Name-Brand Pop Hits + Production Music
Includes songs performed by Pitbull, Akon, Jermaine Dupri, A.J. McLean, and Kylie Minogue. Also includes "Latin Girl," an unrelased song performed by Justin Bieber.
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: | $20,000 |
| Bidding Increment: | $2,500 |
| Closing Price: | $47,500 |
| End Date: | Sep 26, 2016, 3:00 PM MDT |
| Investment Term: | Life of author + 70 years |
| Past 4 Quarters' Royalties: | $7,500 |
| First Payment: | October 2016 |
| Royalty Type: | Public Performance |
| Fees: | $75 ASCAP Assignment Fee |
Description
Up for auction is a catalog of pop music songs and production music tracks performed by popular international artists, including Pitbull, Akon, Jermaine Dupri, Redrama, Aste, and many more.
This auction is for 25% of the seller's songwriter share of public performance royalties for a collection of musical works from the seller's ASCAP and SESAC catalogs. This asset has generated $7,500 in the most recent 4 quarters of statements. ASCAP and SESAC will distribute the royalties to the winner of this auction on a quarterly basis. The winner will receive the first royalty payment from ASCAP in October 2016. SESAC will begin distributing royalties to the winner of this auction starting in April 2017. More detailed financial information can be found in the “Financials” tab below.
Bid now for a chance to collect royalties any time a song in this catalog is performed in public.
What is being sold?
25% of the seller's songwriter share of public performance royalties for a collection of musical works from the seller's ASCAP and SESAC catalogs. The financials represented in the listing reflect 25% of the royalties earned by this asset. That means if you owned the asset available for auction in 2015, you would have earned $8,522 of royalties.
Royalties for all of the songs included in this auction were paid by ASCAP until April 2016, when a publisher for a number of tracks in the catalog moved them to SESAC. Royalties earned by these tracks will be paid by both ASCAP and SESAC in the immediate future and then exclusively by SESAC when ASCAP's license expires. Please see the "SESAC Transition Letter" posted in the "Financials" tab and click on the following link for more information: https://www.sesac.com/WritersPublishers/UPPM_FAQ.aspx
how does this asset make money?
Every time a song in this catalog is played on the radio, Apple Music, Pandora, Spotify, or in any other type of public performance, you earn royalties. ASCAP makes payments quarterly and the next ASCAP payment is scheduled for October 2016.
what is interesting about this asset?
The catalog up for auction earns the majority of royalties internationally, and the third quarter international payment is historically the largest payment. This is important to note because this year's Q3 international payment is due in November.
The highlight of this catalog is the international hit “Boomerang,” by DJ Felli Fel featuring Akon, Pitbull, and Jermaine Dupri. “Boomerang” is the third highest earning track in the catalog and accounts for 5.6% of the catalog's earnings.
The highest earning tracks in the catalog are performed by Redrama, an accomplished European rapper. Redrama has won multiple European and Finnish Rap Awards, including an European Border Breakers Award (EBBA) in 2005. The EBBA award is an annual award given to ten emerging artists or groups that have reached audiences outside their own countries with their first internationally released album. After winning his EBBA, Redrama joined Gang Starr as a supporting artist on their European Tour. The highest earning track is “Clouds,” which accounts for 16.1% of the catalog's earnings and features A.J. McLean (member of Backstreet Boys). “Let Go,” which accounts for 7.7% of the catalog's earnings, features Kristinia DeBarge.
Finally, this catalog includes two additional tracks that are important to note. "Les Sex" is performed by Kylie Minogue and is a track on her most recent album, Kiss Me Once. “Latin Girl” is a song performed by Justin Bieber that has not been officially released, but has still generated almost 3 millions views on YouTube. If “Latin Girl” is released by Justin Bieber in the future, the winner of this auction will earn royalties every time the song is performed in public.
what rights are included?
about the royalty distributors
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.
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.