Nov. 19 (Bloomberg) — Royalty Exchange Founder and CEO Sean Peace discusses investing in royalties with Mark Crumpton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)
ROYALTY EXCHANGE EXPANDS TO NASHVILLE, OFFERS NEW FINANCIAL OPTIONS FOR MUSICIANS
Industry Veteran Preston Sullivan to Lead Business Development Efforts
RALEIGH, N.C. (Oct. 31, 2013) – Royalty Exchange announced today the launch of operations in Nashville, Tenn., giving the company an important presence in the heart of the music industry. The Music City office, led by industry veteran Preston Sullivan, is located in the “The Gulch,” a thriving business and entertainment district in downtown Nashville. Joining offices in Raleigh, N.C., Los Angeles and New York, the new location continues the ongoing national expansion of Royalty Exchange, the first online marketplace for buying and selling royalties from entertainment and other industries.
Sullivan, who joins Royalty Exchange as Vice President of East Coast Sales and Acquisitions, has deep roots in Nashville cultivated over 35 years in the music, entertainment and technology industries. With a background as a successful musician and producer, Sullivan started and ran entrepreneurial ventures from Nashville to L.A., including two music publishing companies. He also launched college rock label Carlyle Records in Nashville and Amsterdam, and was in-house producer and studio manager for Sixteenth Avenue Sound whose world-renowned clients recorded over 80 platinum and gold records.
“I am very excited to be a part of the visionary team at Royalty Exchange,” said Sullivan. “This opportunity will allow me to provide a very safe, transparent new funding source to our creative community as well as all royalty stream holders across a wide spectrum of sources, helping them strengthen their current businesses, launch new ventures or simply take care of their families.”
In 1997, Sullivan jumped into the technology sector and co-founded the online startup Tappedinto.com, which became Streamlogics, a pioneer in webcasting and streaming video. Sullivan led global business development for the company which resulted in a profitable sale in 2009 to Thomson Reuters. He was most recently Senior Director at Nashville-based Global Eyes Entertainment, working alongside his wife, Global Eyes founder Ramona E. Simmons.
“We are very lucky to add Preston Sullivan to the Royalty Exchange team,” said Sean Peace, Royalty Exchange founder and CEO. “His remarkable range of experience will be invaluable to our company, our clients, and our future development.”
Sullivan graduated from Vanderbilt University where he and his brother both played football and were members of the 1974 Peach Bowl team.
Royalty Exchange and Loud And Proud Records Partner To Provide Artists With Innovative Financial Alternatives
Label CEO Tom Lipsky, Instrumental in Success of Releases by Veteran Acts Neil Young, Lynyrd Skynyrd, Styx, Iron Maiden and Others, Joins Royalty Exchange Advisory Board
RALEIGH, N.C., Oct. 16, 2013 /PRNewswire/ – Royalty Exchange, an online auction marketplace for music and entertainment royalties, and Lipsky Music LLC, the parent company of independent record label Loud & Proud Records led by industry veteran Tom Lipsky, today announced a strategic partnership that will incorporate the innovative financial resources of Royalty Exchange into the music company’s comprehensive array of artist services. Royalty Exchange also announced that Lipsky has joined its Board of Advisors.
Labels under Lipsky’s direction in the past (CMC International Records, Sanctuary Records Group) have been among the market leaders in the veteran artist space, achieving Gold and Platinum with Neil Young, Lynyrd Skynyrd, KISS, The Allman Brothers Band, Widespread Panic, Iron Maiden, Styx, Megadeth, Bad Company and more. In a previous joint venture with Roadrunner Records, Loud & Proud was responsible for new albums by Rush, Lenny Kravitz, Rob Zombie, Lynyrd Skynyrd, KISS, Kenny Wayne Shepherd and The Steve Miller Band. Loud & Proud’s current roster includes critically-acclaimed singer/songwriter Willie Nile, supergroup rock band The Winery Dogs, Seattle’s artistic envelope-pushers Walking Papers and classic rockers Starship featuring Mickey Thomas.
Royalty Exchange offers artists enhanced flexibility, choice and control regarding one of their most valuable assets – royalties, enabling songwriters, artists and producers the option of liquidating any percentage of a royalty asset in order to raise capital that traditionally has only been available through loans or advances, often at high interest rates. Royalties are packaged as an alternative investment and sold through a secure online auction platform, generating sale prices many times higher than the average annual income they earn.
“Loud & Proud offers artists true and transparent global partnerships, along with the opportunity to enjoy ownership of the music that they create,” states Lipsky. “We want to provide the creative community with innovative and flexible ways to maximize the value of their assets. This alliance with Royalty Exchange does exactly that, and it is a perfect extension of our artist-label business model.”
Royalty Exchange is the first company in the music industry to offer royalty valuation and sales alternatives to artists, and is also a pioneer in the concept of securitization of song royalties. The company is developing a model that will allow buyers to purchase shares of song royalties, potentially driving the market value of those assets even higher. Loud & Proud Records is the first music label to incorporate Royalty Exchange services into its operations as an artist resource.
“We are pleased to have Tom Lipsky and Loud & Proud partnering with our organization,” said Sean Peace, Royalty Exchange founder and CEO. “Tom has always had a remarkable ability to provide his clients with the best services in the music industry. His insight and thought leadership will be invaluable to Royalty Exchange as we continue to evolve.”
About Royalty Exchange
Founded in 2011, Royalty Exchange is a secure, transparent and efficient online marketplace for buyers and sellers of royalty revenue streams in music, entertainment, publishing, patents and trademarks. This alternative investment platform was created to open up access to these highly lucrative assets and offer liquidity to the market. Royalty Exchange is owned and operated by veteran royalty rights experts and is advised by global leaders in the legal, financial, and technology industries. For more information on Royalty Exchange, please visit www.royaltyexchange.com.
About Loud & Proud Records
Loud & Proud Records is an independent record label founded in 2007 by Tom Lipsky. The label is distributed in the U.S. and Canada by RED Distribution, a division of Sony Music Entertainment. Loud & Proud’s international distribution network includes Sony Music Entertainment Germany, Sony Music Entertainment France, Sony Music Entertainment Australia, RSK Entertainment Ltd. (UK) and RSK Affiliates in select member countries of the EU. The label’s mission is to provide a true and transparent partnership between artists and their record label. Loud & Proud Records is a registered trademark of Lipsky Music LLC. For more information on Loud & Proud Records, please visit www.loudandproudrecords.com.
In our first music royalty stream in the country genre, we are exited to announce our newest listing: the Travis Tritt Collection! This listing shows incredible stability and potential upside on the financial side, as well as, the opportunity to own some of the most popular country songs of all time. The royalties are being provided by the legendary producer, Gregg Brown.
Here is an overview of the listing:
Starting Bid: $100,000
Average Yearly Royalties: $19,000
% of Ownership at Auction: 75%
Auction Dates: 7/4/2013 – 7/11/2013
This listing includes royalties from the albums T-R-O-U-B-L-E, Country Club, It’s All About to Change, and Ten Feet Tall and Bulletproof, as well as, Tritt’s Billboard number one singles “Help Me Hold On”, “Anymore”, “Can I Trust You With My Heart” and “Foolish Pride”.
Travis Tritt is one of the most successful country music stars of the past 20 years and with seven of his albums certified platinum or higher by the RIAA, Tritt has charted more than 40 times on the Hot Country Songs charts, including five number ones — “Help Me Hold On,” “Anymore,” “Can I Trust You with My Heart”, “Foolish Pride”, and “Best of Intentions” — and 15 additional top ten singles. He has also received two Grammy Awards, both for Best Country Collaboration with Vocals: in 1992 for “The Whiskey Ain’t Workin’,” a duet with Marty Stuart, and again in 1998 for “Same Old Train”, a collaboration with Stuart and nine other artists. In addition, he has received four awards from the Country Music Association, and has been a member of the Grand Ole Opry since 1992.
The seller of this listing is the legendary producer Gregg Brown and the royalties are payable from Warner Brothers Records.
- “Anymore” by Travis Tritt
- “Help Me Hold On” by Travis Tritt
- “Can I Trust You With My Heart” by Travis Tritt
- “Foolish Pride” by Travis Tritt
This article originally appeared on CNN.com on December 21, 2012. Written by Alan Duke
Los Angeles (CNN) – Looking for that special Christmas gift for the Judy Garland fan who has everything? Consider giving them the U.S. rights to the legendary actress-singer’s television variety series.
“This would be a great Christmas gift for somebody,” said Darryl Payne, a music producer who bought the rights in 1998 from Sam Luft, Garland’s former husband.
“The Judy Garland Show,” which cost CBS $24 million in 1963, is being auctioned this weekend with a starting bid of $1 million. The bidding, conducted online by The Royalty Exchange, is set to end Sunday afternoon.
“You get Judy Garland,” Payne said. “She’s singing, she’s dancing. You get all the biggest stars of that era.”
Then-rising star Barbra Streisand sang a memorable duet with Garland in one episode, before the singer filmed “Funny Girl,” her breakout movie. The appearance earned Streisand her first Emmy nomination.
Garland’s daughter Liza Minelli, then 17, was a guest, along with many other entertainment legends: Tony Bennett, Lena Horne, Peggy Lee, Count Basie, Mickey Rooney, Ethel Merman, Bob Newhart, Donald O’Connor, Steve Allen, Jane Powell, Peter Lawford, Vic Damone and Jack Jones.
While clips of the series have been licensed over the years, the episodes have not been shown on television since the series was canceled in March 1964, Payne said.
The buyer can sell DVDs or rebroadcast in the United States the 26 star-filled episodes hosted by Garland for a season on CBS starting in 1963. The new owner could also license the series for streaming online or downloading, Payne said.
The remastered digitized video also includes never-before-seen outtakes from the show, Payne said.
Garland died of a drug overdose at age 47, five years after the series was taken off the air.
In the midst of our Judy Garland Show auction and a number of entertainment streams up for auction, The Royalty Exchange and our Judy Garland Show listing were featured on the Fox Business’ “After the Show” last week!
The interview, featuring Darryl Payne (seller of The Judy Garland Show rights), was the featured guest. In addition to discussing the auction itself, the interview also highlighted the advantages of investing in royalties at The Royalty Exchange.
The show originally aired on Friday December 14, 2012 at 4:00 PM
Here is the clip:
After having such a great weekend at the TAXI Road Rally 2012, we wanted to post a couple of pictures of our Reggie Calloway at the conference!
TAXI is the world’s leading Artist and Repertoire Company. Since 1992, TAXI has specialized in giving artists, bands and songwriters real access to the people in the music business who have the power to sign deals.
Every year, TAXI holds a Road Rally to showcase new talent, conduct seminars and educate the music professionals about new aspects of the industry. Overall, it is one of the best places to be in the music biz!
Reggie spoke on Friday at 11:00 AM and on Sunday at 4:30 PM.
Here are the photos from the event:
“Ron Harris, Reggie Calloway and R
Based on feedback from buyers and sellers, The Royalty Exchange (TRE) has revised their percentages as we continue our tremendous growth. As you will see with the changes, we definitely think you will like them! Here they are:
Buyers Fees – are reduced to 2.5% (previously 10%) of the final auction price
Management Fees – are reduced to 2.5% (previously 5%)
Sellers Fees – will remain 12.5%, however, this fee will now start to scale down for items $100K and larger
Legal Transfer Fees – Minimum of $500 (*Each auction listing will have the minimum fee listed on the auction).
*The legal transfer fees can increase based on the type of auction and is an estimate of the final fee. If the buyer makes any changes to our standard agreements, they will be responsible for all legal fee associated with those changes at our counsel’s standard rates.
After adding the initial Brian Tarquin a couple of weeks ago, we’ve decided to split the catalog into three unique auctions! Here is more info about each of the auctions: Continue reading