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.
Dec 16, 2016, 3:37 PM MST
Life of author + 70 years
Last 12 Months' Royalties:
Audiobooks are the fastest-growing format in book publishing today, so says The Wall Street Journal. Audiobook sales in the U.S. and Canada jumped 21% in 2015 from the previous year, and the trend continued in 2016, as downloaded audio sales were up 37% in January and February compared with the same period in 2015.
The asset up for sale in this auction mirrors that surge (just take a look at the chart in the “Financials” tab). Its royalties in 2015 grew 75% over 2014, and royalties for the first three quarters of 2016 have already surpassed the total earnings for all of 2015.
Bid now to earn royalties on audiobook sales for recordings of two classic works in African American history: The Mis-Education of the Negro by Carter Goodwin Woodson and The Stolen Legacy: Greek Philosophy Is Stolen Egyptian Philosophy by George G.M. James. These are must-read books in the study of African American history, and are in fact required reading in many African American studies courses in colleges across the U.S.
The audiobooks are exclusively available on Audible.com, the United States' biggest producer and retailer of audiobooks. Audible, bought by Amazon in 2008, saw membership grow 40% in 2015 over the previous year. Its customers around the world are on track to listen to 2 billion hours of programming this year, which is double the 2014 figure.
The Mis-Education of the Negro has earned royalties since Q3 2008 and The Stolen Legacy has earned royalties since Q3 2014. Together, they've averaged $1,579.55 per quarter in the last eight quarters.
What is being sold?
100% of the seller’s interest in the audio recording rights and royalty income attributable to two audio books narrated by the seller, currently payable by Audible.com: (1) “The Mis-Education of the Negro” by Carter Goodwin Woodson; and (2) “The Stolen Legacy: Greek Philosophy Is Stolen Egyptian Philosophy” by George G.M. James.
How does this asset make money?
As the sole producer and narrator, the seller earns 20% of all revenue generated by Audible.com for these audiobooks. Revenue is generated every time an Audible.com member uses member credits to purchase the books, as well as every time a member or non-member makes a cash purchase. See the “Downloads” tab to view the raw royalty data.
About the Royalty Distributor
Audible Inc., an Amazon company, is the United States' largest producer and retailer of spoken audio entertainment, information, and educational programming. Audible's content includes more than 200,000 digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers.
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 in the “Documents” tab for reference.
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