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.
Sep 18, 2017, 3:00 PM MDT
Life of author + 70 years
Last 12 Months' Royalties:
$75 ASCAP Assignment Fee
*A one-time ASCAP reassignment fee of $75 will be added to the final sale price on the invoice.
This auction features public performance royalties from a catalog that includes songs by the alternative rock band Mutemath. The highest earning songs in the catalog come from Mutemath's third and fourth albums, Odd Soul (2011) and Vitals (2015). In all, the catalog earned $2,981 in the last 12 months.
Two songs in this catalog charted in Billboard's Top Alternative Songs Chart. “Blood Pressure” spent 12 weeks on the chart in 2011 and reached #28. “Monument” spent 3 weeks on the chart in 2015 and reached #35. Although “Monument” is less than two years old, it is already the highest earning song in this catalog.
One interesting note is that Mutemath just released a new album on September 8th, and is currently out on tour promoting the album. Songs from the new album are not included in this auction, but new album releases and tours can often drive interest in a band's back catalog.
Another thing to mention is that music from this catalog has been popular with TV programmers. 44% of the catalog's earnings come from TV and film placements. TV shows include Jimmy Kimmel Live and The Tonight Show, as well as ESPN/ABC's college football programming. You'll earn royalties every time new TV programming uses songs from this catalog as well.
New Album, New Tour. Mutemath's new album, Play Dead, was just released on September 8. Their new tour supporting the album began on September 14. New albums and tours can help reinvigorate artists' back catalogs, because the release of new music draws interest from first time listeners and also reengages existing fans. To read more about how new releases affect artists' back catalogs, click here.
What is being sold?
100% of the seller's interest in the songwriter's share of public performance royalties attributable to the musical compositions listed in the track list available for download in the “Financials” tab.
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 “Monument” or any song in this catalog is played on the radio, streamed on the internet, appears in a TV or movie (or any other type of public performance), you earn royalties. ASCAP makes payments quarterly and the first distribution you will receiveis October 2017.
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. It is a membership association of more than 575,000 composers, songwriters, lyricists and music publishers of every kind of music. ASCAP also represents music creators worldwide through agreements with affiliated international societies.
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.
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