Jazz Saxophonist Kim Waters
Invest in public performance royalties from music by accomplished jazz saxophonist Kim Waters, an artist JazzTimes Magazine calls “simply one of the planet’s best saxophonists."
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: | $17,000 |
| Bidding Increment: | $500 |
| Closing Price: | $23,000 |
| End Date: | Jun 21, 2017, 2:02 PM MDT |
| Investment Term: | Life of author + 70 years |
| Last 12 Months' Royalties: | $4,624 |
| Royalty Type: | Public Performance |
| First Payment: | July 2017 |
| Fees: | $75 ASCAP Assignment Fee |
Description
Collect royalties from this accomplished artist who debuted on the music scene in 1989 and is still active today. Up for auction are public performance royalties from jazz saxophonist Kim Waters. In the last 12 months, this catalog of 150+ songs generated $4,624.
Waters music combines the of best of jazz, R&B, funk, and soul. This formula has led him to over 20 No. 1 hits and several songs in the top 10. Waters is also part of the Sax Pack, a smooth jazz group featuring 3 saxophone players: Jeff Kashiwa, Steve Cole and Kim Waters. Included in this catalog are both solo works and music from the trio.
Throughout his career Waters has released 22 solo albums. His work has been well received by critics. JazzTimes Magazine named him "simply one of the planet’s best saxophonists" and Upscale Magazine called him “the pied piper of smooth jazz.” His latest album, Rhythm and Romance, came out in June of 2016 and reached No. 12 on Billboard's Jazz Album chart
Key Drivers
1. Longevity. Kim Waters debuted in 1989 and continues to release music today. Even his early works remains relevant, many still receiving radio airplay and streams. In fact, his song “The Ride” which was released over a decade ago was the second highest earner in the past 12 months, with a 42% growth rate over the previous!
2. Waters is active on the tour circuit. He has toured every year for the past 10 years and has upcoming shows scheduled throughout 2017. Touring helps artists stay in touch with their fan base, reinvigorate their back catalog and bring in new listeners.
What is being sold?
50% of the seller's interest in the songwriter's share of public performance royalties attributable to the seller's catalog of musical works administered by ASCAP. See the “Financials” tab for a full track list.
IMPORTANT NOTE: Possession of the songwriter’s portion of this asset 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.
How does this asset make money?
Every time “Bring It” or any song in this catalog, is played on the radio, streamed on Pandora, or any other type of public performance, you earn royalties. ASCAP makes payments quarterly and the first distribution you will receive is July 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: | ASCAP | — |
About the Royalty Distributor
ASCAP is the American Society of Composers, Authors and Publishers. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.
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