Song Featured in "Alpha Dog"

Invest in a hip-hop catalog with a nine year earning history, includes a song from the soundtrack of 2007 feature film, Alpha Dog.

$19,750

closing price

Auction Closed

Top Bid: Dean T

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: $9,000
Bidding Increment: $250
Closing Price: $19,750
End Date: May 22, 2017, 3:07 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $3,300
Royalty Type: Public Performance
First Payment: June 2017
Fees: $500 BMI Payee Account Fee*

*BMI charges a one-time fee of $500 to open a new payee account, which will be debited from the payee's first royalty distribution. Once opened, multiple royalty streams can be routed to the buyer's payee account. If you already have a BMI payee account, there is no fee.

Description

Here's a chance to own the songwriter and publishing royalties for a hip-hop catalog with nine years of consistent earnings. The steady royalty stream is a result of one song, “Enemy and I”, featured in the 2007 film Alpha Dog. In the last four quarters, the combined songwriter and publisher royalties have generated $3,300.

“Enemy and I”, performed by Lazarus, was released on the soundtrack for Alpha Dog, a crime drama directed by Nick Cassavetes. To date, “Enemy and I” has generated $27,135 and accounts for 94% of the catalog's earnings. This is a unique earning stream, as the income comes almost entirely from TV and film.

Alpha Dog is based on the true story of the kidnapping and murder of Nicholas Markowitz by Jesse James Hollywood, a drug dealer who became one of the youngest men ever to be on the FBI's most wanted list. Alpha Dog stars big names Emile Hirsch, Justin Timberlake, Anton Yelchin and Sharon Stone. “Enemy and I” is featured twice in the film: once for two and a half minutes during the kidnapping scene as well as another placement for about a 90 seconds.

Key Drivers

1.) This auction is for songwriter and publisher royalties for the entire catalog that includes 13 tracks. The seller also happens to be the artist who performs “Enemy and I” used in Alpha Dog. This is noteworthy because they will continue to have a vested interest in the song as well as the other catalog works, since they are the sole rights holder. If they find new placements for these tracks in new shows, films etc., you will earn royalties.

2.) You might notice that the royalties tend spike in certain quarters. This is a result of Alpha Dog, airing on various cable network and premium channels (such as HBO or Cinemax) at different times. For example, in the Q3 2015, Alpha Dog solely aired on Cinemax and “Enemy and I” collected $1,251 in royalties. Whereas, in the Q3 2016 distribution, “Enemy and I” earned from airings on HBO with $863 of income.

What is being sold?

100% of the seller's interest in the songwriter's and publisher's share of public performance royalties attributable to the seller's catalog of musical works administered by BMI. See the “Documents” tab for a full track list.

How does this asset make money?

Every time “Enemy and I” or any song in this catalog, is played on TV, or any other type of public performance, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is June 2017.

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, TV/Film/Commercial Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributed by: BMI

About the Royalty Distributor

BMI represents more than 10.5 million musical works created and owned by more than 700,000 songwriters, composers and music publishers. BMI supports businesses and organizations that play music publicly by offering blanket music licenses that permit them to play more than 10.5 million musical works.

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Financials

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Post-Auction Process

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