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.
Dec 15, 2016, 3:00 PM MST
Life of author + 70 years
Last 12 Months' Royalties:
Digital Sales, Streaming & Sync
Bid now to own and control 100% of the sound recording copyrights and associated royalties for a 470-song catalog of psychedelic trance music from indie labels Neurobiotic Records and Indica Music. These tracks are distributed by INgrooves in digital music outlets like iTunes, Google Music, Spotify, Pandora and Beatport, and have earned $3,742.40 in royalties in the last 12 months.
Since January 2008, this catalog has generated $73,232.30 through its distribution agreement with INgrooves. INgrooves has limited exclusivity in distributing to its channel partners, but the owner of this catalog has the right to distribute outside of the channels used by INgrooves. That means the winning bidder of this auction may be able to monetize the catalog in ways that are not currently being explored.
Neurobiotic Records has been active in the psychedelic trance scene since 2001 and has continued to release records up through 2016. It organized the first trance festivals in Italy from 2005-2007, called “Sonica,” which attracted more than 15,000 people from all over the world. Indica Music is a sublabel of Neurobiotic Records and its most significant release, Cell's album Phonic Peace, continues to be a top earner for this catalog more than 10 years after its 2005 release.
*Important note on the closing process*
The distributor, INgrooves, reserves the right to deny an assignment of the seller's distribution agreement to a third party purchaser. As a part of this auction's closing process, the seller will disclose the winning bidder to INgrooves as the proposed assignee. If INgrooves denies the assignment, the winning bidder will have the option of (1) directing the seller to terminate the INgrooves agreement so that the winning bidder can enter its own agreement with a different distributor, or (2) canceling the deal and having its money returned.
What is being sold?
100% of the sound recording copyrights and all associated royalties for a catalog of musical works released by Neurobiotic Records and Indica Music, currently distributed by INgrooves.
How does this asset make money?
Every time a song in this catalog is streamed online, digitally downloaded, or played on satellite radio, the winner of this auction will earn a royalty. The royalties for this catalog are currently distributed monthly by INgroovesand the next check is scheduled for January 2017.
What rights are included?
About the Royalty Distributor
INgrooves Music Group, a leader in the independent music distribution and marketing industry, provides independent labels, established artists and other content owners with the most transparent and scalable distribution tools including analytics, rights management services, and thoughtful marketing solutions to maximize sales in today’s dynamic global marketplace.
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)).
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