Music from Fox Sports and Popular Network TV
A diverse catalog of music that has been used on Fox Sports, Popular TV shows like Parks and Recreation, and the Adam Sandler film That's My Boy
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: | $12,000 |
| Bidding Increment: | $500 |
| Closing Price: | $17,500 |
| End Date: | Nov 15, 2016, 3:00 PM MST |
| Investment Term: | Life of author + 70 years |
| Last 12 Months' Royalties: | $4,216 |
| Royalty Type: | Public Performance |
| First Payment: | January 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
Invest in royalties from a diverse catalog of music by award-winning producer, sound engineer, and songwriter Otto D. Otto's music has been placed in popular television shows and film, and he has worked with artists such as the 90's hit dance club artist Ce Ce Peniston and NBA All-Star and Motown recording artist Wayman Tisdale. A majority of the catalog's publishing rights are owned by Wild Whirled Music, a boutique production music company that licenses music for film and television. Wild Whirled Music has successfully placed songs from this catalog in Fox Sports programming, in popular TV shows such as Parks and Recreation, LA Ink, Psych, and in the Adam Sandler movie, That's My Boy. The winner of this auction will benefit from Wild Whirled Music's continued efforts to find new and recurring placements for this catalog in both TV and film.
Since 2013 this asset has earned an average of $3,028 a year, and in the last 12 months it generated $4,216. BMI will distribute the royalties to the winner of this auction on a quarterly basis, and the first royalty check will be distributed to the winner in January 2017. More detailed information can be found in the Financials tab.
What is being sold?
100% of the seller’s interest in the songwriter’s share of public performance royalties for a collection of musical works from the seller’s BMI catalog. See the “Financials” tab for a full track list.
How does this asset make money?
Every time a song in this catalog is played on the radio, Apple Music, Pandora, Spotify, or in any other type of public performance, you earn royalties. If a networks airs a TV show that uses any of the songs in this catalog, a public performance royalty is generated.
What rights are included?
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.