Growing Royalties: 80s/90s Pop Hits
Collect growing songwriter royalties from two late 80s/early 90s dance pop hits from singer Dino.
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: | $12,500 |
| Bidding Increment: | $250 |
| Closing Price: | $14,000 |
| End Date: | Mar 30, 2018, 2:00 PM MDT |
| Investment Term: | 10 years* |
| 50% of Last 12 Months' Royalties: | $2,668 |
| Royalty Type: | Public Performance |
| First Payment: | June 2018 |
| Buyer Fees: | None |
*This asset has a limited-term investment period. The winner of this auction will own the right to the royalty payments made after the auction close date and through the 10-year anniversary of the auction close date. All payments made after the 10-year anniversary of the auction close date will belong to the seller. For an illustration of how this works, see the FAQ tab.
Description
These songs were released almost 30 years ago… and the royalties are still growing! Bid on songwriter royalties from two late 80s/early 90s dance pop hits from Dino. In the last 12 months, these songs earned $2,668 -- a 29% increase over the previous 12 months!
Up for auction are the next 10 years of royalty payments from 50% of royalties generated by Dino’s highest-charting songs -- “I Like It” and “Romeo.” Released in 1989, “I Like It” makes up 99% of the last 12 months earnings. The song peaked at No. 7 on the Billboard Hot 100 and No. 3 on the Hot Dance Music/Club Play chart in the United States. It sold over 500,000 copies, receiving Gold certification. A year later, “Romeo” was released and reached No. 6 on the Billboard Hot 100.
Dino got his start as a singer/songwriter/producer and eventually signed with the 4th & B’way record label as a solo artist. Dino’s fanbase expanded when he became the opening act for New Kids on the Block in the summer of 1989.
Key Drivers
Longevity. “I Like It” and “Romeo” were released nearly 30 years ago. Both songs not only continue to produce royalties… but the earnings are increasing. Earnings from “I Like It’ grew 27% in the last 12 months over the previous, and “Romeo” an impressive 150%.
Continued Radio Play. “I Like It” continues to get significant radio play decades after it’s release. In fact, radio royalties made up 94% of the revenue last year and the earnings were 24% higher than the previous year.
What is being sold?
10 years of royalty payments derived from 50% of the seller's interest in the songwriter's share of domestic (U.S.) public performance royalties attributable to the musical compositions "I Like It" (BMI Work # 634225) and "Romeo" (BMI Work # 1267721).
How does this asset make money?
Every time “I Like It” or “Romeo” is played on SiriusXM, the radio, or any other type of public performance, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is June 2018.
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 Placements & 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.