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.
Oct 03, 2016, 3:06 PM MDT
Life of author + 70 years
Past 4 Quarters' Royalties:
$75 ASCAP Assignment Fee
Bid on 90% of the Seller's songwriter interest in public performance royalties generated by a catalog of production music that has been used in over 100 television shows. These songs have appeared on shows including Foo Fighters: Sonic Highways, Teen Mom, Jersey Shore, and Blue Collar Millionaires.
The music played in the background during television shows is considered production music. This music is sometimes overlooked by the audience, but can be a consistent royalty income producer. This auction includes the theme song for the show Blue Collar Millionaires, which airs on CSNBC, and every time an episode plays on television the theme song will generate a royalty payment for the winner.
ASCAP 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 November. In the past 12 months this catalog has generated $7,718. More detailed information can be found in the “Financials” tab.
What is being sold?
90% of Seller's interest in the songwriter's share of public performance royalties for a catalog of songs administered by ASCAP. The financials represented in the listing reflect 90% of the royalties earned by this asset. That means if you owned the asset available for auction in 2015, you would have earned $10,152 of royalties.
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 Blue Collar Millionaires, or any other show, uses a song from this catalog and airs on television, you earn money.
what is interesting about this asset?
One of the highlights of this catalog is the track titled “Ramrod”, which is the theme song for the TV show Blue Collar Millionaires, which airs on CSNBC and was just renewed for a second season. That means every time an episode of Blue Collar Millionaires airs on television, you will earn a royalty.
Another track included in the catalog has been used in Foo Fighters: Sonic Highways, which airs on HBO. In 2015 this show won multiple Primetime Emmy Awards, including the Emmy for Outstanding Sound Editing for Nonfiction Programming and Outstanding Sound Mixing for Nonfiction Programming. In addition to winning 4 Emmy Awards, the show also won the 2015 Cinema Audio Society USA award for Outstanding Achievement in Sound Mixing for Television - Non-fiction, Variety or Music Series or Specials.
This catalog has enjoyed consistent use in the popular MTV shows Ridiculousness, Jersey Shore, and Teen Mom. Additionally, this catalog has been used in subsequent spin-offs of the original Teen Mom series, including Teen Mom 2, Teen Mom 3, and Teen Mom OG.
what rights are included?
about the royalty distributors
ASCAP is the American Society of Composers, Authors and Publishers (ASCAP), a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. Through agreements with affiliated international societies, ASCAP also represents hundreds of thousands of music creators worldwide.
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.
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