Music Used on HGTV and the Food Network
Collect royalties from songs used on popular shows such as Love It Or List It and Chopped
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: | $20,000 |
| Bidding Increment: | $500 |
| Closing Price: | $32,500 |
| End Date: | Nov 16, 2016, 3:11 PM MST |
| Investment Term: | Life of the author + 70 years |
| Last 12 Months' Royalties: | $8,314 |
| 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
Up for auction are performance royalties from a catalog of music used in television, film, and media worldwide. Tracks in this catalog have earned royalties from placements in popular television shows such as HGTV's Love It or List It, The Food Network's Chopped, and hundreds more. Every time a TV show airs that uses a song in this catalog, the winner of this auction will collect royalties.
Songs in this catalog are licensed by Getty Music, who make the catalog available for media creators to use the music in their TV, film, and other media projects. Getty Music will continue to make this catalog available for licensing for new media projects, which can lead to new sources of public performance income.
Since 2010 this catalog has earned an average of $7,876 a year and in the last 12 months has generated $8,315. BMI will distribute the royalties to the winner of this auction on a quarterly basis. The winner of the auction will receive the first royalty check in January 2017. More detailed information can be found in the “Financials” tab.
What is being sold?
100% of Seller's interest in the songwriter's share of public performance royalties attributable to the musical works in Seller's BMI catalog. See the “Financials” tab for a full track list.
How does this asset make money?
Every time a network airs a television show that uses any of the songs in this catalog, the asset generates a public performance royalty. This means every time an episode of Love It or List It, Chopped, or any other show, uses a song from this catalog and airs on television, you earn money.
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: | 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.