Bid on 100% of the songwriter's share of royalties for a catalog of 21 songs. This catalog is a mix of Pop and R&B songs with both a domestic and international presence. Songs include “Love Not Money” by Maude, which was featured in the French Top 20, and “Rag Doll” by Vali, which was used in the movie Last Vegas starring Robert De Niro and Morgan Freeman.
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 October 2016. This asset has generated $563.09 in the most recent 4 quarters of statements. More detailed financial information can be found in the “Financials” tab below.
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.
Jul 26, 2016, 3:00 PM MDT
Past 12 Month's Royalties
What Is Being Sold?
100% of the seller’s interest in the songwriter’s share of the public performance royalties generated by the seller’s ASCAP catalog
How Does this Asset Make Money?
Every time songs from the catalog play on iTunes, Pandora, Spotify, or any other type of public performance, you earn royalties. ASCAP will distribute the royalties to the winner of this auction on a quarterly basis. The winner will receive the first domestic royalties payment in October 2016 and the first international royalties payment in November 2016.
What Is Interesting About this Asset?
There are three featured songs in this catalog. “Love Not Money” by the French artist Maude was released in 2014 and featured in the French Top 20. Today, it has over four million views on YouTube. “Trouble” by Ginuwine feat. Bun B, released in 2010, is on Ginuwine's album A Man's Thoughts, which debuted at number nine on the Billboard Top 200. “Rag Doll,” by Vali was used in the 2013 film Last Vegas featuring Michael Douglas, Robert De Niro, Kevin Kline and Morgan Freeman.
Since inception, these three songs make up 88% of the catalog's income. Every time a fan streams “Love Not Money” (or any other song in this catalog), or Last Vegas airs on TV, you earn money!
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.
What Rights Are Included?
This auction is for 100% of the royalty earnings from the seller’s public performance rights as the songwriter for this ASCAP catalog. “Public performance rights” are rights songwriters license to third parties to play their music in public. The seller is registered with ASCAP, who issues licenses on the seller’s behalf and collects and pays royalties to the seller. Anytime these songs are played on the radio, streamed on the Internet, or appear in a television show or movie, the songwriter earns a royalty.
The seller will retain the ownership of his interest in the musical composition copyrights.
About the Royalty Distributors
ASCAP is 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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