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, TV/Film/Commercial Performances, etc.
Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Here we have a catalog containing custom-produced music featured in Nickelodeon programming. This collection of songs has prominent placements in the popular teen sitcoms Victorious,iCarly, and Sam & Cat.
This catalog is slightly different from a traditional production music asset. Many of these songs were created specially for these TV series, and are highlighted prominently within the programming. As a result, these tracks receive more lucrative payouts for their “featured” and lengthier presence.
The three Nickelodeon series — Victorious, iCarly, and Sam & Cat — account for 61% of this catalog's earnings in the last year, with Victorious bringing in the majority at 35%. The premise for Victorious revolves around an aspiring singer who attends a performing arts high school. Not surprisingly, the show contains numerous songs in every episode. Victorious features 19 songs from this catalog across upwards of 9 separate episodes. After four seasons and two Emmy nominations, the show now airs regularly on Teen Nick.
The series Sam & Cat and iCarly together bring in 26% of the catalog's earnings. Interestingly, Sam & Cat is a crossover/sequel of both Victorious and iCarly, and launched the career of pop star Ariana Grande. Both series air reruns as well on Teen Nick. Finally, the catalog also contains music placed in other TV series such as the comedy special Kevin Hart: Laugh At My Pain and reality TV programs Apres Ski, Tough Love, and Timber Creek Lodge, among others
Type of Music. The biggest draw to this catalog is the fact that its music is custom-created for longer and featured placements among the Nickelodeon shows. The average performance duration of the songs in this catalog is over one minute and this means that they receive higher payouts. Check out the "Media" tab to listen to a few of the tracks.
Longevity. All three of these Nickelodeon series have been canceled for quite some time. Victorious as well as Sam & Cat aired their final episodes in 2014 and iCarly, in wrapped its last episode in 2012. What is interesting is that all three shows continue to air on the network Teen Nick and even do so in primetime. This speaks to the popularity of Nickelodeon's series, as they are still in high demand by young adult viewers and children. In fact, all three shows have episodes scheduled to air multiple times this week on Teen Nick!
About the Royalty Distributor
SESAC is one of four United States performing rights organizations, along with ASCAP, BMI & Global Music Rights. It collects license fees from music users on behalf of songwriters, composers, and music publishers and distributes them as royalties to those members whose works have been performed. For more information on SESAC’s distribution schedule, click here.
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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