Ambient Electronic Jazz Duo – Bitter:Sweet

Up for auction are the songwriter royalties from the trip-hop duo Bitter:Sweet which features placements in Devil Wears Prada, Grey’s Anatomy, Law and Order and more.

$11,500

closing price

Auction Closed

Top Bid: Elizabeth W

The Theoretical IRR is a formulaic guideline based on an extrapolation of the normalized, historical earnings trend of the catalog. The Theoretical IRR is not a guarantee of future performance. It should be used for comparison purposes only. Each catalog has its own risk factors and the Theoretical IRR is not based upon a specific analysis of this catalog. Click here to view the basis for all Theoretical IRR calculations.

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: $6,500
Bidding Increment: $200
Closing Price: $11,500
End Date: Aug 20, 2018, 3:00 PM MDT
Last 12 Months' Royalties: $1,707
Investment Term: 10 years*
Distributors: BMI
Rights Included:

Public Performance

Interests Included:

Songwriter (World)

Track List:

Track List

First Distribution: September 14, 2018
Distribution Frequency: Quarterly
Relist-Eligible? Yes
Buyer Fees:

$500

* Please see the FAQ tab for more information on the 10-year investment term.

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What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Non-Interactive 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

These commercial tracks from trip-hop duo Bitter:Sweet feature a variety of unique placements in both film and TV. Released in 2006, Bitter:Sweet’s first album The Mating Game holds some of this catalogs top earners including “Dirty Laundry,” “Bittersweet Faith,” self-titled track “Mating Game” and more. The album received rave reviews and was ranked one of 2006’s Top Electronic Albums by Independent Music Awards.

Film and TV placements account for over 48% of this catalog’s historic earnings. “Dirty Laundry” features placements in the 2007 film Because I Said So with Diane Keaton and Mandy Moore, as well as Shoot ‘Em Up. The song also appeared in advertising campaigns for both Victoria’s Secret and Zune. The track accounts for over a quarter of this catalog’s historic earnings.

“Bittersweet Faith” accounts for over 18% of historic earnings. The success of the track sparked multiple reworked versions, the most popular by electronic artist Thievery Corporation. Most notably, the track appeared in the 2006 film The Devil Wears Prada featuring Golden-Globe winner Meryl Streep. The song continues to earn consistently from the placement, as the film receives regular air-time on HBO. In fact, the film is set to air multiple times a day this weekend. As the winning investor, you will collect these earnings!

It is worth noting this catalog also collects from placements in the following TV series – Law And Order: Criminal Intent, Grey’s Anatomy, Entourage, Smallville, Nip Tuck and more.

Key Drivers

TV/Film Placements. This catalog benefits from placements in The Devil Wears Prada contributing to over 29% of this catalog's earnings in the last 12 months. The film stars renowned actresses Meryl Streep and Anne Hathaway. It regular airs on HBO and can be streamed online across platforms HBO Go, YouTube and Amazon Prime. 

Streaming. Earners in this catalog include “Dirty Laundry” and more. Any time one of these tracks is streamed on Spotify, Pandora, or Apple Music, you earn! On the streaming platform Spotify, artist Bitter:Sweet has over 53,000 monthly listeners. The track “Dirty Laundry” itself has over 2.5 million streams and counting. A version of the track is also featured on The Devil Wears Prada soundtrack. In the last 12 months, “Dirty Laundry” grew 56%.

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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