Copyright and Royalties - Machine Gun Kelly's "Home" + more

WHAT IS BEING SOLD?

The seller’s interest in the musical composition copyrights, including the publisher’s share of all publishing royalties, in the songs “Home” by Machine Gun Kelly and “Empty” by “Kiiara.” For “Home”, the seller owns 9.5% of the total composition copyright (which equals 50% of songwriter Robert Gillies’ interest). For “Empty”, the seller owns 13.33% of the total composition copyright (which equals 50% of songwriter Eben Wares’ interest). In both cases, the seller holds 100% of the writers’ administration rights in the songs for life of copyright. Copies of the seller’s publishing agreements with the songwriters are available upon request. (The songwriter’s share of public performance royalties is excluded from the sale.)

 

MATCHING RIGHT 

The seller's publishing administrator, Warner/Chappell, holds a matching right on any sale of these rights. The publisher will have the opportunity to match any accepted offer within 20 days after acceptance and must decline their matching right before you will be able to complete your purchase. For more information on how the matching right works or to review a copy of the W/C administration agreement, please email: info@royaltyexchange.com. 

 

NOTE ABOUT ONGOING ADMINISTRATION & PAYMENT OBLIGATIONS

If Warner/Chappell waives their matching right, the purchaser will have the opportunity to enter a new administration agreement with W/C or move the catalog to an administrator of their choice. W/C’s current administration fee is 10% of income (15% of sync if procured by W/C). If the W/C agreement is terminated, W/C will have a two-year post-termination retention period followed by a one-year collection period.

IMPORTANT NOTE: As owner of the copyright, the purchaser will have the obligation to pay – or direct their administrator to pay – 50% of the net income to each of the songwriters. Royalty data in this listing reflects 50% of net income. If you do not have a publishing administrator, Royalty Exchange can offer the service through our administrator, Kobalt.

 

NOTE ABOUT INVESTMENT TERM

The investment term is “at least 30 years” because U.S. copyright law gives artists and songwriters the right to terminate a copyright assignment after 35 years. The songwriters of “Home” and “Empty” may have the right to terminate the original copyright assignments, which occurred in 2017 and 2020, respectively, beginning in 2052 (35 years from 2017). Click here to learn more about copyright termination.

NOTE ABOUT SYNCHRONIZATION INCOME TYPE

Warner/Chappell reports YouTube streaming royalties in their Synchronization Income Type. In the LTM, $2,064 of royalties reported as Income Type - Synchronization are streaming royalties and not traditional one-time sync payments.