[Advance] A Share of Jerry Garcia’s Record Royalties

​Bid to receive $200,000 in royalties from Jerry Garcia’s share of Grateful Dead records. 

$173,000

closing price

Auction Closed

Top Bid: John 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: $150,000
Bidding Increment: $500
Closing Price: $173,000
End Date: Aug 20, 2021, 3:00 PM MDT
Dollar Age:

~ 50 Years

Investment Term:

Fixed Return Amount (See Note Below)

Distributors:

Grateful Dead Productions, Inc. administered by Gelfand, Rennert & Feldman (See Note Below)

Rights Included:

Sales, Streaming, Sync

Interests Included:

Artist (World)

First Distribution (paid 30 days from receipt): July 31, 2022
Distribution Frequency:

Annually

Buyer Fees:

1% of closing price or $500 (whichever is greater)‡§

Investors placing the opening bid on any listing pay no buyer fee if they win the resulting auction, a savings of 1% off the final price (minimum $500). All Access members who already receive this discount will be rewarded with a cash rebate equal to the buyer fee.

§ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.

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, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements, Samples, etc.
Distributors: Grateful Dead Productions, Inc. By Gelfand, Rennert & Feldman

Description

This is an exciting and rare opportunity — don’t miss it! 

As the winning bidder, you will collect a share of sound recording royalties – totaling $200,000 – derived from the Estate of Jerry Garcia’s interest in the Grateful Dead studio and live albums recorded between 1968 and 1995. 

HOW THIS INVESTMENT WORKS 

This asset offers investors the right to collect four yearly payments of $50,000, for a total fixed amount of $200,000 (“Total Return”). These payments will be calculated and paid in July of each year.

A portion of the proceeds from this auction will support the production of the next archival music release project produced by Jerry Garcia Music Arts. Jerry Garcia Music Arts is an environmentally conscious, mission-based, music and arts entertainment services company.

WHAT IS BEING SOLD? 

The right to receive $200,000, payable over four yearly payments of $50,000, from the seller’s interest in the Estate of Jerry Garcia’s sound recording royalty payments paid by Gelfand, Rennert & Feldman (administering for Grateful Dead Productions, Inc.).

HOW DO PAYMENTS WORK?

The $50,000 annual payments due to the investor represent approximately half of the seller’s expected yearly earnings over the next four years. The investor will be entitled to the first $50,000 of each annual payment (“Yearly Repayment”), with the remainder going to the seller.

If the total earnings in any calendar year do not reach $50,000, the following year's Yearly Repayment shall be increased by the shortfall in the prior year's Yearly Repayment. Royalty Exchange will collect and distribute the annual payments to the investor until the investor collects $200,000.

After the Total Return has been received, all rights to the payments will revert back to the seller. 

About the Royalty Distributor

Founded in 1967, Gelfand, Rennert & Feldman ("GRF") is a leading full-service business management firm for an exclusive assortment of entertainers, executives, and select high net worth individuals. Their team delivers comprehensive financial services in the fields of music, motion pictures, television, sports, literature, and other creative and performing arts. The firm has offices in Los Angeles, New York City, Nashville, San Rafael, Wilmington, and London.

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