Background Song from “In a World...”
Earn royalties for public performances of a song used in the award-winning comedy film “In a World...”
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: | $2,000 |
| Bidding Increment: | $250 |
| Closing Price: | $9,250 |
| End Date: | Oct 10, 2016, 3:04 PM MDT |
| Investment Term | Life of author + 70 years |
| Last 12 Months' Royalties | $1,835.43 |
| Royalty Type | Public Performance |
| First Payment | November 2016 |
| Fees | $75 ASCAP Assignment Fee |
Description
Here's a simple royalty stream for you to wrap your head around: this auction is for the rights to the public performance royalties for one song, written for one movie. “Cloud Rider” is a song used in the movie “In a World...,” a comedy that won Sundance Film Festival's Best Screenplay award in 2013.
The asset has earned $1,835.43 in the last four quarters, with $726.54 coming in the most recent Q3 2016 distribution.
The seller owns 100% of both the publishing and songwriting interests for this song, so the winner of this auction will collect all of the public performance royalties from both sides.
What is being sold?
100% of both the publishing and songwriting shares of public performance royalties for the musical work “Cloud Rider.”
how does this asset make money?
Since this song has not been released outside of its inclusion in the film, its public performance royalties are tied to the airing and streaming of “In a World...” Every time “In a World...” appears on TV or is streamed via Netflix, Amazon, Hulu, or elsewhere, you'll earn royalties. Also, any time “In a World...” plays in a movie theater outside the U.S., you'll earn royalties.
what is interesting about this asset?
Because this is a single song tied to a single movie, the beauty of the asset is its simplicity: you'll get paid when “In a World...” plays. “In a World...” is a critically acclaimed comedy, winning Best Screenplay at the 2013 Sundance Film Festival. It's been “Certified Fresh” with 92% positive reviews by the review aggregation website Rotten Tomatoes. This asset enjoyed its biggest quarterly payment in the most recent quarter - Q3 2016. The winner of this auction is entitled to the next international payment from ASCAP, which will be paid in November 2016.
what rights are included?
about the royalty distributor
ASCAP is the American Society of Composers, Authors and Publishers (ASCAP), a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. Through agreements with affiliated international societies, ASCAP also represents hundreds of thousands of music creators worldwide.