Publishing Royalties: Global Pop

Please note, Sony/ATV changed how they distribute international* earnings in their H2-2019 statement, paid in H1-2020. Royalties in this H2-2019 statement period included 12 months of international* earnings, rather than the six months paid in previous statement periods. This "catch-up" payment was made in an effort to pay international* earnings on the same schedule as domestic earnings. 

*International denotes royalties earned outside the United States.

EXCHANGE RATES AND FOREIGN TAX WITHHOLDING

Royalties for this asset are reported in Great British Pounds from Sony Music Publishing Great Britain. To calculate the royalty payments in U.S. Dollars, Royalty Exchange applied the average historical foreign exchange rate for the distribution month (via X-rates.com).

The future royalties will be paid to Royalty Exchange in Great British Pounds converted to U.S. Dollars upon receipt, and then paid in U.S. Dollars to the winning investor. Assets paid in foreign currency entail additional risk as foreign exchange rate changes will cause fluctuations in future cash flows. 

Additionally, because the royalty payments originate in Great Britain, the purchaser may be subject to withholding taxes, depending on their domicile. You can learn more about foreign tax withholding here. Since all investors’ tax situations are different, please consult your tax advisor if you have questions on foreign withholding. 

PLEASE NOTE This catalog will not be automatically added to the Secondary Market of The eXchange. The winning bidder can contact Royalty Exchange to relist.