--- title: About Buyback description: Learn how the Buyback Option works on ANote Music and under which conditions a catalogue may be repurchased by its original offeror. --- [Skip to content](https://support.anotemusic.com/about-buyback#main-content) - [English](https://support.anotemusic.com/about-buyback) - [Français](https://support.anotemusic.com/fr/about-buyback) - [Italiano](https://support.anotemusic.com/it/about-buyback) English Show submenu for translations [![anotemusic-logo](https://support.anotemusic.com/hubfs/anotemusic-logo.svg)](https://www.anotemusic.com?hsLang=en) - [Why Music](https://www.anotemusic.com/why-music) - [Marketplace](https://www.anotemusic.com/marketplace) - [Company](https://www.anotemusic.com/company) Open main navigation Close main navigation - [Why Music](https://www.anotemusic.com/why-music) - [Marketplace](https://www.anotemusic.com/marketplace) - [Company](https://www.anotemusic.com/company) - - [English](https://support.anotemusic.com/about-buyback) - [Français](https://support.anotemusic.com/fr/about-buyback) - [Italiano](https://support.anotemusic.com/it/about-buyback) English Show submenu for translations - [Log in](https://app.anotemusic.com/) [Log in](https://app.anotemusic.com/) How can we help? - There are no suggestions because the search field is empty. 1. [ANote Music Support Centre](https://support.anotemusic.com/?hsLang=en) 2. [Catalogues](https://support.anotemusic.com/catalogues?hsLang=en) # About Buyback Some catalogues on the ANote Music platform come with a **Buyback Option**. This means the original offeror of the royalty shares (such as a publisher, record label, or artist) may retain the right to repurchase the catalogue shares from the market. ### **How it works** If this option is exercised: - The original offeror can buy back all outstanding royalty interest shares. - The repurchase price will include a minimum 15% premium over the volume-weighted average price (VWAP) of trades executed on the Secondary Market during the last 30 calendar days. - The VWAP and applicable price are calculated by ANote Music, based on actual trading activity. If trading volumes are too low or inconsistent to establish a fair value, ANote may apply an alternative calculation method to determine the fair market value of the catalogue shares. - Outstanding orders in the market are cancelled. - The buyback payment will be distributed to all owners of the remaining catalogue shares as an extraordinary final royalty payout, before the actual transfer of ownership of the repurchased shares. - The exercise of the buyback option may also shorten the original contract duration. Please refer to the catalogue’s contracts for full legal terms. ### **Important to know** - The availability and specific terms of the Buyback Option depend on each catalogue’s listing contracts. - To check if a catalogue includes this feature, visit the catalogue page and look for the "**Catalogue features**" section. ![Buyback](https://support.anotemusic.com/hs-fs/hubfs/Support%20Centre/Buyback.png?width=344&height=286&name=Buyback.png) For further questions, contact **support@anotemusic.com**. - [ANote Music](https://support.anotemusic.com/anote-music?hsLang=en) - [Market](https://support.anotemusic.com/market?hsLang=en#main-content) - [Auction](https://support.anotemusic.com/market?hsLang=en#auction) - [Secondary Market](https://support.anotemusic.com/market?hsLang=en#secondary-market) - [Add and withdraw funds](https://support.anotemusic.com/add-and-withdraw-funds?hsLang=en#main-content) - [Adding funds](https://support.anotemusic.com/add-and-withdraw-funds?hsLang=en#adding-funds) - [Withdrawing funds](https://support.anotemusic.com/add-and-withdraw-funds?hsLang=en#withdrawing-funds) - [Account](https://support.anotemusic.com/account?hsLang=en) - [Backstage Pass](https://support.anotemusic.com/backstage-pass?hsLang=en#main-content) - [Backstage Pass](https://support.anotemusic.com/backstage-pass?hsLang=en#backstage-pass) - [NOTES](https://support.anotemusic.com/backstage-pass?hsLang=en#notes) - [Cashback](https://support.anotemusic.com/backstage-pass?hsLang=en#cashback) - [Rewards](https://support.anotemusic.com/backstage-pass?hsLang=en#rewards) - [Platform](https://support.anotemusic.com/platform?hsLang=en) - [Catalogues](https://support.anotemusic.com/catalogues?hsLang=en#main-content) - [Catalogue performance](https://support.anotemusic.com/catalogues?hsLang=en#catalogue-performance) - [Portfolio](https://support.anotemusic.com/portfolio?hsLang=en#main-content) - [Portfolio builder](https://support.anotemusic.com/portfolio?hsLang=en#portfolio-builder) - [Royalties](https://support.anotemusic.com/royalties?hsLang=en#main-content) - [Music rights](https://support.anotemusic.com/royalties?hsLang=en#music-rights) - [Royalties](https://support.anotemusic.com/royalties?hsLang=en#royalties) - [Contact us](https://support.anotemusic.com/contact-us?hsLang=en) [![anotemusic-logo](https://support.anotemusic.com/hubfs/anotemusic-logo.svg "anotemusic-logo")](https://www.anotemusic.com/?hsLang=en) ANote S.A 9, Rue du Laboratoire, L-1911 Luxembourg, Luxembourg ![ANote Music Logo](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf0ec5f29f6c4fe2cc8104_ANM%20LOGO-white.svg) ANote S.A. 9, Rue du Laboratoire, L-1911 Luxembourg, Luxembourg [![go to facebook](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf20227a43b97bb656f9a1_ic-facebook-circle.svg)](https://www.facebook.com/anotemusic/) [![go to instagram](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf20237f4438ac97f13c80_ic-instagram.svg)](https://www.instagram.com/anotemusic) [![go to X](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf202537ba10550ff67ac9_ic-twitterx.svg)](https://twitter.com/anotemusic) [![go to linkedin](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf2026114bed6f68224386_ic-linkedin-solid.svg)](https://www.linkedin.com/company/anote-music) [![go to youtube](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf2024701ae8b300fb3547_ic-youtube.svg)](https://www.youtube.com/ANoteMusicOfficial) [![go to discord](https://cdn.prod.website-files.com/67976b92426eb626d10a7b37/67bf2024526e739d7d27719d_ic-discord.svg)](https://discord.com/invite/9ZWfskUPuc) More [Music catalogues](https://www.anotemusic.com/music-catalogues?hsLang=en) [Music creators](https://www.anotemusic.com/music-creators?hsLang=en) [Rewards](https://www.anotemusic.com/rewards?hsLang=en) Support [News](https://www.anotemusic.com/news?hsLang=en) [Customer support](https://support.anotemusic.com?hsLang=en) Legal [Privacy Policy](https://www.anotemusic.com/privacy-policy?hsLang=en) [Website T&Cs](https://www.anotemusic.com/website-terms-and-conditions?hsLang=en) [Payment service provider T&Cs](https://www.anotemusic.com/payment-service-provider-terms-and-conditions?hsLang=en) [Backstage Pass T&Cs](https://anotesolutions.com) Disclaimer ANote Music is a marketplace for buying and selling royalty interests and/or intellectual property rights and, as such, it does not constitute activities of the financial sector in Luxembourg and therefore ANote Music is not subject to the Luxembourg financial sector regulator (Commission de Surveillance du Secteur Financier - CSSF).  Royalty interests are the contractual right to perceive future music royalty income that is generated by various types of intellectual property rights/copyrights. Neither music royalties nor royalty interests constitute “financial instruments” within the meaning of the MiFID (the Directive 2014/65/EU of 15 May 2014 on markets in financial instruments) and the LFS (the Law of financial services of 5 April 1993, as amended) which is implementing the MiFID in Luxembourg.

None of the price quotations, information, news and research accessible on the website and the marketplace or shared through any other communication channels by ANote Music or its Affiliates constitute advice, recommendations or solicitation to any person in any jurisdiction to buy, sell or invest in any asset, royalty interests, intellectual property rights. Any decision made by a person to participate in ANote Music marketplace’s activities should be made on the basis that such an activity complies with any applicable local laws and regulations to which the user is subject to. The user should not access the ANote Music marketplace if such an activity does not comply with any applicable local laws and regulations to which the user is subject to. 

Keep in mind that purchasing royalty interests and/or intellectual property rights involves risk and you may lose the invested capital. The value of your royalty interests or intellectual property rights will fluctuate over time and you may gain or lose money. Past performance is not a guarantee of future returns, nor is it necessarily indicative of future performance. This disclaimer cannot disclose all of the risks and other significant aspects of dealing with royalty interests and intellectual property rights. You should satisfy yourself that you fully understand the conditions which apply to such assets, our services and the potential risk exposures. The images and pictures on the website and on ANote Music marketplace are merely illustrative and may contain data that are no longer updated or valid. Please always refer to the current pricing and valuation of royalty interests or intellectual property rights, as the case may be, in the relevant section on ANote Music marketplace. ```json { "@context" : "https://schema.org", "@id" : "https://www.anotemusic.com/#organization", "@type" : "Organization", "name" : "ANote Music", "url" : "https://www.anotemusic.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://support.anotemusic.com/#website", "@type" : "WebSite", "description" : "Find answers to common questions, explore step-by-step guides, and get help with investing on ANote Music.", "inLanguage" : [ "en", "fr", "it" ], "name" : "ANote Music Support Centre", "potentialAction" : { "@type" : "SearchAction", "query-input" : "required name=search_term_string", "target" : { "@type" : "EntryPoint", "urlTemplate" : "https://support.anotemusic.com/kb-search-results?q={search_term_string}&type=KNOWLEDGE_ARTICLE&groupId=257655602418" } }, "publisher" : { "@id" : "https://www.anotemusic.com/#organization" }, "url" : "https://support.anotemusic.com" } ```