Alabama's "If You're Gonna Play In Texas"
Own 25% of the songwriter's share of royalties for the classic country hit from 1984.
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- Closed September 13, 2017
- Life-of-rights term
- Musical Composition
- BMI
About This Auction
- $4,992
- Musical Composition
- Public Performance
- No
- Distributors
- BMI
- Sources
- Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.
- Life of author + 70 years
- First Payment
- September 2017
- Fees
- $500 BMI Payee Account Fee*
- Starting Price
- $20,000
- Bidding Increment
- $500
- Closing Price
- $56,000
- End Date
- September 13, 2017, 3:00 PM MDT
*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
Opportunities to own royalty streams for classic songs by legendary artists do not come around often. This is one of those rare opportunities. Alabama's “If You're Gonna Play in Texas (You Gotta Have a Fiddle in the Band)” is a country music classic and has been earning since 1984. Public performance royalties for the song have even been growing recently - it earned $4,992 in 2016, which was its most lucrative year since 2011.
This auction is for 25% of the total songwriter's share of public performance royalties. A 25% share of the royalties has earned more than $95,000 since 2001. After more than 30 years, “If You're Gonna Play in Texas” still has consistent radio earnings. It has also benefited from the recent growth in streaming - streaming royalties grew 24% in 2016 over 2015.
“If You're Gonna Play in Texas” was an instant country hit. It was released in July 1984 and reached #1 on Billboard's Hot Country Songs chart in October. It was the third single on Alabama's album Roll On, which went on to become certified quadruple platinum. It also appears on Alabama's Greatest Hits Vol. III.
Bid now for your chance to claim a piece of country music history.
Key Drivers
- Longevity. “If You're Gonna Play in Texas” has been earning since its release in 1984. It's a country music classic that still has consistent airplay on country radio, more than 30 years later.
- Streaming Growth. In addition to its continued play on country radio, it has benefited from the music industry's recent streaming explosion. Streaming earnings for 25% of this song began with a single penny in 2001, reached $103 in 2011, and totaled $1,262 in 2016.
What is being sold?
25% of the of royalties attributable to the musical composition “If You're Gonna Play In Texas” (BMI Work ID # 709709).
How does this asset make money?
Every time “If You're Gonna Play in Texas” is played on the radio, streamed on the internet, or performed in any other public venue, you earn royalties. BMI makes payments quarterly and the first distribution you will receive is September, 2017.
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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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.
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