Robert Miles Neighboring Rights

A rare opportunity to collect public performance royalties for sound recordings, including Robert Miles' #1 hit “Children” - this catalog earned $36,997  in 2016.

$172,500

closing price

Auction Closed

Top Bid: Harry P

Overview

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: $150,000
Bidding Increment: $2,500
Closing Price: $172,500
End Date: Feb 08, 2017, 3:16 PM MST
Investment Term: 48+ Years
Last 12 Months' Royalties: $36,997
Royalty Type: Neighboring Rights
First Payment: March 2017
Fees: None

Description

Neighboring Rights are currently one of the music industry’s fastest-growing revenue streams. According to IFPI's Global Music Report, worldwide artist and label income from public performances grew from $1.4 billion in 2010 to $2.09 billion in 2015.

This is your chance to collect the artist's share of neighboring rights royalties for works by Robert Miles, who is considered a pioneer in the dream trance genre. His first single “Children” was a crossover pop hit in 1996, reaching #1 on charts all over Europe. More than 20 years later, the song is still earning royalties. Since 2013, “Children” has earned $98,192.30 in neighboring rights royalties.

Although “Children” is the biggest royalty earner for this catalog, other notable earners include Fable,” which was used in the trailer for the Drew Barrymore movie Ever After, and “One & One,” which reached #1 on the U.S. dance charts. In total, this catalog has earned $158,085.52 since 2013.

The lifetime for neighboring rights varies by country, but countries in the European Union recognize the right for 70 years after a sound recording is first released. The majority of revenue earned by this catalog is from “Children,” which was released in 1995. That means that you will collect neighboring rights royalties for at least 48 years.

What is being sold?

You'll own 100% of the seller's “artist” share of worldwide terrestrial public performance neighboring rights and digital performance rights royalties attributable to the sound recordings in Robert Miles' catalog. You can review a list of tracks in the “Downloads” tab. Royalties are collected and distributed monthly by Kobalt, the largest neighbouring rights administrator in the world.

What are neighboring rights?

While performance rights refer to the right to publicly broadcast the musical composition associated with a given song, the “neighboring right” is the payment due to the owner of the sound recording (typically the recording artist and/or the label) for that same public performance.

While not every country recognizes terrestrial broadcast neighboring rights (the U.S. does not), many countries all over the world do, and they pay significant royalties to artists and labels for the public performance of their recordings. The U.S. does recognize royalties for non-interactive digital performances (like satellite and Internet radio feeds), which are paid by SoundExchange. When you look at the financial data, you'll see that U.S. royalties (mostly from SoundExchange) are a significant earner for this catalog.

See our Guide to Neighboring Rights for more detail on these rights.

How does this asset make money?

You'll earn money every time “Children,” or any other recording in the catalog is played publicly on the radio, TV, or streamed online around the world. Although you will not receive royalties for terrestrial broadcasts in the United States, you will earn non-interactive digital streaming royalties via Kobalt's direct relationship with SoundExchange.

What rights are included?

  Musical Composition Sound Recording
Copyright included: No
Rights:
Mechanical
Performance
Synch
Sales
Performance
Synch
Royalty Sources: Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, Terrestrial Radio & TV Performances.
Distributed by: Kobalt

ABOUT THE SELLER

Robert Miles began his career DJing in clubs and on the radio in northern Italy before being catapulted to worldwide fame with his million selling dream-house anthem "Children."

Robert's music continues to resonate today, with major label Sony's continued use of tracks from this catalog in compilation albums. Last year, Pete Tong, an English DJ for BBC Radio 1, included "Children" in his orchestral tribute to Ibiza classics.

Robert has continued pioneering in the music industry through his founding of OpenLab, a forward-thinking multimedia company led by OpenLab Radio, featuring the best in indie, electronica, alternative, ambient, experimental, chill-out, soul, singer-songwriter and jazz music.

About the Royalty Distributor

Kobalt Neighbouring Rights, a subsidiary of Kobalt Music Group, is the largest neighbouring rights administrator in the world. Leveraging its innovative technology and direct relationships with worldwide collection societies, Kobalt seeks to find, collect, and distribute the maximum royalty income earned by its clients.

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