Cage The Elephant “In One Ear”
Invest in publishing royalties from the alternative rock hit “In One Ear” by Grammy award-winning band Cage The Elephant.
- Closed June 30, 2017
- Life-of-rights term
- Musical Composition
- BMI
About This Auction
- $1,166
- 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
- $4,500
- Bidding Increment
- $150
- Closing Price
- $16,950
- End Date
- June 30, 2017, 2:00 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
Invest in the publishing share of public performance royalties from the hit alternative rock song “In One Ear” by Grammy award-winning band Cage The Elephant. Released in 2009, this song earned $1,166 last year.
“In One Ear” is off of the band's certified Platinum debut studio album Cage The Elephant. The album appeared on both the UK and US top album charts, reaching No. 38 and No. 67 respectively. Today, “In One Ear” has more than 6.7 million Youtube views and over 18.6 Spotify plays.
Formed in 2006, Cage The Elephant is known for their energetic live performances and eclectic sound. They have released four albums to date, their most recent earning them their first Grammy award in 2017 for Best Rock Album.
Key Drivers
1) Cage The Elephant is set to release a new album, Unpeeled, in July. New releases can help boost an artist's back catalog because the release of new music draws discovery among new fans who are listening to these artists for the first time. To illustrate, when Cage The Elephant's second album came out in 2011, their debut album from 2009 reappeared on the Billboard 200 chart and actually charted higher than it did on its initial debut!
2) Royalties from live performances make up 17% of last year's earnings for “In One Ear,” growing 145% from 2015. Cage The Elephant is actively touring this year with dates scheduled every month through November, including an appearance at Lollapalooza. Tours give artists the chance to solidify their current fan base and expand their reach to new listeners.
What is being sold?
100% of the seller's interest in the of royalties attributable to the musical composition "In One Ear" (BMI Work # 9832966).
How does this asset make money?
Every time “In One Ear” is played on the Pandora, Spotify, the radio, or any other type of , 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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