70s Funk Catalog + Classic Hip-Hop
This catalog features songs from '70s funk/soul band, Mighty Ryeders, as well as tracks from legendary hip-hop group De La Soul and Wu Tang Clan's RZA.
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.
|End Date:||Jun 13, 2017, 3:19 PM MDT|
|Investment Term:||Life of author + 70 years|
|Last 12 Months' Royalties:||$2,278|
|Royalty Type:||Public Performance|
|First Payment:||June 2017|
|Fees:||$500 BMI Payee Account Fee*|
*BMI charges a one-time fee of $500 to open a new payee account, which will be debited from the payee's first royalty distribution. Once opened, multiple royalty streams can be routed to the buyer's payee account. If you already have a BMI payee account, there is no fee.
This is a unique auction that boasts a 16-year earning history from songs dating back to 1978, from the funk/soul group Mighty Ryeders. Legendary hip-hop trio De La Soul as well as RZA (formally of Wu Tang Clan) have sampled the tracks. This means both the original songs and the songs that use their samples will both earn royalties for the winner of this auction. In the past four quarters, the catalog has generated $2,278.
The Mighty Ryeders, led by Rodney Mathews, notes the song “Evil Vibrations” as their claim to fame. The rare groove classic is from the 1978 album Help Us Spread the Message. The song enjoyed a resurgence and higher profile success thanks to De La Soul's sampling of the track on “A Roller Skating Jam Named 'Saturdays'” in 1991. The Rebirth also covered “Evil Vibrations”in 2005.
“A Roller Skating Jam Named 'Saturdays'” is the first single off De La Soul's the second album, De La Soul is Dead. The album is considered one of the best albums of the '90s: Rolling Stone ranked it at No. 87 on its list, 100 Best Albums of the Nineties. The track peaked at No. 6 on the Billboard Hot Dance Club Play and No. 43 on Hot R&B/Hip-Hop Songs in 1991. As the catalog's highest earner at 61% of income, the track generated fairly consistent annual earnings over the past five years, averaging about $1,300.
The catalog also contains RZA's song “Love Jones” from 1998, which includes a sample of “Star Child” from the Mighty Ryeders.
Not surprisingly, the catalog's biggest earner is its most appealing factor: De La Soul's, “A Roller Skating Jam Named 'Saturdays.'” The track account for 61% of its earnings, with an earning history going back to 2001. De La Soul formed in 1987, launching their eclectic sampling and quirky lyrics and went against the grain of hardcore gangsta rap. Many consider De La Soul to be among hip-hop legends and in fact, they are still a very relevant group today. In just 2017, De La Soul was nominated for Best Rap album for and the Anonymous Nobody... along with other hip-hop heavy hitters, Kayne West, Drake and Chance The Rapper.
What is being sold?
100% of the seller's interest in the songwriter's share of public performance royalties attributable to select musical works in the seller's catalog of songs administered by BMI. See the “Financials” tab for a full track list.
How does this asset make money?
Every time “Roller Skating Jam Named 'Saturdays'” or any other song in this catalog, is played on the radio, Sirius XM, or any other type of public performance, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is June 2017.
What rights are included?
|Musical Composition||Sound Recording|
|Sources:||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.|
About the Royalty Distributor
BMI represents more than 10.5 million musical works created and owned by more than 700,000 songwriters, composers and music publishers. BMI supports businesses and organizations that play music publicly by offering blanket music licenses that permit them to play more than 10.5 million musical works.
Here is an auction for a catalog that included recently sampled songs: 80s/90s Club Hits + Fatboy Slim.
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