Music Used on HGTV and the Food Network

Collect royalties from songs used on popular shows such as Love It Or List It and Chopped

Closed November 16, 2016

Life-of-rights term

Musical Composition
BMI

About This Auction

: $8,314

: Musical Composition
: Public Performance
: No
Distributors: BMI
Sources: Internet Streaming, AM/FM & Satellite Radio, TV/Film/Commercial Performances, etc.

: Life of the author + 70 years
First Payment: January 2017
Fees: $500 BMI Payee Account Fee*

Starting Price: $20,000
Bidding Increment: $500
Closing Price: $32,500
End Date: November 16, 2016, 3:11 PM MST

*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

Up for auction are performance royalties from a catalog of music used in television, film, and media worldwide. Tracks in this catalog have earned royalties from placements in popular television shows such as HGTV's Love It or List It, The Food Network's Chopped, and hundreds more. Every time a TV show airs that uses a song in this catalog, the winner of this auction will collect royalties.

Songs in this catalog are licensed by Getty Music, who make the catalog available for media creators to use the music in their TV, film, and other media projects. Getty Music will continue to make this catalog available for licensing for new media projects, which can lead to new sources of income.

Since 2010 this catalog has earned an average of $7,876 a year and in the last 12 months has generated $8,315. BMI will distribute the royalties to the winner of this auction on a quarterly basis. The winner of the auction will receive the first royalty check in January 2017. More detailed information can be found in the “Financials” tab.

What is being sold?

100% of Seller's interest in the of royalties attributable to the musical works in Seller's BMI catalog. See the “Financials” tab for a full track list.

How does this asset make money?

Every time a network airs a television show that uses any of the songs in this catalog, the asset generates a royalty. This means every time an episode of Love It or List It, Chopped, or any other show, uses a song from this catalog and airs on television, you earn money.

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.

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.

Financials

Earnings over time, and where they came from.

FAQ

Answers about the term, the bidding and the royalties.

Media

Videos, audio and images from the catalog.