UK Radio and Worldwide Television Placements

How This Investment Works. As the winning bidder, you will collect payments totaling $290,000.00 on the following schedule:
 

Payment Year – Annual Cap

Payment Year 1 – $82,000

Payment Year 2 – $76,000

Payment Year 3 – $70,000

Payment Year 4 – $62,000

If the buyer’s payments within a given Payment Year do not reach the Annual Cap, the subsequent Payment Year's Annual Cap shall be increased by the amount of the prior Payment Year's shortfall. If the total Recoupment Amount is not reached by the end of Payment Year 4, the buyer shall collect -- uncapped -- 100% of payments for the Assigned Royalties until the Recoupment Amount is reached.

Early Repayment. The seller will retain the right to repay the advance balance in full at any point in the term. For example, if the buyer has collected $82,000 for Payment Year 1, the seller may pay the balance of $208,000 in order to satisfy the terms of the advance and reclaim the royalty stream in full.

Note About Earnings. The earnings from "Radio" are largely attributable to the use of "X Bedz" as a theme/bumper for prominent DJ Chris Moyles. His program is on air six days a week as of the time of this listing's publication. He has been under contract with Radio X since 2015. Moyles is under contract for another three years.

Exchange Rates. Royalties for this asset are reported by PRS in Great British Pounds (GBP). To calculate royalty payments in U.S. Dollars (USD), Royalty Exchange applies the average historical exchange rate for the distribution month (via X-rates.com).

Future royalties will be paid to Royalty Exchange in GBP converted to USD upon receipt, and then paid in USD to the winning investor. The receiving bank may increase the exchange rate by up to 2.5% as a transaction fee. Assets paid in foreign currency entail additional risk as foreign exchange rate changes will cause fluctuations in future cash flows. 

Distribution Schedule. PRS regularly distributes royalties four times per year: April, July, October, and December. PRS may pay "out of cycle" distributions at various times of the year. These dates are estimated (not fixed) and can vary throughout the year. As the winning bidder, you'll be entitled to all regularly scheduled and "out of cycle" distributions. 

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