Ownership

EMI is 100% owner of the copyright to the Theme for "I Wanna Be Free" and they pay 50% of the Royalties to Tommy Boyce and Bobby Hart collectively. The seller is the widow of Tommy Boyce, Caroline Boyce, who splits 50/50 of Tommy's portion with his heirs. Only the royalties from the Publisher EMI are available at this Auction.

Breakdown of Revenue

Traditionally, when discussing a song's income stream, 50% of the songs earnings have been deemed a so-called "Publishers Share" and other 50% is the so-called "Writers Share". We are selling the "Writers Share" in this transaction. See the link below for more information on how this works but please consult your legal advisor for a complete explaination.

Lee Ann Obringer. "How Music Royalties Work". May 24, 2003

Breakdown of the Sellers Percentage

SongVest normally only sells a percentage of the writers share of income. Purchasing the actual copyright is a much more complex sale and to buy the publishing you have to either start, already own, or find a publishing company. As such, we are focusing intially on the writers share because it deals solely with the income interest with no rights of administration or control. There is no obligation to the buyer to do anything but cash checks and admire their purchase.

The writers share is broken down into these areas:

Breakdown of what is at Auction:

4 Units @ 3% of the Writers Share

Each unit equates to 3% of the royalties that the seller recieves from Publisher EMI. This includes Mechanicals, Downloads, Ringtones, Synchronization and Sheet Music. It does not include Performance.

Royalty Information

Legal Disclaimer: SongVest relies 100% on the seller to provide royalty information about the songs we list at auction. Neither the seller nor SongVest can predict how much, if any, a song will generate in future royalties. Due to the uncertain nature of song usage, it is suggested that potential royalty stream revenue not be the sole motivation for making a purchase. Moreover, purchasers are strongly encouraged to do their own investigation into the performance or a particular song and the applicable copyright laws. SongVest in no way endorses the seller's statements listed above, nor does it make any warranty on the representation as to the rights transferred. By participating in any transaction, buyers and sellers expressly acknowledge that they have been encouraged to have the adequate opportunity to consult legal counsel of their own choosing or have voluntarily refrained from doing so.