UK-based music group, Round Hill Music Royalty, released a statement on the acquisition of The O’Jays master royalty income, “100% of the master royalty income of 532 original recordings” that The O’Jays have released across their 29 studio albums (besides a number of non-album singles).” The O’Jays’ are initially from Canton, Ohio, and included in the catalog acquisition includes such hits as “Forever Mine” (1979), “For the Love of Money” (1973), “Love Train” (1972), and “Back Stabbers” (1972).” Sony Music still retains the rights to the bands’ original label, the Philadelphia International Records. 

“Streaming, Round Hill said, accounts for 64 percent of The O’Jays’ recorded income; the group commands 2.37 million monthly listeners on Spotify, with 136 million streams thus far for “Love Train.” Sync generates 17 percent of the songs’ revenue, followed by a noteworthy 10 percent for downloads, six percent for “other,” and three percent for physical. A sizable 88 percent of the revenue derives from U.S. fans, with “Love Train,” “Forever Mine,” and “For the Love of Money,” leading the pack in income, respectively.”

“We are very happy we found Round Hill to look after our lifelong catalogue,” said original O’Jays members Levert and Williams in a statement. “We would like to thank Josh Gruss, Robin Godfrey-Cass, Michael Selverne, our management company 21st Century Artists, Toby Ludwig and our attorney Dorothy Weber.”

“We are pleased to be able to secure this exceptionally high quality catalogue, which will make a fantastic addition to the landmark portfolio of timeless music we are constructing for RHM, to support predictable and consistent revenue streams,” Gruss said in part. “We look forward to updating Shareholders further on our near-term pipeline of exciting opportunities.”

 

– Excerpt from an article for Digital Music News by Dylan Smith. Read the full article here.

___________________________________________________________________

Disclaimer: Please note that the information contained within this news post and site is offered simply as a consideration to visitors who are in the entertainment industry and are seeking to learn more about various areas of entertainment, be it in film, movies, television, music, digital, new media, film financing, merchandising and/or branding. As such, the information so provided should never be construed as legal advice. If you need further assistance or legal advice for your specific matter, please do not hesitate in contacting an entertainment attorney (film, music, digital, licensing, financing) here in Los Angeles, California at The Hollywood Lawyer by(1) emailing us at info@hollywoodlawyer.com; (2) calling us at (323) 300-4184; or (3) filling out our online form. thehollywoodlawyer.com

Related Posts

Leave a Reply