Award Winning Contemporary Christian Music

Invest in songwriting and publishing royalties from a catalog of award winning Christian music that earned $12,249 last year.

$75,500

closing price

Auction Closed

Top Bid: Joseph H

Overview

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: $32,000
Bidding Increment: $1,500
Closing Price: $75,500
End Date: May 12, 2017, 2:00 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $12,249
Royalty Type: Public Performance
First Payment: SESAC: June 2017, ASCAP: July 2017
Fees: $75 ASCAP Assignment Fee

Description

Invest in a catalog of contemporary Christian music by award winning artists. This auction is for both the songwriter and publishing share of public performance royalties. In the last 12 months, these songs collected $12,249 in royalties.

The majority of the songs in this catalog are by two time Grammy nominated group Sanctus Real. A popular Christian band, 14 of their songs have charted in the top 5 and they have multiple No.1 singles. In 2005, Sanctus Real received a Dove award, an accolade by the Gospel Music Association (GMA) of the United States to recognize outstanding achievement in the Christian music industry.

Their No. 1 single “Forgiven” makes up 31% of the income. Released in 2010, the song is from their Grammy nominated 2010 album Pieces of a Real Heart. “Forgiven” topped the Christian charts when released and has contributed significant royalties to this catalog every year since then.

Another highlight is “Words” by Canadian Christian rock and pop punk band Hawk Nelson. “Words” debuted as the lead single from their 2013 album Made and became the biggest radio success of the band's career. It reached No. 1 on the Christian Hot AC/CHR charts and top 5 on all Christian AC and National Christian Audience charts.

Key Drivers

76% of the overall royalties for this catalog come from radio. In fact, the top two earning songs, “Forgiven” released in 2010, and “Words” in 2013, continue to get radio play years after their initial release. Both of these songs have collected royalties from radio every single quarter since released.

What is being sold?

100% of the seller's songwriting public performance royalties from select works in the seller's ASCAP catalog and 100% of the seller's songwriting and publishing public performance royalties from select works in the seller's SESAC catalog.

IMPORTANT NOTE: Possession of the ASCAP songwriter’s portion of this asset must be taken via a trust, which is required due to ASCAP’s assignment policy. Please see the Post-Auction Process tab for further information.

How does this asset make money?

Every time “Forgiven,” or any song in this catalog, is played on the radio, streamed on Spotify, or any other type of public performance, you earn royalties. SESAC and ASCAP make payments quarterly and the first distribution you will receive is June 2017 and July 2017 respectively.

What rights are included?

  Musical Composition Sound Recording
Copyright included: No
Rights:
Mechanical
Performance
Synch
Sales
Performance
Synch
Royalty 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.
Distributed by: ASCAP, SESAC

About the Royalty Distributors

ASCAP

ASCAP is the American Society of Composers, Authors and Publishers. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.

SESAC

Since being established in 1930, SESAC Performing Rights has become the nation’s most innovative PRO. In a strategic move to become the United States’ only Music Rights Organization, SESAC has now acquired Rumblefish, a leader in micro-licensing, and the Harry Fox Agency (HFA), the leading U.S. mechanical rights organization. SESAC currently licenses the public performances of more than 400,000 songs on behalf of its 30,000 affiliated songwriters, composers and music publishers.

Financials

Documents

Media

Post-Auction Process

Attention

This action is restricted to Royalty Exchange users.
Please, sign in or create a free account to continue.

Sign In Register