Popular Christian Worship Music
Here's an opportunity to earn royalties from time-honored Christian music with diverse income sources.
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- Closed November 8, 2017
- Life-of-rights term
- Musical Composition
- Integrity Music
About This Auction
- $4,728
- Musical Composition
- Mechanical, Public Performance, Sync
- No
- Distributors
- Integrity Music
- Sources
- Internet Streaming, AM/FM & Satellite Radio, Digital Downloads, CD Sales, Print Sales, TV/Film/Commercial Placements & Performances, etc.
- Life of author + 70 years
- First Payment
- November 2017
- Starting Price
- $14,000
- Bidding Increment
- $500
- Closing Price
- $36,500
- End Date
- November 8, 2017, 3:11 PM MST
- Buyer Fees
- None
Description
This catalog contains Christian music that's generated earnings for over 20 years. From well-known songwriter David Baroni, this music spans from long-standing hymns to instrumental worship and more. Over the last 12 months, this asset has produced $4,728 in royalties.
As the winning bidder, you'll collect royalties from multiple income sources: , mechanical (sales), sync and print licensing. This catalog also earns from a unique source — Christian Copyright Licensing International (CCLI), which provides direct licensing to churches and ministries.
The largest income source (46%) is — which are paid to the songwriter when music is either sold physically (CDs), downloaded from iTunes or streamed on Spotify (streaming mechanical). The majority of these come from physical sales at 62%. What's noteworthy, is both mechanical and royalties are experiencing growth over the past year.
The title “Oh Draw Me Lord” is the highest-earning track, bringing in 45% of historic income. This is attributable to artists recording the song, such as Jimmy Swaggert, Michael W. Smith, and Selah, among others. Since this auction is for the , you will collect royalties from the musical composition for any version of these songs recorded by any artist. In 2016, Jimmy Swaggert released a version of "Oh Draw Me Lord" on his album The Psalms. As a result, you'll notice an increase in in Q2 2017.
Finally, as mentioned, this catalog has longevity. There a few songs that have generated earnings since the early 1990s. For example, “O Mighty Cross” was written in 1994 and the song continues to earn in 2017. Interestingly, the majority of royalties for “O Mighty Cross” (52%) come from print licensing. The song is included in the well-known Celebration Hymnal, as well as two other hymnals used in churches and ministries worldwide.
Key Drivers
1.) 33% of publishing royalties come from CCLI, Christian Copyright Licensing International. CCLI is a licensing organization that provides churches with solutions to complex copyright issues. CCLI ensures artists, labels, and studios receive fair compensation for their work. Churches around the world use thousands of songs during worship services and need permission from the copyright owners to record them, make arrangements, duplicate copies, project lyrics on screen, etc. Through CCLI, a church can obtain a single annual license that covers any song in CCLI's collection. Songs such as “Oh Draw Me Lord,” “O Mighty Cross,” and many others in this catalog are available through CCLI.
2. ) According to the Gospel Music Association's 2015 industry overview, 68% of Americans listen to Christian or Gospel music. It commands 6.6% of overall U.S. music sales, more than jazz, blues, and classical combined.
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 songwriter share of publishing royalties distributed by Integrity Music for select songs from the seller's catalog. See track list on “Financials” tab. Earnings include , mechanical, sync, and print royalties. Royalties are collected worldwide through distribution by Integrity Music.
How does this asset make money?
Every time “Oh Draw Me Lord” 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.
About the Royalty Distributor
Integrity Music is a recording and publishing label whose music is distributed in over 200 countries and translated and recorded in numerous languages. Integrity is a part of David C Cook, a nonprofit publisher and distributor of Christian-based resources.
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
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Earnings over time, and where they came from.
FAQ
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Answers about the term, the bidding and the royalties.
Media
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Videos, audio and images from the catalog.
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