8x Platinum, No. 1 Hit “See You Again” by Wiz Khalifa

Collect royalties from the multi-Platinum, No. 1 hit tribute song “See You Again” by Wiz Khalifa featuring Charlie Puth.

$102,000

closing price

Auction Closed

Top Bid: Josh C

Overview

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.

Starting Price: $30,000
Bidding Increment: $1,000
Closing Price: $102,000
End Date: Aug 07, 2017, 3:07 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $11,372
Royalty Type: Sound Recording Performance
First Payment: April 2018
Buyer Fees: $99/year Royalty Exchange Admin Fee

*Royalty Exchange will collect the winning bidder's portion of the royalties and make payments on a yearly basis. The $99 yearly administration fee will be deducted from each yearly payment.

Description

This is the chance to collect sound recording royalties from a multi-platinum, Grammy-nominated, No. 1 hit song--Wiz Khalifa's “See You Again” featuring Charlie Puth. In the last 12 months, this recording generated $11,732 in performance royalties.

Up for auction is 100% of the seller's interest in domestic sound recording performance royalties, and 30% of the international royalties. The seller performed background vocals on the recording, and receives non-featured performer digital performance royalties. AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund, a non-profit organization that distributes royalties to session musicians and background vocalists, pays these royalties annually.

Released in 2015, “See You Again” was commissioned for the 2015 film Furious 7 as a tribute to the late actor, Paul Walker. The song quickly became a hit, spending 12 weeks at No. 1 on the Billboard Hot 100. It broke records, including the most-streamed track in a single day on Spotify in the United States, the most streams in a single week worldwide, and in the United Kingdom in a single week as well.

Most recently, on July 10, 2017, “See You Again” became the most-viewed YouTube video of all time with 2.8 billion views. While it was surpassed later by Luis Fonsi's 'Despacito,' the popularity of the song is undeniable.

"See You Again" was the best-selling song of 2015 worldwide, with combined sales and track-equivalent streams of 20.9 million units according to IFPI, the International Federation of the Phonographic Industry. The song has received numerous awards and accolades including a Critic's Choice Award, a Hollywood Music in Media Awards, a Hollywood Film award and more. Nominations include three Grammy nominations, including Song of the Year and Best Pop Duo/Group Performance, and a Golden Globe nomination for Best Original Song.

Key Drivers

1) International Royalties. “See You Again” is a worldwide hit and international royalties have yet to pay out. The song reached Platinum status in over 15 countries, appeared on weekly charts in over 30 countries and year-end charts in more than 15. The recording topped the UK Singles Chart for two consecutive weeks, and reached No. 1 in several other countries including Australia, Austria, Canada, Germany, Ireland, New Zealand and Switzerland. If you win, you will collect 30% of the seller's interest in international royalties, so you will benefit from the popularity of this global hit.

2) Relevancy. The song continues to make history and headlines two years after its release, just recently breaking the record for most viewed YouTube video of all time. The song may have lost the title shortly after, but a YouTube representative told Forbes the video continues to receive millions of plays every day, despite being uploaded more than two years ago. While YouTube royalties don't contribute to earnings from this asset, this achievement illustrates the popularity and reach of this recording.

What is being sold?

100% of Seller's interest in the non-featured performer's share of domestic royalties, and 30% of Seller's interest in the non-featured performer's share of international royalties, attributable to the sound recording "See You Again" by Wiz Khalifa.

How does this asset make money?

The vast majority of royalties come from digital streaming on platforms like Spotify, Pandora, Google Play, and Sirius XM Radio. Each year, AFM & SAG-AFTRA calculates “See You Again's” share of the total royalties collected for the non-featured performer's fund and distributes royalties accordingly. AFM & SAG-AFTRA make payments once a year at the end of April. Royalty Exchange will administer the payments to the winner of this auction and the first distribution you will receive is April 2018.

For more information on the AFM & SAG-AFTRA Fund, click here. For a detailed breakdown of how they calculate and pay royalties, click here.
 

What rights are included?

  Musical Composition Sound Recording
Copyright included: No
Rights:
Mechanical
Performance
Synch
Sales
Performance
Synch
Royalty Sources: Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, etc.
Distributed by: AFM & SAG-AFTRA

About the Royalty Distributor

The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund is a non-profit organization that distributes royalties to session musicians and background vocalists. In 2016, they distributed around $60 million in royalties.

Financials

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Post-Auction Process

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