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, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc.
Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
The Key Artist Agency
This international pop collection features publishing earnings from the popular Korean girl group Oh My Girl. As the winner of this auction, you will collect the publisher's share of mechanical, public performance, and sync royalties for this global catalog.
The largest income source is mechanical royalties — publishing royalties earned when music is either physically sold (CDs), downloaded (iTunes), or streamed online (Spotify). These mechanical royalties make up 51% of earnings for this catalog in the last year. And this income source has grown 31% in the last year.
Royalties are fairly evenly distributed across the catalog. The top-earning song is the 2018 release “Love O Clock,” bringing in 30% of revenue last year. This track is off the album Secret Garden (2018), which also includes the titles “Magic” and “Butterfly” from this collection. Those other two songs account for an additional 30% of last year’s income.
Right behind “Love O Clock” is the group’s popular title “Windy Day.” This song accounted for 25% of royalties in the last four quarters. Originally released in 2016, Oh My Girl recently re-released “Windy Day” in January 2019 on Oh My Girl Japan Debut Album. The album enjoyed healthy album sales thus far in Japan.
Korean pop acts first began to go viral over a decade ago with the emergence of YouTube. As a result, the Korean music industry has grown in recognition and popularity in both Asia and around the globe. K-Pop now has an audience in the United States, Europe, the Middle East, and South America, and other Asian markets, including Japan.
According to Nielsen, for the first time ever, songs by multiple K-Pop acts achieved success on the Billboard Hot 100 and other charts, suggesting the K-Pop revolution may have only just begun.
About the Royalty Distributor
The Key Artist Agency is a global talent agency for artists. The Key Artist Agency began as a publisher, looking to produce songs for the Korean industry. The company's goal is to discover and produce artists that satisfy markets both in and out of Korea. Quarterly payments are administered by The Key Artist Agency to its songwriters.
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.
Why does Royalty Exchange need to account?
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