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.
Jun 30, 2017, 2:00 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.
Invest in the publishing share of public performance royalties from the hit alternative rock song “In One Ear” by Grammy award-winning band Cage The Elephant. Released in 2009, this song earned $1,166 last year.
“In One Ear” is off of the band's certified Platinum debut studio album Cage The Elephant. The album appeared on both the UK and US top album charts, reaching No. 38 and No. 67 respectively. Today, “In One Ear” has more than 6.7 million Youtube views and over 18.6 Spotify plays.
Formed in 2006, Cage The Elephant is known for their energetic live performances and eclectic sound. They have released four albums to date, their most recent earning them their first Grammy award in 2017 for Best Rock Album.
1) Cage The Elephant is set to release a new album, Unpeeled, in July. New releases can help boost an artist's back catalog because the release of new music draws discovery among new fans who are listening to these artists for the first time. To illustrate, when Cage The Elephant's second album came out in 2011, their debut album from 2009 reappeared on the Billboard 200 chart and actually charted higher than it did on its initial debut!
2) Royalties from live performances make up 17% of last year's earnings for “In One Ear,” growing 145% from 2015. Cage The Elephant is actively touring this year with dates scheduled every month through November, including an appearance at Lollapalooza. Tours give artists the chance to solidify their current fan base and expand their reach to new listeners.
What is being sold?
100% of the seller's interest in the publisher's share of public performance royalties attributable to the musical composition "In One Ear" (BMI Work # 9832966).
How does this asset make money?
Every time “In One Ear” is played on the Pandora, Spotify, the radio, or any other type of public performance, 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.
Interested in viewing other single song auctions? Take a look at these recently closed listings:
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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