The music played in the background during television shows is considered production music. This music is sometimes overlooked by the audience, but it is a consistent royalty income producer. This auction is a great opportunity to earn royalties generated by the production music used in a wide-range of television shows. Bid to own 100% of the public performance royalties attributable to the seller's BMI songwriter and publisher catalog. Songs in the catalog have been used in popular shows including NBC's Access Hollywood, Discovery Channel Canada's Daily Planet, and Fox Sports' programming. Additionally, this catalog has been used in popular reality television shows including Run's House and Botched.
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 Q3 (September 2016). This asset has generated $1,860.06 in the most recent 4 quarters of statements, and more detailed financial information can be found in the “Financials” tab below.
There is one more thing about this auction you should know. The seller has the option to re-purchase the royalty share for twice the final auction price within two years of the auction close date. If the seller exercises this option, you will more than double your money since you will have earned royalty payments along the way.
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:
$5,000
Bidding Increment:
$250
Closing Price:
$15,750
End Date:
Jul 12, 2016, 3:10 PM MDT
Total Bids
41
Past 12 Month's Royalties:
$1,860
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).
public performance
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.
mechanical royalties
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.
songwriter's share
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.
musical compositions
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.
sound recordings
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).
artist's share
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)).
publisher's share
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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