Historic royalty income is no indication of future royalty income. Future royalty income is dependent upon future sales and licensing revenue generated by the sound recordings or compositions associated with this listing.
Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Up for auction is the 2013 chart-topper “Wrecking Ball” from pop star Miley Cyrus. The song initially debuted at No. 50 on the Billboard Hot 100. But after the controversial music video was released, the track skyrocketed to No. 1 on charts in America, Canada, Spain, and the United Kingdom, proving its vast, international reach.
It’s worth noting that the video held the record of Most Views in the First 24 Hours on Vevo after, and currently boasts nearly 1 billion views on YouTube, and continues to receive regular views today. It also won multiple awards, including World’s Best Music Video at the 2014 World Music Awards.
But this is no flash-in-the-pan spike. As you’ll see in the Financials tab, earnings for the song continued to grow following the music video’s release. Much of it comes from international use. To date, this track has earned from over 35 countries worldwide, including Brazil, Switzerland, France, Italy and many more. In fact, international earnings for this collection are currently on the rise, showing impressive growth over the preceding year. International earnings contribute to nearly 70% of revenue in the last 12 months. As the winning investor, you will benefit from the recent growth of this track overseas.
International Earnings. The majority of this catalog’s earnings come from abroad — at 54% of historical earnings. Although international royalty distribution can lag behind domestic payments and arrive with limited detail, as the winner of this auction you’ll be entitled to any past performance royalties paid by BMI, regardless of when they were earned.
TV/FIlm. This catalog benefits from placements in TV/Film, contributing to 8% of this catalog's historic earnings. The track “Wrecking Ball” earns from a placement in The Night Before featuring Seth Rogen, Joseph Gordon Levvit and Miley Cyrus. Every time The Night Before plays on TV, a royalty is generated for “Wrecking Ball.” As the winner of this auction, you'll collect the performance royalties for the songs use in TV/Film.
Public performance royalties are payments made by radio stations, hotels, restaurants, night clubs, etc. to the composition copyright holder(s) for each public performance of the copyrighted work. In the U.S., public performance royalties are typically paid to performing rights organizations (e.g., ASCAP, BMI) who then distribute the royalties to the copyright holder(s).
Mechanical royalties are royalties deriving from per-unit payments made by recording companies or digital download providers to the composition copyright holder(s) for every purchase of a sound recording that reproduces the copyrighted composition.
Non-interactive digital performance royalties are payments made by non-interactive music services (i.e. those that mimic the experience of a radio broadcast) of a statutorily-set amount (on either a per-play or annual basis—depending on the type of service) to SoundExchange for the benefit of the sound recording copyright holder and the performing artists for the right to perform the copyrighted sound recording via non-interactive, digital means.
non-interactive digital performance royalties
The royalties owed to the creator(s) of a musical composition which are paid in return for the right to reproduce, distribute, or perform the copyrighted work.
A musical composition is one of the two copyrightable parts of a recorded song. It consists of the song's music, including any accompanying words, (i.e. the portion of a song that is capable of being fully expressed as sheet music) and is separate from any particular recording of the song or its performance by any particular artist.
A sound recording is one of the two copyrightable portions of a recorded song. It results from the fixation of a series of musical, spoken, or other sounds in a tangible (at least momentarily permanent) medium.
The portion of royalties owed to the owner of a sound recording. The owner may the performing artist, the producer, or another party (such as a record label) who contractually acquired the ownership of the copyrighted work (e.g., through a recording agreement), owns it by virtue of an employer-employee relationship with the creator(s) of the work, or specially commissioned the work.
rights owner's share
The portion of royalties owed to the performers of a sound recording in return for the right to perform the copyrighted work via non-interactive, digital services (e.g., Pandora, Spotify).
The portion of royalties owed to the music publisher which are paid in return for the right to reproduce, distribute, or perform a copyrighted musical composition, arising from a contractual obligation (i.e. a publishing agreement) or employer-employee relationship with the creator of composition (i.e. the songwriter(s)).
If an asset requires splitting up a catalog by works or percentages, Royalty Exchange may need to provide royalty accounting services to the buyer, seller, or both. This is because the royalty distributor may not be able to split royalties as intended by the asset transfer. Royalty Exchange's involvement helps to ensure accurate royalty payments. It also helps assure buyers and sellers that they are not missing out on potential earnings.
The accounting process often involves manual spreadsheet work and coordinating with royalty distributors. Royalty Exchange's goal is for the accounting service to be temporary. We plan to work with distributors to find solutions that will allow us to revert accounting and payment obligations back to the distributor, removing ourselves from the process. In the meantime, we've instituted the 5% fee to help offset costs in the manual accounting.
Please see the sample accounting agreement document for reference.
Why does Royalty Exchange need to account?
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