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.
Dec 19, 2016, 3:04 PM MST
Life of author + 70 years
Last 12 Months' Royalties:
$75 ASCAP Assignment Fee
Bid on a catalog of rock music that has consistently earned over $1,000 a quarter over the last two years. In the last 12 months, this asset generated $6,186 in royalties. Up for auction is 100% of the songwriter's share of public performance royalties for songs by Korn, Black Veil Brides, Sugar Ray, Good Charlotte and more.
This catalog is highlighted by Korn's “Narcissistic Cannibal” featuring Skrillex and Kill the Noise. Korn has earned two Grammy Awards out of seven nominations and is considered one of today's most influential rock bands. The song is off of the album The Path of Totality which debuted atop the Billboard Dance/Electronic chart and was their 11th LP to arrive in the Top Ten of the Billboard 200. “Narcissistic Cannibal” continues to be popular since it's release in 2011. Today, it has over 31 million YouTube views and has seen a uptick in views since 2014.
Other top earners in this catalog include songs by the Black Veil Brides, a rock band who has won multiple awards at the Kerrang! Awards. The Kerrang! Awards is an annual music awards show in the UK put on by Kerrang!, an established UK-based magazine devoted to rock music.
BIGGEST LEVERAGE POINTS FOR INVESTORS:
Narcissistic Cannibal and the three Black Veil Brides songs consistently make up over 50% of the catalog's total earnings. Earnings from each of these songs have leveled out since their release over 5 years ago. This provides a stable foundation for the catalog to generate earnings long into the future.
The song “Triumphant” was placed in a Budweiser holiday commercial in 2015 and has paid out more than $1,400 in the last two quarters. The commercial aired on over 20 networks.
What is being sold?
100% of Seller's interest in the songwriter's share of public performance royalties attributable to a selection of musical works in the seller's ASCAP catalog. See the “Financials” tab for a full track list.
IMPORTANT NOTE:Possession of the songwriter’s portion of this asset must be taken via a trust, which is required due to ASCAP’s assignment policy. Please see the Post-Auction Process tab for further information.
How does this asset make money?
Every time “Narcissistic Cannibal,” or any other song in this catalog, is played on iTunes, Pandora, Spotify, or any other type of public performance, you earn royalties. ASCAP makes payments quarterly and the next ASCAP domestic royalties payment is scheduled for January 2017 and the next international royalties payment is scheduled for November 2016.
What rights are included?
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.
About the Royalty Distributor
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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