Time-Honored, Christian Worship Music

Invest in publishing royalties from the well-known Christian song “I Worship You, Almighty God,” with an earnings history of over 30 years!

$81,000

closing price

Auction Closed

Top Bid: gery s

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: $28,000
Bidding Increment: $1,000
Closing Price: $81,000
End Date: Sep 19, 2017, 3:32 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $11,470
Royalty Type: Public Performance, Mechanical, Sync
First Payment: November 2017
Fees: None

*This listing was previously posted with financials calculated on an incorrect data column. All financials and raw data have been updated to reflect the current amounts.

Description

This is a rare opportunity to collect royalties from a long-standing staple in Christian music. What makes this auction unique is the majority of earnings come from direct licensing to churches and ministries. In the last 12 months, this asset has generated $11,470 in royalties.

Up for auction is 100% of the seller's interest in the publishing royalties for the title “I Worship You, Almighty God,” which also appears in a medley. The song was originally written and recorded in 1983. Since then it's become one of the world's most loved and recognizable worship songs... with earnings collected for over 30 years!

This asset has an interesting and lucrative income source. 76% of historic earnings come from Christian Copyright Licensing International (CCLI). CCLI sells direct licenses to churches to streamline copyright issues for various religious works. You will also collect royalties for performances, mechanical (sales), TV and film synchronization, and print licensing for sheet music and other print media. For example, “I Worship You, Almighty God” is part of Word Music’s The Celebration Hymnal, a non-denominational hymnal containing nearly 700 songs.

“I Worship You, Almighty God” is translated into many languages with international earnings coming from the United Kingdom, Australia, Africa, and Germany, among others. The song has been recorded by hundreds of artists like Don Moen, Phil Driscoll and Israel Houghton & New Breed. It's also been included on compilation albums such as WOW Worship and World’s Best Praise & Worship and used in thousands of worship services over the years.

Key Drivers

1.) 76% of publishing royalties come from CCLI, Christian Copyright Licensing International. CCLI is a licensing organization that provides churches with solutions to complex copyright issues. They ensure that artists, labels, and studios receive fair compensation for their work. Churches around the world use thousands of songs each year during worship services. They need permission from the copyright owners of those songs to record them, make arrangements, duplicate copies, project lyrics on screen, etc. Through CCLI, a church can obtain a single annual license that covers almost any song for just about any type of use they can imagine. “I Worship You Almighty God” is available through CCLI.

2.) This asset has longevity. “I Worship You Almighty God” has generated royalties for the seller for more than 30 years. This demonstrates stability, consistency and impact this song has on Christian music and worshipers worldwide. Moreover, the song still has potential for growth with new projects. For example, Integrity Music recently received a request from the Oprah Winfrey Network (OWN), to use “I Worship You Almighty God” in its TV series, Greenleaf. Although the song did not end up being placed, this shows the song is still considered for new projects today.

3.) Multiple royalty streams for one song. This means the winner of this auction can receive income in various ways: mechanical, performance, synchronization and print. Want to learn more about the different royalty types? View our guides on mechanical and performance royalties here and sync royalties here.

What is being sold?

100% of the seller's share of publishing royalties for worship titles “I Worship You Almighty God” (Song Code 101) and "None Like You Medley" (Song Code 19294). Earnings include public performance, mechanical, sync, and print royalties. Royalties are collected worldwide through distribution by Integrity Music.

How does this asset make money?

Every time “I Worship You Almighty God” is licensed by a church, the song is downloaded or sold, or the sheet music for the songs is included in a hymnal or song book, you'll earn money. Integrity Music pays on a quarterly basis and the winning bidder's first payment will be made in November 2017.

What rights are included?

  Musical Composition Sound Recording
Copyrights included? No
Rights:
Mechanical
Public Performance
Sync
Sales
Non-Interactive Streaming
Sync
Sources: Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, Print Sales TV/Film/Commercial Placements & Performances, etc. Internet Streaming, Satellite Radio, Digital Downloads, CD Sales, TV/Film/Commercial Placements & Performances, Samples, etc.
Distributors: Integrity Music

About the Royalty Distributor

Integrity Music is a recording and publishing label who distributes music in over 200 countries and translated in numerous languages. Integrity is a part of David C Cook, a nonprofit publisher and distributor of Christian-based resources.

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