90’s R&B Featured in Sitcom “Friends”

Performance royalties from a track featured in an episode of the evergreen TV hit show Friends.

$29,500

closing price

Auction Closed

Top Bid: Victory C

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: $25,500
Bidding Increment: $400
Closing Price: $29,500
End Date: May 19, 2020, 1:16 PM MDT
Dollar Age:

22.86 Years

Last 12 Months' Royalties: $3,775
Investment Term:

At Least 12 Years (See Note Below)

Distributors: BMI
Rights Included:

Public Performance

Interests Included:

Publisher (U.S.)

Track List:

Track List

First Distribution (paid 30 days from receipt): June 19, 2020
Distribution Frequency: Quarterly
Buyer Fees:

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Streaming
Sync
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.
Distributors: BMI

Description

This catalog features the work of 90’s R&B group Nu Flavor and is a good example of a catalog continuing to earn in a unique way well beyond its initial radio cycle. 

Listing Highlights

  • Song featured in Friends episode
  • Dollar Age of 22.86 years

ABOUT THE CATALOG 

Formed in the mid-1990’s, Nu Flavor’s self-titled debut album produced two Gold-certified tracks—“Heaven” and “Sweet Sexy Thing.” Both songs are included in this listing.

The top-earning track—“Havin A Party”—was used as background music in a scene from Season 3, Episode 11 of the iconic and Emmy-winning sitcom Friends, titled "The One Where Chandler Can't Remember Which Sister.” It originally aired in January of 1997. This single track brought in 93% of the last 12 month’s earnings, the vast majority of which is derived from the syndicated airing of the Friends episode on TBS. Streaming video is growing slightly as a source of earnings as well.

The remaining four of the top-5 tracks earn from a more typical mix of streaming and radio sources and, taken together, brought in 7% of the last 12 month’s earnings.

Key Drivers

TV/Film Placements. This catalog earns primarily from TV/Film — the track “Havin A Party” is placed in Season 3, Episode 11 of the series Friends. These TV/Film royalties contribute 76% of this asset’s historic earnings. 

Every time that episode of Friends airs on TV (or is streamed on-demand), a public performance royalty is generated for “Havin A Party.” As the winner of this auction, you'll collect all future performance royalties. 

Although the series ended over 15 years ago, it still continues to air in syndication today. However, it's important to take into consideration that if the series begins to air less frequently on syndicate networks (or stops airing at all), royalties for the song would decrease.

NOTE ABOUT INVESTMENT TERM

The investment term is “at least 12 years” because U.S. copyright law gives artists and songwriters the right to terminate a copyright assignment after 35 years. The seller of this catalog acquired the copyrights via assignment in 1997, so the songwriters may have the right to terminate the assignment beginning in 2032 (35 years from 1997). Click here to learn more about copyright termination.

About the Royalty Distributor

Broadcast Music, Inc. (BMI) is one of four United States performing rights organizations, along with ASCAP, SESAC & Global Music Rights. It collects license fees from music users on behalf of songwriters, composers, and music publishers and distributes them as royalties to those members whose works have been performed. For more information on BMI’s distribution schedule, click here.

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