Ginuwine: “In Those Jeans”
Bid on this single song auction for the increasing royalties from Ginuwine's 2003 hit, “In Those Jeans.”
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: | $25,000 |
| Bidding Increment: | $500 |
| Closing Price: | $37,000 |
| End Date: | Jul 26, 2017, 3:16 PM MDT |
| Investment Term: | Life of author + 70 years |
| Last 12 Months' Royalties: | $5,959 |
| Royalty Type: | Public Performance |
| First Payment: | September 2017 |
| Fees: | $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.
Description
Here's a chance to collect the public performance royalties for the Gold-certified hit single “In Those Jeans” performed by R&B star Ginuwine. Along with over a decade of earning history, “In Those Jeans” generated $5,959 in royalties in the last 12 months.
Released in 2003 off his fourth studio album The Senior, “In Those Jeans” became Ginuwine's third top 10 single. Interestingly, the song's royalties have steadily increased year over year since 2012, despite being released 14 years ago. In fact, “In Those Jeans” 2016 earnings experienced a 28% growth rate over 2015. This growth is attributable to streaming sources like Pandora and Spotify. For example, Pandora contributed a steady growth in earnings year over year since 2007, and most recently increased 94% from 2015 to 2016.
The album, The Senior, debuted at No. 6 on the Billboard 200 and was certified Gold by the RIAA. “In Those Jeans” was the top-charting track from the album, peaking at No. 3 on Billboard's Hot R&B/Hip-Hop Songs and No. 8 on the Billboard Hot 100. Today, the song has over 23 million plays on Spotify, and also has an official remix that features the hip-hop artist Grafh.
Key Drivers
Radio is the largest source of income with 69% of historic earnings. “In Those Jeans” was released 14 years ago and is still collecting radio royalties, although leveling off from its initial spike in 2003.
Songs that experience significant radio play often build a foundation of streaming and other types of income as the radio royalties begin to slow down. “In Those Jeans” is a perfect example of this trend. Streaming accounts for 10% of the song's royalties to-date. Although this is a small percentage of overall earnings, streaming is currently demonstrating a healthy fourth quarter growth rate of 32%. As radio royalties start to slow, we are seeing the income from streaming begin to rise.
This trend is not limited to this song either, as streaming royalties are on the rise worldwide. If you're interested in learning more about streaming revenues' significant growth across the industry, click here.
What is being sold?
100% of the seller's interest in the songwriter's share of public performance royalties attributable to the musical composition "In Those Jeans" (BMI Work #6492589).
How does this asset make money?
Every time "In Those Jeans" is played on the radio, Pandora, 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?
| Musical Composition | Sound Recording | |||||||
|---|---|---|---|---|---|---|---|---|
| Copyrights included? | No | — | ||||||
| Rights: |
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| 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. | ||||||
| Distributors: | BMI | — |
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.
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