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.
Sep 13, 2017, 3:00 PM MDT
Life of author + 70 years
Last 12 Months' Royalties:
$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.
Opportunities to own royalty streams for classic songs by legendary artists do not come around often. This is one of those rare opportunities. Alabama's “If You're Gonna Play in Texas (You Gotta Have a Fiddle in the Band)” is a country music classic and has been earning since 1984. Public performance royalties for the song have even been growing recently - it earned $4,992 in 2016, which was its most lucrative year since 2011.
This auction is for 25% of the total songwriter's share of public performance royalties. A 25% share of the royalties has earned more than $95,000 since 2001. After more than 30 years, “If You're Gonna Play in Texas” still has consistent radio earnings. It has also benefited from the recent growth in streaming - streaming royalties grew 24% in 2016 over 2015.
“If You're Gonna Play in Texas” was an instant country hit. It was released in July 1984 and reached #1 on Billboard's Hot Country Songs chart in October. It was the third single on Alabama's album Roll On, which went on to become certified quadruple platinum. It also appears on Alabama's Greatest Hits Vol. III.
Bid now for your chance to claim a piece of country music history.
Longevity. “If You're Gonna Play in Texas” has been earning since its release in 1984. It's a country music classic that still has consistent airplay on country radio, more than 30 years later.
Streaming Growth. In addition to its continued play on country radio, it has benefited from the music industry's recent streaming explosion. Streaming earnings for 25% of this song began with a single penny in 2001, reached $103 in 2011, and totaled $1,262 in 2016.
What is being sold?
25% of the songwriter's share of public performance royalties attributable to the musical composition “If You're Gonna Play In Texas” (BMI Work ID # 709709).
How does this asset make money?
Every time “If You're Gonna Play in Texas” is played on the radio, streamed on the internet, or performed in any other public venue, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is September, 2017.
What rights are included?
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.
Public performance royalties are payments made by radio stations, hotels, restaurants, night clubs, etc. to the composition copyright holder(s) for each public performance of the copyrighted work. In the U.S., public performance royalties are typically paid to performing rights organizations (e.g., ASCAP, BMI) who then distribute the royalties to the copyright holder(s).
Mechanical royalties are royalties deriving from per-unit payments made by recording companies or digital download providers to the composition copyright holder(s) for every purchase of a sound recording that reproduces the copyrighted composition.
Non-interactive digital performance royalties are payments made by non-interactive music services (i.e. those that mimic the experience of a radio broadcast) of a statutorily-set amount (on either a per-play or annual basis—depending on the type of service) to SoundExchange for the benefit of the sound recording copyright holder and the performing artists for the right to perform the copyrighted sound recording via non-interactive, digital means.
non-interactive digital performance royalties
The royalties owed to the creator(s) of a musical composition which are paid in return for the right to reproduce, distribute, or perform the copyrighted work.
A musical composition is one of the two copyrightable parts of a recorded song. It consists of the song's music, including any accompanying words, (i.e. the portion of a song that is capable of being fully expressed as sheet music) and is separate from any particular recording of the song or its performance by any particular artist.
A sound recording is one of the two copyrightable portions of a recorded song. It results from the fixation of a series of musical, spoken, or other sounds in a tangible (at least momentarily permanent) medium.
The portion of royalties owed to the owner of a sound recording. The owner may the performing artist, the producer, or another party (such as a record label) who contractually acquired the ownership of the copyrighted work (e.g., through a recording agreement), owns it by virtue of an employer-employee relationship with the creator(s) of the work, or specially commissioned the work.
rights owner's share
The portion of royalties owed to the performers of a sound recording in return for the right to perform the copyrighted work via non-interactive, digital services (e.g., Pandora, Spotify).
The portion of royalties owed to the music publisher which are paid in return for the right to reproduce, distribute, or perform a copyrighted musical composition, arising from a contractual obligation (i.e. a publishing agreement) or employer-employee relationship with the creator of composition (i.e. the songwriter(s)).
If an asset requires splitting up a catalog by works or percentages, Royalty Exchange may need to provide royalty accounting services to the buyer, seller, or both. This is because the royalty distributor may not be able to split royalties as intended by the asset transfer. Royalty Exchange's involvement helps to ensure accurate royalty payments. It also helps assure buyers and sellers that they are not missing out on potential earnings.
The accounting process often involves manual spreadsheet work and coordinating with royalty distributors. Royalty Exchange's goal is for the accounting service to be temporary. We plan to work with distributors to find solutions that will allow us to revert accounting and payment obligations back to the distributor, removing ourselves from the process. In the meantime, we've instituted the 5% fee to help offset costs in the manual accounting.
Please see the sample accounting agreement document for reference.
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