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.
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.
As the winning bidder, you will collect the songwriter's share of public performance royalties for two tracks off Unspoken’s most recent release, Follow Through. The album peaked at No. 7 on Billboard’s Top Christian Albums chart, while tracks “The Cure” and “Miracle” charted at No. 8 and No. 13 respectively on Billboard’s Christian Airplay.
Because the songs are newer releases, radio naturally drives this catalog’s earnings, contributing to 75% of royalties in the last 12 months. And as is usual, when radio airplay begins to wan, streaming activity takes its place. For example, “The Cure” has amassed over 6 million spins on Spotify — making it the band’s second most popular song on the platform.
“The Cure” also contributes the majority of this collection’s income with 66% royalties in the last year. The single reached No. 13 on Billboard’s Hot Christian Songs chart. Following close behind is “Miracle” which contributes the remaining 34% of earnings in the last 12 months. The track also charted at No. 18 a Billboard’s Hot Christian Songs.
New Releases & Tours. Unspoken just recently released a new EP Just Give Me Jesus on November 23, 2018, and have tour dates scheduled through January 2019. The band is set to drop a new full-length album in Spring 2019. While the new songs/albums are not included in this auction, new releases and active tours can help boost an artist's back catalog. Both give the artist the chance to solidify their current fan base and expand their reach to first-time listeners.
Radio. Radio is the largest source of revenue for this catalog accounting for 79% of historic royalties. Although radio royalties are still being generated (nearly three years after the song’s release!), they could eventually level off. Typically, songs that experience significant radio play can often build a foundation for other types of income, such as streaming.
IMPORTANT NOTE REGARDING POST-AUCTION PROCESS
Possession of the songwriter’s portion of this asset (distributed by ASCAP) 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.
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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