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Ownership Mark Hudson, Steven Tyler and Joe Perry are the sole writers to the song "Gotta Love It". Mark Hudson is the seller in 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
What You Are Buying 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 pieces.
We are selling 25% of the sellers writers share, highlighted in the above pie chart.
Royalty Information Because the royalty information for all artists and songwriters are very personal in nature, SongVest needs to keep this information as confidential as possible. To that end, we have placed that information on a password protected area of the website. To view this information, you will need to download the Non-Disclosure Agreement (NDA), fill in the form and then press the email button on the form to send it back. (You will need Adobe Acrobat reader to view) You will then be sent a password to view the financial information via the link below. Please be aware that each time you view the financials, your unique userid and password will be logged as well as the ip address of your computer. Do not give this password out to other people as this will put you in breach of the NDA and we will be able to track who gave out the password.
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. |