.76 $112,031.40 $118,433.84 $126,996.48 $133,197.92 $142,189.20 $148,331.32 $134,648.16 $162,033.36 $187,443.32 $219,073.80 $223,363.68 $233,983.32

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n
WkCNG SÞLI1S
Money belng pald erroneously $40,132.17 $47,002.16 $39,601.79 $42,019.28 $44,412.69 $47,623.68 $30,699.22 $33,320.93 $33,624.23 $37,993.06 $60,770.76 $70,292.07 $82,133.43 $84,386.38 $88,494.37

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
SÞC1II¥ IkLL
MCN1nL¥ GkCSS kLVLNUL $3,109,480.33 $3,722,336.41 $3,282,383.03 $4,411,180.30 $3,621,066.84 $6,338,119.83 $3,826,989.41 $6,762,988.90 $3,237,684.89 $6,803,831.19 $6,040,044.08 $8,332,326.14
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - 19.72° 41.90° -16.49° 27.43° 12.76° -8.06° 16.06° -22.33° 29.90° -11.23° 38.29°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 8,734,203 9,271,334 9,694,304 10,040,947 10,913,116 11,136,491 12,013,412 12,690,208 13,224,130 13,897,939 14,473,393 14,682,071
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 6.13° 4.36° 3.37° 8.71° 2.03° 7.87° 3.63° 4.21° 3.10° 4.14° 1.44°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 1,969,931,213 - 2,434,603,840 2,347,193,462 2,709,923,687 2,368,902,031 2,863,206,634 3,091,302,012 3,331,633,669 3,691,611,320 3,368,793,194 3,736,846,961
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - #vALuL! 4.62° 6.39° -3.20° 11.46° 7.97° 7.77° 10.80° -3.33° 4.71°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$2,401,800.39 $3,318,431.97 $3,379,223.24 $3,273,331.34 $4,043,333.43 $4,163,848.23 $4,110,321.07 $4,674,876.76 $4,232,412.09 $3,109,019.33 $4,741,211.07 $3,773,331.78
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 77.24° 89.14° 67.76° 74.23° 71.97° 63.73° 70.34° 69.12° 80.81° 73.09° 78.30° 69.12°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- 38.17° 7.86° -8.49° 23.31° 2.98° -1.33° 13.74° -9.46° 20.71° -7.20° 21.77°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $707,679.96 $404,084.44 $1,703,161.81 $1,133,828.96 $1,373,733.41 $2,172,271.60 $1,716,668.34 $2,088,112.14 $1,003,272.80 $1,694,811.84 $1,298,833.01 $2,378,994.36
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 22.76° 10.86° 32.24° 23.73° 28.03° 34.27° 29.46° 30.88° 19.19° 24.91° 21.30° 30.88°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -42.90° 321.49° -33.31° 38.73° 37.86° -20.97° 21.64° -31.86° 68.39° -23.36° 98.36°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $433,111.38 $1,076,791.83 $643,433.70 $390,637.13 $729,486.36 $731,218.34 $741,203.44 $843,010.36 $763,221.83 $921,298.37 $834,972.49 $1,041,128.68
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 13.93° 28.93° 12.22° 13.39° 12.98° 11.83° 12.72° 12.47° 14.37° 13.34° 14.16° 12.46°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $199,613.13 $0.00 $274,307.04 $264,933.80 $321,369.83 $311,839.02 $321,833.06 $361,036.32 $446,341.91 $410,802.33 $403,878.83 $439,293.86
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00010133 #vALuL! 0.00011267 0.00010401 0.00011839 0.00012139 0.00011241 0.00011679 0.00013397 0.00011128 0.00011373 0.00012291
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 6.42° 0.00° 3.19° 6.01° 3.72° 4.92° 3.32° 3.34° 8.32° 6.04° 6.72° 3.30°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 46.09° 0.00° 42.30° 44.86° 44.03° 41.31° 43.42° 42.83° 38.48° 44.39° 47.47° 44.12°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -100.00° #ulv/0! -3.42° 21.30° -2.97° 3.21° 12.18° 23.62° -7.96° -1.20° 13.16°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $233,498.43 $1,076,791.83 $371,126.66 $323,703.33 $408,116.31 $439,379.32 $419,332.38 $481,934.04 $316,879.94 $310,496.04 $449,093.64 $381,832.82
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000118331 #vALuL! 0.000132438 0.000127867 0.000130601 0.000171038 0.000146462 0.000133896 9.31119L-03 0.000138283 0.000123839 0.000133702
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 7.31° 28.93° 7.03° 7.38° 7.26° 6.93° 7.20° 7.13° 6.03° 7.30° 7.44° 6.97°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 33.91° 100.00° 37.30° 33.14° 33.93° 38.49° 36.38° 37.17° 41.32° 33.41° 32.33° 33.88°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- 361.16° -63.33° -12.24° 23.30° 7.66° -4.36° 14.93° -34.23° 61.10° -12.03° 29.36°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $1,968,689.01 $2,241,660.12 $2,933,789.34 $2,684,714.21 $3,313,847.07 $3,414,629.71 $3,369,113.63 $3,831,866.20 $3,469,190.24 $4,187,720.78 $3,886,238.38 $4,732,403.10
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.000999369 #vALuL! 0.001203037 0.001033988 0.001223394 0.001329218 0.001176693 0.001239484 0.001041281 0.001134388 0.00108893 0.001266416
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 63.31° 60.22° 33.34° 60.86° 38.99° 33.87° 37.82° 36.66° 66.24° 61.33° 64.34° 36.66°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 13.87° 30.88° -8.49° 23.31° 2.98° -1.33° 13.74° -9.46° 20.71° -7.20° 21.77°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$21,937.44 $0.00 $30,173.77 $29,142.72 $33,330.68 $34,302.29 $33,403.84 $39,716.22 $49,097.61 $43,188.28 $44,646.67 $30,322.34
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $13,969.03 $0.00 $21,944.36 $21,194.70 $23,709.39 $24,947.12 $23,748.24 $28,884.32 $33,707.33 $32,864.20 $32,470.31 $36,743.67

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $3,988.39 $0.00 $8,229.21 $7,948.01 $9,641.10 $9,333.17 $9,633.39 $10,831.70 $13,390.26 $12,324.08 $12,176.37 $13,778.88

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14 Ianuary-1S Iebruary-1S March-1S
SÞC1II¥ IkLL
MCN1nL¥ GkCSS kLVLNUL $3,109,480.33 $3,722,336.41 $3,282,383.03 $4,411,180.30 $3,621,066.84 $6,338,119.83 $3,826,989.41 $6,762,988.90 $3,237,684.89 $6,803,831.19 $6,040,044.08 $8,332,326.14 $3,163,148.67 $3,042,033.69 $9,602,232.23
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - 19.72° 41.90° -16.49° 27.43° 12.76° -8.06° 16.06° -22.33° 29.90° -11.23° 38.29° -38.16° -2.38° 90.44°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 8,734,203 9,271,334 9,694,304 10,040,947 10,913,116 11,136,491 12,013,412 12,690,208 13,224,130 13,897,939 14,473,393 14,682,071 14,789,230 13,068,397 16,403,409
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 6.13° 4.36° 3.37° 8.71° 2.03° 7.87° 3.63° 4.21° 3.10° 4.14° 1.44° 0.73° 1.89° 8.87°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 1,969,931,213 - 2,434,603,840 2,347,193,462 2,709,923,687 2,368,902,031 2,863,206,634 3,091,302,012 3,331,633,669 3,691,611,320 3,368,793,194 3,736,846,961 3,628,332,008 6,833,022,240 4,129,879,880
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - #vALuL! 4.62° 6.39° -3.20° 11.46° 7.97° 7.77° 10.80° -3.33° 4.71° -2.90° 88.86° -39.74°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$2,401,800.39 $3,318,431.97 $3,379,223.24 $3,273,331.34 $4,043,333.43 $4,163,848.23 $4,110,321.07 $4,674,876.76 $4,232,412.09 $3,109,019.33 $4,741,211.07 $3,773,331.78 $4,426,234.60 $4,672,686.22 $6,630,074.39
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 77.24° 89.14° 67.76° 74.23° 71.97° 63.73° 70.34° 69.12° 80.81° 73.09° 78.30° 69.12° 83.69° 92.67° 69.26°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs Polders - 38.17° 7.86° -8.49° 23.31° 2.98° -1.33° 13.74° -9.46° 20.71° -7.20° 21.77° -23.34° 3.37° 42.32°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $707,679.96 $404,084.44 $1,703,161.81 $1,133,828.96 $1,373,733.41 $2,172,271.60 $1,716,668.34 $2,088,112.14 $1,003,272.80 $1,694,811.84 $1,298,833.01 $2,378,994.36 $738,914.07 $369,349.47 $2,932,177.64
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 22.76° 10.86° 32.24° 23.73° 28.03° 34.27° 29.46° 30.88° 19.19° 24.91° 21.30° 30.88° 14.31° 7.33° 30.74°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -42.90° 321.49° -33.31° 38.73° 37.86° -20.97° 21.64° -31.86° 68.39° -23.36° 98.36° -71.33° -30.01° 699.29°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $433,111.38 $1,076,791.83 $643,433.70 $390,637.13 $729,486.36 $731,218.34 $741,203.44 $843,010.36 $763,221.83 $921,298.37 $834,972.49 $1,041,128.68 $798,173.43 $1,081,207.86 $1,199,193.78
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 13.93° 28.93° 12.22° 13.39° 12.98° 11.83° 12.72° 12.47° 14.37° 13.34° 14.16° 12.46° 13.43° 21.44° 12.49°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Mechanlcal 8oyalLles $199,613.13 $0.00 $274,307.04 $264,933.80 $321,369.83 $311,839.02 $321,833.06 $361,036.32 $446,341.91 $410,802.33 $403,878.83 $439,293.86 $299,281.32 $610,124.37 $309,874.97
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00010133 #vALuL! 0.00011267 0.00010401 0.00011839 0.00012139 0.00011241 0.00011679 0.00013397 0.00011128 0.00011373 0.00012291 0.00008248 0.00008903 0.00012346
- #vALuL! #vALuL! -7.69° 14.02° 2.36° -7.40° 3.90° 14.71° -16.94° 2.20° 8.07° -32.89° 7.94° 38.67°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 6.42° 0.00° 3.19° 6.01° 3.72° 4.92° 3.32° 3.34° 8.32° 6.04° 6.72° 3.30° 3.79° 12.10° 3.31°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 46.09° 0.00° 42.30° 44.86° 44.03° 41.31° 43.42° 42.83° 38.48° 44.39° 47.47° 44.12° 37.30° 36.43° 42.32°
1he °Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -100.00° #ulv/0! -3.42° 21.30° -2.97° 3.21° 12.18° 23.62° -7.96° -1.20° 13.16° -34.84° 103.86° -16.43°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Þubllc Þerformance $233,498.43 $1,076,791.83 $371,126.66 $323,703.33 $408,116.31 $439,379.32 $419,332.38 $481,934.04 $316,879.94 $310,496.04 $449,093.64 $381,832.82 $498,892.13 $471,083.29 $689,318.81
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc Þerformance
8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000118331 #vALuL! 0.000132438 0.000127867 0.000130601 0.000171038 0.000146462 0.000133896 9.31119L-03 0.000138283 0.000123839 0.000133702 0.000137491 0.000068741 0.00016691
- #vALuL! #vALuL! -16.12° 17.78° 13.37° -14.37° 6.44° -38.99° 43.39° -9.00° 23.73° -11.70° -30.00° 142.81°
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 7.31° 28.93° 7.03° 7.38° 7.26° 6.93° 7.20° 7.13° 6.03° 7.30° 7.44° 6.97° 9.66° 9.34° 7.18°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 33.91° 100.00° 37.30° 33.14° 33.93° 38.49° 36.38° 37.17° 41.32° 33.41° 32.33° 33.88° 62.30° 43.37° 37.48°
1he °Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- 361.16° -63.33° -12.24° 23.30° 7.66° -4.36° 14.93° -34.23° 61.10° -12.03° 29.36° -14.26° -3.37° 46.33°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $1,968,689.01 $2,241,660.12 $2,933,789.34 $2,684,714.21 $3,313,847.07 $3,414,629.71 $3,369,113.63 $3,831,866.20 $3,469,190.24 $4,187,720.78 $3,886,238.38 $4,732,403.10 $3,628,061.13 $3,391,478.36 $3,430,880.81
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.000999369 #vALuL! 0.001203037 0.001033988 0.001223394 0.001329218 0.001176693 0.001239484 0.001041281 0.001134388 0.00108893 0.001266416 0.00099987 0.000324072 0.001319864
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 63.31° 60.22° 33.34° 60.86° 38.99° 33.87° 37.82° 36.66° 66.24° 61.33° 64.34° 36.66° 70.24° 71.23° 36.77°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 13.87° 30.88° -8.49° 23.31° 2.98° -1.33° 13.74° -9.46° 20.71° -7.20° 21.77° 640340017.96° -1.01° 31.77°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥ $21,937.44 $0.00 $30,173.77 $29,142.72 $33,330.68 $34,302.29 $33,403.84 $39,716.22 $49,097.61 $43,188.28 $44,646.67 $30,322.34 $32,920.93 $67,113.70 $36,086.23
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $13,969.03 $0.00 $21,944.36 $21,194.70 $23,709.39 $24,947.12 $23,748.24 $28,884.32 $33,707.33 $32,864.20 $32,470.31 $36,743.67 $23,942.31 $48,809.97 $40,790.00

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $3,988.39 $0.00 $8,229.21 $7,948.01 $9,641.10 $9,333.17 $9,633.39 $10,831.70 $13,390.26 $12,324.08 $12,176.37 $13,778.88 $8,978.44 $18,303.74 $13,296.23

Ianuary-1S Iebruary-1S March-1S
SÞC1II¥ 8UNDLLD
MCN1nL¥ GkCSS kLVLNUL $696,781.61 $804,189.84 $1,006,233.16
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - 13.41° 23.13°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 262,333 268,828 278,383
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 2.48° 3.63°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 113,600,709 110,918,198 134,310,908
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -4.03° 21.09°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC kIGn1S
nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$633,131.73 $631,319.10 $704,178.32
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 91.13° 80.99° 69.98°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs Polders - 2.33° 8.12°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $61,649.88 $132,870.74 $302,074.64
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 8.83° 19.01° 30.02°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - 147.97° 97.60°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $131,167.30 $134,414.00 $139,292.30
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 18.82° 16.71° 13.84°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Mechanlcal 8oyalLles $131,167.30 $134,414.00 $139,292.30
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00113466 0.00121183 0.00103709
WhaL ° Change lromLasL MonLh's Mechanlcal 8oyalLy 8aLe
- 6.80° -14.42°
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 18.82° 16.71° 13.84°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 100.00° 100.00° 100.00°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 2.48° 3.63°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls lor
Þubllc Þerformance $0.00 $0.00 $0.00
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc Þerformance
8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0 0 0
WhaL ° Change lromLasL MonLh's Þubllc Þerformance 8oyalLy 8aLe
- #ulv/0! #ulv/0!
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 0.00° 0.00° 0.00°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 0.00° 0.00° 0.00°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- #ulv/0! #ulv/0!
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $303,964.23 $316,903.10 $364,886.02
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.004339323 0.004660237 0.004203809
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 72.33° 64.28° 36.14°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 2.37° 9.28°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$14,428.43 $14,783.34 $13,322.18
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $10,493.40 $10,733.12 $11,143.40

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $3,933.03 $4,032.42 $4,178.78

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
knAÞSCD¥ DLSk1CÞ
MCN1nL¥ GkCSS kLVLNUL $64,867.24 $64,866.62 $63,040.30 $61,837.92 $61,127.90 $66,637.71 $63,933.48 $61,179.49 $39,111.33 $36,689.17 $34,336.83 $32,634.28
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - 0.00° -2.82° -1.91° -1.13° 9.03° -4.03° -4.34° -3.38° -4.10° -4.13° -3.13°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 20,939 22,769 22,333 22,442 20,392 16,363 13,366 13,632 20,678 21,000 20,267 19,043
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - 8.74° -0.93° -0.49° -9.13° -19.73° -4.88° 0.42° 32.28° 1.36° -3.49° -6.04°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 2,930,720 2,344,141 2,787,391 2,696,473 2,380,879 1,803,293 2,487,162 2,430,343 2,636,168 2,714,898 2,389,933 2,699,170
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -13.19° 9.36° -3.26° -4.29° -30.13° 37.92° -2.28° 8.46° 2.99° -4.60° 4.22°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$61,112.68 $63,017.20 $63,182.66 $64,329.44 $63,304.44 $48,313.42 $43,828.19 $46,244.66 $39,167.30 $60,644.21 $38,631.31 $33,000.69
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 94.21° 100.23° 103.40° 104.03° 103.36° 72.78° 71.66° 73.39° 100.10° 106.98° 107.90° 100.70°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- 6.39° 0.23° -1.31° -1.39° -23.36° -3.34° 0.91° 27.94° 2.30° -3.32° -9.60°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $3,734.36 -$130.38 -$2,142.16 -$2,491.32 -$2,176.34 $18,144.29 $18,127.29 $14,934.83 -$36.17 -$3,933.04 -$4,294.46 -$366.41
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 3.79° -0.23° -3.40° -4.03° -3.36° 27.22° 28.34° 24.41° -0.10° -6.98° -7.90° -0.70°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -104.01° 1322.61° 16.31° -12.64° -933.63° -0.09° -17.61° -100.38° 6941.20° 8.38° -91.47°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $10,469.30 $11,384.30 $11,276.30 $11,221.00 $10,196.00 $8,182.30 $7,783.00 $7,816.00 $10,339.00 $10,300.00 $10,133.30 $9,321.30
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 16.14° 17.33° 17.89° 18.13° 16.68° 12.28° 12.17° 12.78° 17.49° 18.32° 18.63° 18.09°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $6,920.46 $7,804.33 $7,813.63 $7,809.74 $6,806.99 $4,480.90 $4,213.60 $4,461.63 $7,072.39 $7,329.32 $7,072.32 $6,370.40
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00236133 0.00306737 0.00280393 0.00289628 0.00263747 0.00248484 0.00169414 0.00183363 0.00268283 0.00269974 0.00273073 0.00243423
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 10.67° 12.03° 12.40° 12.63° 11.14° 6.72° 6.39° 7.29° 11.96° 12.93° 13.02° 12.48°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 66.10° 68.33° 69.31° 69.60° 66.76° 34.76° 34.14° 37.08° 68.40° 69.80° 69.79° 69.01°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - 12.77° 0.13° -0.08° -12.84° -34.17° -3.97° 3.89° 38.32° 3.64° -3.31° -7.10°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $3,349.03 $3,380.17 $3,460.83 $3,411.26 $3,389.01 $3,701.60 $3,369.40 $3,334.37 $3,266.61 $3,170.48 $3,060.98 $2,931.10
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.001210981 0.001407222 0.001241609 0.001263082 0.001313123 0.002032687 0.00143313 0.00138009 0.001239131 0.001167808 0.001181866 0.001093336
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 3.47° 3.32° 3.49° 3.32° 3.34° 3.33° 3.38° 3.48° 3.33° 3.39° 3.63° 3.61°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 33.90° 31.43° 30.69° 30.40° 33.24° 43.24° 43.86° 42.92° 31.60° 30.20° 30.21° 30.99°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- 0.88° -3.33° -1.43° -0.63° 9.22° -3.37° -6.02° -2.62° -2.94° -3.43° -3.39°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $30,643.18 $33,632.70 $33,906.16 $33,108.44 $33,108.44 $40,330.92 $38,043.19 $38,428.66 $48,828.30 $30,144.21 $48,497.81 $43,479.19
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.017280117 0.021080869 0.019339287 0.019693323 0.020377639 0.022363124 0.01329663 0.013810717 0.018322331 0.018470013 0.018723347 0.016108337
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 78.07° 82.68° 83.31° 83.88° 86.88° 60.30° 39.49° 62.81° 82.60° 88.43° 89.23° 82.61°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- 3.90° 0.31° -1.48° 0.00° -24.06° -3.67° 1.01° 27.06° 2.69° -3.28° -10.33°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$761.23 $838.48 $839.72 $839.07 $748.77 $492.90 $463.30 $490.78 $777.96 $806.23 $777.98 $722.74
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $333.64 $624.33 $623.23 $624.78 $344.36 $338.47 $337.09 $336.93 $363.79 $386.36 $363.80 $323.63

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $207.61 $234.13 $234.47 $234.29 $204.21 $134.43 $126.41 $133.83 $212.17 $219.89 $212.18 $197.11

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
knAÞSCD¥ ÞCk1A8LL
MCN1nL¥ GkCSS kLVLNUL $8,714,994.16 $8,387,623.16 $8,461,200.77 $8,323,096.00 $8,138,607.43 $8,024,446.36 $7,886,788.18 $7,740,262.03 $7,390,122.82 $7,377,712.01 $7,468,838.28 $7,460,881.03
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - -1.46° -1.47° -1.61° -2.00° -1.64° -1.72° -1.86° -1.94° -0.16° -1.44° -0.11°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n 837,386 836,231 816,392 800,410 782,963 767,731 739,260 747,734 733,336 723,049 711,220 703,433
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - -2.49° -2.33° -1.98° -2.18° -1.94° -1.11° -1.32° -1.63° -1.70° -1.64° -0.81°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n 474,716,736 443,399,266 304,094,003 489,398,638 300,911,373 342,337,796 488,468,143 480,980,247 437,039,628 466,346,499 437,984,821 487,280,863
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - -6.13° 13.13° -2.92° 2.33° -31.61° 42.39° -1.33° -9.13° 6.70° -1.79° 6.40°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
$4,940,673.44 $4,830,974.88 $4,873,713.13 $4,822,904.46 $4,803,423.16 $3,033,939.03 $4,976,312.93 $4,940,232.13 $4,836,283.22 $4,733,094.63 $4,677,488.23 $4,323,844.62
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders 36.69° 36.49° 37.62° 37.93° 38.90° 62.73° 63.10° 63.83° 63.72° 62.73° 62.63° 60.63°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- -1.82° 0.31° -1.08° -0.36° 4.76° -1.14° -0.73° -2.10° -1.68° -1.63° -3.28°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL $3,774,320.72 $3,736,630.28 $3,383,483.64 $3,302,191.34 $3,333,184.29 $2,990,487.33 $2,910,273.23 $2,800,029.92 $2,733,837.60 $2,822,617.38 $2,791,370.03 $2,937,036.43
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce 43.31° 43.31° 42.38° 42.07° 41.10° 37.27° 36.90° 36.17° 36.28° 37.23° 37.37° 39.37°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - -1.00° -4.03° -2.32° -4.23° -10.82° -2.68° -3.79° -1.63° 2.30° -1.11° 3.22°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) $913,074.39 $901,700.64 $888,426.08 $874,133.08 $836,633.78 $842,366.89 $828,112.76 $812,727.32 $796,962.90 $793,639.76 $784,230.12 $783,392.31
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles $664,309.13 $662,280.82 $631,163.43 $642,443.38 $629,610.33 $617,263.17 $606,296.43 $398,863.70 $374,108.42 $374,114.31 $360,623.80 $333,312.08
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed 0.00139938 0.00148627 0.00129173 0.00131272 0.00123693 0.00180193 0.00124122 0.00124309 0.00131337 0.00123109 0.00122411 0.00113392
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles 7.62° 7.71° 7.70° 7.72° 7.72° 7.69° 7.69° 7.74° 7.36° 7.38° 7.31° 7.42°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals 72.60° 73.43° 73.29° 73.49° 73.30° 73.26° 73.21° 73.69° 72.04° 72.16° 71.49° 70.66°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - -0.31° -1.68° -1.34° -2.00° -1.96° -1.78° -1.23° -4.13° 0.00° -2.33° -1.27°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance $230,763.23 $239,419.82 $237,262.63 $231,691.70 $227,043.23 $223,301.72 $221,816.33 $213,863.82 $222,834.48 $221,343.23 $223,606.32 $229,880.43
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
0.000328242 0.000337299 0.000470671 0.000473421 0.00043326 0.000637704 0.000434106 0.000444642 0.000309893 0.000473066 0.00048824 0.000471762
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance 2.88° 2.79° 2.80° 2.78° 2.78° 2.81° 2.81° 2.76° 2.94° 2.92° 2.99° 3.08°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance 27.40° 26.33° 26.71° 26.31° 26.30° 26.74° 26.79° 26.31° 27.96° 27.84° 28.31° 29.34°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- -4.32° -0.90° -2.33° -2.01° -0.77° -1.33° -3.39° 4.20° -0.39° 0.93° 2.81°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng $4,023,399.03 $3,949,274.24 $3,987,289.03 $3,948,769.38 $3,948,769.38 $4,191,392.14 $4,148,400.19 $4,127,304.61 $4,039,322.32 $3,939,434.87 $3,893,238.11 $3,740,432.11
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
0.008480002 0.008862838 0.007909812 0.008068613 0.00788317 0.012233377 0.008492673 0.008381443 0.009242039 0.008490328 0.008300843 0.007676173
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs 46.19° 43.99° 47.12° 47.43° 48.40° 32.23° 32.60° 33.33° 33.22° 32.23° 32.13° 30.13°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- -1.90° 0.96° -0.97° 0.00° 6.14° -1.03° -0.30° -2.14° -1.98° -1.67° -3.92°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
$73,074.00 $72,830.89 $71,627.98 $70,668.77 $69,237.16 $67,899.17 $66,692.61 $63,873.01 $63,131.93 $63,132.60 $61,668.62 $60,886.33
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald $33,144.73 $32,982.47 $32,093.07 $31,393.47 $30,368.84 $49,381.21 $48,303.71 $47,909.10 $43,928.67 $43,929.16 $44,849.90 $44,280.97

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously $19,929.27 $19,868.42 $19,334.90 $19,273.30 $18,888.32 $18,317.96 $18,188.89 $17,963.91 $17,223.23 $17,223.44 $16,818.71 $16,603.36

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
knAÞSCD¥ 8UNDLLD
MCN1nL¥ GkCSS kLVLNUL - - - - - $22,667.71 $83,874.67 $173,164.74 $204,192.44 $204,301.31 $217,307.03 $269,444.40
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - - - - - #vALuL! 270.02° 106.46° 17.92° 0.03° 6.37° 23.99°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n - - - - - 9,716 31,030 33,328 61,643 63,836 72,303 92,662
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - - - - - #vALuL! 423.22° 8.42° 11.42° 6.80° 9.83° 28.13°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n - - - - - 4,707,968 13,364,008 16,393,283 17,903,337 21,733,837 21,792,030 27,793,331
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - - - - #vALuL! 188.11° 20.86° 9.22° 21.49° 0.18° 27.33°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
- - - - - $23,808.26 $119,740.67 $163,392.33 $166,831.69 $183,094.38 $201,077.43 $241,383.84
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders - - - - - 113.83° 142.76° 94.36° 81.71° 90.60° 92.33° 89.66°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- - - - - #vALuL! 363.96° 36.46° 2.12° 10.93° 8.63° 20.13°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL - - - - - -$3,140.33 -$33,866.00 $9,772.21 $37,340.73 $19,206.93 $16,229.60 $27,838.36
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce - - - - - -13.83° -42.76° 3.64° 18.29° 9.40° 7.47° 10.34°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - - - - - #vALuL! 1042.03° -127.23° 282.11° -48.36° -13.30° 71.63°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) - - - - - $4,479.12 $20,781.44 $28,337.38 $28,937.73 $32,123.83 $34,897.74 $41,928.12
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon - - - - - 19.76° 24.78° 16.38° 14.18° 13.72° 16.06° 13.36°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles - - - - - $3,243.32 $16,343.41 $19,336.04 $18,439.83 $21,946.81 $24,869.96 $29,328.88
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed - - - - - 0.0006889 0.00120491 0.00118073 0.00102983 0.00100887 0.00114124 0.00106236
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles - - - - - 14.31° 19.49° 11.18° 9.03° 10.74° 11.44° 10.96°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals - - - - - 72.41° 78.64° 68.26° 63.68° 68.32° 71.27° 70.43°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - - - - - #vALuL! 403.91° 18.43° -4.73° 19.02° 13.32° 18.73°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance - - - - - $1,233.80 $4,438.03 $9,001.34 $10,317.90 $10,177.04 $10,027.78 $12,399.24
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
- - - - - 0.000262491 0.000327192 0.000349087 0.000387416 0.000467827 0.000460138 0.000446087
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance - - - - - 3.43° 3.29° 3.20° 3.13° 4.98° 4.61° 4.60°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance - - - - - 27.39° 21.36° 31.74° 36.32° 31.68° 28.73° 29.37°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- - - - - #vALuL! 239.12° 102.82° 16.83° -3.24° -1.47° 23.63°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng - - - - - $21,329.14 $98,939.23 $133,033.13 $137,893.96 $132,970.73 $166,179.71 $199,637.72
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
- - - - - 0.004330434 0.007293722 0.008237224 0.007701269 0.00703189 0.007623703 0.007183082
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs - - - - - 94.09° 117.98° 77.98° 67.33° 74.87° 76.47° 74.10°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- - - - - #vALuL! 363.96° 36.46° 2.12° 10.93° 8.63° 20.13°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
- - - - - $336.77 $1,797.77 $2,129.16 $2,028.38 $2,414.13 $2,733.70 $3,248.18
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald - - - - - $239.47 $1,307.47 $1,348.48 $1,473.19 $1,733.73 $1,989.60 $2,362.31

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously - - - - - $97.30 $490.30 $380.68 $333.19 $638.40 $746.10 $883.87

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
8LA1S IkLL
MCN1nL¥ GkCSS kLVLNUL - - $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - - #vALuL! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n - - n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - - #vALuL! #vALuL! #vALuL! #vALuL! #vALuL! #vALuL! #vALuL! #vALuL! #vALuL! #vALuL!
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n - - 328,343 1,468,732 2,398,327 2,144,168 1,797,023 1,400,303 1,108,687 764,314 626,303 363,216
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - #vALuL! 347.04° 63.31° -10.60° -16.19° -22.07° -20.84° -31.04° -18.08° -9.73°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
- - $1,066.29 $4,841.11 $7,912.46 $7,068.33 $3,921.03 $4,619.92 $3,637.39 $2,323.02 $1,992.09 $1,860.88
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- - #vALuL! 334.01° 63.44° -10.67° -16.23° -21.97° -20.83° -30.96° -21.11° -6.39°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL - - -$1,066.29 -$4,841.11 -$7,912.46 -$7,068.33 -$3,921.03 -$4,619.92 -$3,637.39 -$2,323.02 -$1,992.09 -$1,860.88
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - - #vALuL! 334.01° 63.44° -10.67° -16.23° -21.97° -20.83° -30.96° -21.11° -6.39°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) - - $192.28 $872.99 $1,426.84 $1,274.62 $1,067.73 $833.10 $639.33 $433.33 $339.23 $333.37
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles - - $192.28 $872.99 $1,426.84 $1,274.62 $1,067.73 $833.10 $639.33 $433.33 $339.23 $333.37
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed - - 0.000383247 0.000394383 0.000394882 0.000394439 0.000394166 0.000394838 0.000394873 0.000393381 0.00037337 0.000393702
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals - - 100.00° 100.00° 100.00° 100.00° 100.00° 100.00° 100.00° 100.00° 100.00° 100.00°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - - #vALuL! 334.02° 63.44° -10.67° -16.23° -21.97° -20.83° -30.96° -21.11° -6.39°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance - - $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
- - 0 0 0 0 0 0 0 0 0 0
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance - - 0.00° 0.00° 0.00° 0.00° 0.00° 0.00° 0.00° 0.00° 0.00° 0.00°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- - #vALuL! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng - - $874.01 $3,968.12 $6,483.62 $3,793.71 $4,833.30 $3,786.82 $2,997.86 $2,069.69 $1,632.86 $1,323.31
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
- - 0.002660244 0.002701732 0.002704001 0.002702078 0.002700743 0.0027039 0.002703973 0.002707197 0.002607132 0.002698632
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs - - #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0! #ulv/0!
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- - #vALuL! 334.01° 63.44° -10.67° -16.23° -21.97° -20.83° -30.96° -21.11° -6.39°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
- - $21.13 $96.03 $136.93 $140.21 $117.43 $91.64 $72.33 $30.09 $39.32 $36.91
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald - - $13.38 $69.84 $114.13 $101.97 $83.42 $66.63 $32.76 $36.43 $28.74 $26.83

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously - - $3.77 $26.19 $42.81 $38.24 $32.03 $24.99 $19.79 $13.66 $10.78 $10.07

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
8LA1S SU8SCkIÞ1ICN IAMIL¥
MCN1nL¥ GkCSS kLVLNUL - - $0.00 $23,978.67 $663,817.16 $1,373,166.10 $1,316,904.83 $1,961,672.13 $1,717,283.88 $1,671,019.92 $1,348,317.97 $1,327,009.06
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - - #vALuL! #ulv/0! 2433.24° 107.16° 10.31° 29.32° -12.46° -2.69° -7.33° -1.39°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n - - 61,621 134,346 190,149 206,648 196,374 210,638 184,026 146,764 130,439 114,984
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - - #vALuL! 118.02° 41.34° 8.68° -4.87° 7.13° -12.63° -20.23° -11.12° -11.83°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n - - 22,233,736 91,194,886 88,697,803 92,771,621 99,286,864 100,297,307 93,487,983 69,883,841 72,784,021 72,333,780
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - #vALuL! 310.13° -2.74° 4.39° 7.02° 1.02° -6.79° -23.23° 4.13° -0.62°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
- - $30,810.30 $82,633.68 $490,186.29 $921,838.64 $1,001,169.11 $1,271,932.66 $1,113,302.73 $1,078,160.93 $999,119.17 $983,233.31
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders - - #ulv/0! 318.09° 73.84° 67.03° 66.00° 64.84° 64.83° 64.32° 64.32° 64.32°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- - #vALuL! 168.21° 493.19° 88.06° 8.61° 27.03° -12.47° -3.16° -7.33° -1.39°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL - - -$30,810.30 -$36,637.01 $173,630.87 $433,327.46 $313,733.72 $689,719.49 $603,981.13 $392,838.97 $349,398.80 $341,773.33
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce - - #ulv/0! -218.09° 26.16° 32.97° 34.00° 33.16° 33.17° 33.48° 33.48° 33.48°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - - #vALuL! 83.89° -406.46° 161.09° 13.77° 33.74° -12.43° -1.84° -7.33° -1.39°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) - - $30,810.30 $68,601.83 $131,384.44 $178,938.14 $181,716.77 $212,230.13 $183,604.97 $173,437.09 $162,394.39 $160,333.93
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon - - #ulv/0! 264.07° 19.82° 13.01° 11.98° 10.82° 10.81° 10.30° 10.30° 10.30°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles - - $30,810.30 $67,173.00 $93,074.30 $103,324.00 $98,287.00 $103,319.00 $92,013.00 $84,386.30 $78,200.16 $77,113.96
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed - - 0.001383629 0.000736387 0.001071892 0.001113746 0.00098993 0.001030068 0.000984223 0.001207323 0.001074414 0.001066083
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles - - #ulv/0! 238.37° 14.32° 7.31° 6.48° 3.37° 3.36° 3.03° 3.03° 3.03°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals - - 100.00° 97.92° 72.23° 37.74° 34.09° 49.62° 49.37° 48.10° 48.10° 48.10°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - - #vALuL! 118.02° 41.34° 8.68° -4.87° 7.13° -12.63° -8.29° -7.33° -1.39°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance - - $0.00 $1,428.83 $36,309.94 $73,634.14 $83,429.77 $106,911.13 $93,391.97 $91,070.39 $84,394.23 $83,221.99
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
- - 0 1.36679L-03 0.000411622 0.000813272 0.00084029 0.001063942 0.001001112 0.001303171 0.001139316 0.001130327
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance - - #ulv/0! 3.30° 3.30° 3.30° 3.30° 3.43° 3.43° 3.43° 3.43° 3.43°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance - - 0.00° 2.08° 27.73° 42.26° 43.91° 30.38° 30.43° 31.90° 31.90° 31.90°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- - #vALuL! #ulv/0! 2433.23° 107.16° 10.31° 28.13° -12.46° -2.69° -7.33° -1.39°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng - - $0.00 $14,033.83 $338,601.83 $742,880.30 $819,432.34 $1,039,722.33 $927,697.78 $902,703.86 $836,324.78 $824,897.36
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
- - 0 0.000133889 0.004042962 0.008007627 0.008233381 0.010363812 0.009923177 0.012917204 0.011493248 0.011404043
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs - - #ulv/0! 34.02° 34.02° 34.02° 34.02° 34.02° 34.02° 34.02° 34.02° 34.02°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- - #vALuL! #ulv/0! 2433.26° 107.16° 10.31° 29.32° -12.46° -2.69° -7.33° -1.39°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
- - $3,389.16 $7,389.03 $10,438.20 $11,363.64 $10,811.37 $11,383.09 $10,121.43 $9,282.32 $8,602.02 $8,482.34
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald - - $2,464.84 $3,373.84 $7,603.96 $8,263.92 $7,862.96 $8,423.32 $7,361.04 $6,730.92 $6,236.01 $6,169.12

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously - - $924.32 $2,013.19 $2,832.24 $3,099.72 $2,948.61 $3,139.37 $2,760.39 $2,331.60 $2,346.00 $2,313.42

Ianuary-14 Iebruary-14 March-14 Apr||-14 May-14 Iune-14 Iu|y-14 August-14 September-14 Cctober-14 November-14 December-14
8LA1S SU8SCkIÞ1ICN IAMIL¥
MCN1nL¥ GkCSS kLVLNUL - - $417,336.86 $606,393.13 $801,420.98 $971,892.00 $1,130,773.09 $1,248,722.26 $1,313,733.08 $1,448,143.98 $1,633,966.88 $1,832,933.39
1he ° Change lromLasL MonLh ln 1he Cross 8evenue - - #vALuL! 43.27° 32.12° 21.27° 16.33° 10.43° 3.37° 10.06° 12.97° 12.04°
AVLkAGL # CI SU8SCkI8LkS IN 1nL MCN1n - - 49,371 77,640 91,130 110,227 126,610 134,418 137,688 149,864 167,969 188,133
1he ° Change lromLasL MonLh ln 1he Average number Cf Subscrlbers - - #vALuL! 37.26° 17.38° 20.96° 14.86° 6.17° 2.43° 8.84° 12.08° 12.01°
1C1AL NUM8Lk CI S1kLAMS ICk ALL SCNGS IN 1nIS CNL
MCN1n - - 31,242,634 34,884,631 61,111,833 68,230,397 83,704,716 87,687,728 92,336,811 82,793,832 103,349,040 123,140,324
1he ° Change lromLasL MonLh ln 1he number Cf MonLhly SLreams - - #vALuL! 73.67° 11.33° 11.68° 22.64° 4.76° 3.33° -10.33° 24.82° 19.13°
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD 8¥ MUSIC
kIGn1S nCLDLk (SCUND kLCCkDING + CCMÞCSI1ICN)
- - $293,847.04 $424,397.74 $344,043.61 $662,382.99 $770,443.41 $844,249.38 $883,329.70 $1,017,277.87 $1,149,874.08 $1,290,733.13
1he ° of Cross 8evenue LhaL ls pald Lo Muslc 8lghLs Polders - - 70.83° 70.00° 67.89° 68.13° 68.13° 67.61° 67.30° 70.23° 70.29° 70.42°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y Muslc 8lghLs
Polders
- - #vALuL! 43.32° 28.13° 21.73° 16.31° 9.38° 4.89° 14.88° 13.03° 12.23°
1nL NL1 LAkNLD 8¥ 1nL MUSIC SLkVICL - - $121,709.82 $181,993.39 $237,373.37 $309,309.01 $360,329.68 $404,472.88 $430,223.38 $430,866.11 $486,092.80 $342,202.26
1he ° of Cross 8evenue LhaL ls pald Lo Lhe Muslc Servlce - - 29.13° 30.00° 32.11° 31.83° 31.87° 32.39° 32.70° 29.73° 29.71° 29.38°
1he ° Change lromLasL MonLh ln 1he Money Larned 8y 1he Muslc Servlce - - #vALuL! 49.33° 41.42° 20.26° 16.42° 12.23° 6.37° 0.13° 12.82° 11.34°
nCW 1nL MCNL¥ CWLD 1C MUSIC kIGn1S
nCLDLkS IS SÞLI1
1nL 1C1AL AMCUN1 CI MCNL¥ LAkNLD ICk 1nL
CCMÞCSI1ICN (MLCnANICAL kC¥AL1¥ + ÞU8LIC
ÞLkICkMANCL) - - $47,631.13 $72,182.62 $89,643.13 $108,367.36 $123,497.63 $133,264.36 $140,332.63 $133,833.83 $173,144.69 $193,962.48
1he ° of Cross 8evenue LhaL ls pald for Lhe composlLlon - - 11.41° 11.90° 11.19° 11.17° 11.10° 10.83° 10.68° 10.62° 10.38° 10.38°
CCMÞCSI1ICN MLCnANICAL kC¥AL1ILS (ÞAk1 1)
Cf Lhe 1oLal AmounL Cd Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Mechanlcal 8oyalLles - - $24,683.30 $38,820.00 $43,363.00 $33,113.30 $63,303.00 $67,209.00 $68,844.00 $74,932.00 $83,984.30 $94,067.30
Pow Much ls Larned 8y 1he SongwrlLer/Þubllsher as a Mechanlcal 8oyalLy
Lach 1lme a 8ecordlng of 1helr Song ls SLreamed - - 0.000790122 0.000707302 0.0007436 0.000807319 0.00073629 0.000766438 0.000743963 0.000903021 0.00081263 0.000763903
WhaL ° of Lhe Cross 8evenue ls lor Mechanlcal 8oyalLles - - 3.91° 6.40° 3.69° 3.67° 3.60° 3.38° 3.23° 3.17° 3.13° 3.13°
WhaL ° of Lhe ComposlLlon Money ls for Mechanlcals - - 31.80° 33.78° 30.83° 30.76° 30.44° 49.69° 48.98° 48.70° 48.31° 48.30°
1he ° Change lromLasL MonLh ln 1he Mechanlcal 8oyalLy Þool - - #vALuL! 37.26° 17.38° 20.96° 14.86° 6.17° 2.43° 8.84° 12.08° 12.01°
CCMÞCSI1ICN: ÞU8LIC ÞLkICkMANCL (ÞAk1 2)
Cf Lhe 1oLal AmounL Cf Money Larned lor Lhe ComposlLlon, Pow Much ls
lor Þubllc Þerformance - - $22,963.63 $33,362.62 $44,078.13 $33,434.06 $62,192.63 $68,033.36 $71,708.63 $78,923.83 $89,160.19 $99,894.98
Pow Much ls CeneraLed 8y 1he SongwrlLer/Þubllsher as a Þubllc
Þerformance 8oyalLy Lach 1lme a 8ecordlng of 1helr Song ls SLreamed
- - 0.000733073 0.000607868 0.00072127 0.000783203 0.000743 0.00077611 0.00077492 0.000933234 0.000862709 0.000811229
WhaL ° of Lhe Cross 8evenue ls lor Þubllc Þerformance - - 3.30° 3.30° 3.30° 3.30° 3.30° 3.43° 3.43° 3.43° 3.43° 3.43°
WhaL ° of Lhe ComposlLlon Money ls for Þubllc Þerformance - - 48.20° 46.22° 49.17° 49.24° 49.36° 30.31° 31.02° 31.30° 31.49° 31.30°
1he ° Change lromLasL MonLh ln 1he Þubllc Þerformance 8oyalLy Þool
- - #vALuL! 43.27° 32.12° 21.27° 16.33° 9.43° 3.37° 10.06° 12.97° 12.04°
SCUND kLCCkDING
1he 1oLal AmounL Cf Money Larned lor Lhe Sound 8ecordlng - - $248,193.91 $332,413.12 $434,402.46 $333,813.43 $644,947.78 $708,983.02 $744,977.03 $863,422.02 $976,729.39 $1,096,770.63
Pow Much ls CeneraLed lor 1he Sound 8ecordlng Lach 1lme lL ls SLreamed
- - 0.007944142 0.006421016 0.007433386 0.008114463 0.007703033 0.008083339 0.008030602 0.010428323 0.009430783 0.008906673
WhaL ° Cf 1he Cross 8evenue ls for Sound 8ecordlngs - - 39.44° 38.10° 36.70° 36.98° 37.04° 36.78° 36.62° 39.62° 39.70° 39.84°
1he ° Change lromLasL MonLh ln 1he Sound 8ecordlng 8oyalLy Þool
- - #vALuL! 41.99° 28.94° 21.88° 16.46° 9.93° 3.08° 13.90° 13.12° 12.29°
MCNL¥ NC1 8LING ÞAID Ck ÞAID 1C WkCNG LN1I1¥
- - $2,713.41 $4,270.20 $3,012.13 $6,062.49 $6,963.33 $7,392.99 $7,372.84 $8,242.32 $9,238.30 $10,347.43
MCNL¥ NC1 8LING ÞAID
AssumpLlon AmounL noL belng pald - - $1,974.84 $3,103.60 $3,643.20 $4,409.08 $3,064.40 $3,376.72 $3,307.32 $3,994.36 $6,718.76 $7,323.40

MCNL¥ 8LING ÞAID 1C WkCNG LN1I1¥ Ck WI1n WkCNG
SÞLI1S
Money belng pald erroneously - - $740.37 $1,164.60 $1,366.93 $1,633.41 $1,899.13 $2,016.27 $2,063.32 $2,247.96 $2,319.34 $2,822.03

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