'90s Alternative and Children's Music

Invest in a distinctive asset that includes music from Stone Gossard, lead guitarist of Pearl Jam as well as tracks from the popular children's music duo Renee & Jeremy.

$19,200

closing price

Auction Closed

Top Bid: Kevin F

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: $7,200
Bidding Increment: $250
Closing Price: $19,200
End Date: Jul 07, 2017, 3:00 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $2,348
Royalty Type: Public Performance
First Payment: July 2017
Fees: $75 ASCAP Assignment Fee

Description

This is a particularly unique catalog offering. Not only does it feature music from one of the founding members of Pearl Jam, but it also includes a collection of well-known children's music. Combined, it has produced $2,348 in earnings over the last 12 months.

The highlight of this catalog is the song “The Day Bring,” performed by the '90s rock band Brad. Formed in Seattle at the height of grunge, Brad is the long-running side project of Stone Gossard, better known as Pearl Jam's lead guitarist. The song “The Day Brings” is off Brad's second studio album Interiors, released in 1997. The album charted at No. 30 on Billboard's Top Heatseekers chart.

What makes “The Day Brings” exciting is that the song is still earning royalties 20 years after its release, thanks to its inclusion in various background music services. As a result, it accounts for 52% of the catalog's earnings.

Background music is what you hear for ambiance in places such as retail stores, elevators and grocery stores. The most well-known brand of background music is Muzak (now Mood Media). “The Day Brings” is one of the songs used by these kind of services, and as a result enjoys longer-than-average royalty longevity. You'll notice the song has an impressive 105% growth rate over four quarters.

Also included in this catalog is music from popular children's group Renee & Jeremy. While these lullaby-style songs were written for children, adults and non-parents alike still enjoy them. Tracks like “It's a Big World” and “Sleep My Love” are even seeing an increase in their four-quarter growth rate at 24% and 39% respectively.

Finally, this asset also contains a track by 90s artist Jeremy Toback--“Word Behind Words”--used in the 1997 cult classic Trojan War featuring Jennifer Love Hewitt.

Key Drivers

It's notable that this catalog's highest earning song is one released in 1997. “The Day Brings” continues to enjoy earnings 20 years later as a result of its inclusion in background music services. In fact, 42% of the catalog's historic earnings come from background music services, with the song producing steady earnings since 2013. The Q1 2017 distribution for background music services equaled 52% of the entire year's earnings from the same source in 2016. As a result of this royalty source, the song is enjoying an impressive growth rate of 105%.

What is being sold?

100% of the seller's interest in the songwriter's share of public performance royalties attributable to the seller's catalog of musical works administered by ASCAP. See the “Documents” tab for a full track list.

IMPORTANT NOTE: Possession of the songwriter’s portion of this asset must be taken via a trust, which is required due to ASCAP’s assignment policy. Please see the Post-Auction Process tab for further information.

How does this asset make money?

Every time “The Day Brings” or any song in this catalog, is played as background music or any other type of public performance, you earn royalties. ASCAP makes payments quarterly and the first distribution you will receive is July 2017.

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, TV/Film/Commercial Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributed by: ASCAP

About the Royalty Distributor

ASCAP is the American Society of Composers, Authors and Publishers. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.

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Financials

Documents

Media

Post-Auction Process

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