Details
Rights:
Master, PublishingType:
Participation Rights
Rights Holder:
Global Rockstar
Status:
Released
Release Date:
04/11/2022
Contract Address:
Token Standard:
ERC1155
Blockchain:
Polygon
Price:
25.00 €
Break-even:
8.9 Million Streams on Spotify
Details
Rights:
Master, PublishingType:
Participation Rights
Rights Holder:
Global Rockstar
Status:
Released
Release Date:
04/11/2022
Contract Address:
Token Standard:
ERC1155
Blockchain:
Polygon
Price:
25.00 €
Break-even:
8.9 Million Streams on Spotify
Description
" 'Obsessed' is one of the songs I wrote at Global Rockstar’s first songwriting week. I wanted to write a song about something we all are a bit too familiar with. Social Media. 'Spending my days all alone, I’m in bed but on my phone, I’m creating my own clone - I’m obsessed.' The song tells the story of one being glued to their phone, living in that digital world they created themselves and losing themselves in it. It is something we all are aware of, but seem to take quite lightly. Because sometimes it’s just easier to forget the real world and pretend the one on our phones is the only one that exists." - Felicia Lu
You get
- Net Proceeds from the commercial exploitation of the master rights and publishing rights of the recording and the song ''Obsessed" for 70 years.
- Net Proceeds master rights: All incurring revenues from the exploitation of the master rights (streams, downloads, sync rights – when used for commercials or in movies) less taxes (if applicable) and less a firm distribution fee of 25%.
- Net Proceeds publishing rights: All incurring revenues from the exploitation of the publishing rights (from the publisher’s share from radio plays, live performances and sync rights) less taxes (if applicable) and less a firm handling fee of 10%.
- You will receive your first proceed statement from streams and downloads approx. 4 months after the release, followed by monthly statements. After that, you will be able to see your earnings on the dashboard of your account and withdraw your earnings or reinvest them in other Projects.
- Revenues from publishing rights will be distributed after our receipt from the collecting societies of the different countries where the track is played on radios and TV. Please note that the collection of these revenues might take up to 1,5 years from the time that the track is played on the radio.
preview Proceeds AgreementINFORMATIONSBLATT NACH AltFGAbout Felicia Lu
Description
" 'Obsessed' is one of the songs I wrote at Global Rockstar’s first songwriting week. I wanted to write a song about something we all are a bit too familiar with. Social Media. 'Spending my days all alone, I’m in bed but on my phone, I’m creating my own clone - I’m obsessed.' The song tells the story of one being glued to their phone, living in that digital world they created themselves and losing themselves in it. It is something we all are aware of, but seem to take quite lightly. Because sometimes it’s just easier to forget the real world and pretend the one on our phones is the only one that exists." - Felicia Lu
About Felicia Lu
You get
- Net Proceeds from the commercial exploitation of the master rights and publishing rights of the recording and the song ''Obsessed" for 70 years.
- Net Proceeds master rights: All incurring revenues from the exploitation of the master rights (streams, downloads, sync rights – when used for commercials or in movies) less taxes (if applicable) and less a firm distribution fee of 25%.
- Net Proceeds publishing rights: All incurring revenues from the exploitation of the publishing rights (from the publisher’s share from radio plays, live performances and sync rights) less taxes (if applicable) and less a firm handling fee of 10%.
- You will receive your first proceed statement from streams and downloads approx. 4 months after the release, followed by monthly statements. After that, you will be able to see your earnings on the dashboard of your account and withdraw your earnings or reinvest them in other Projects.
- Revenues from publishing rights will be distributed after our receipt from the collecting societies of the different countries where the track is played on radios and TV. Please note that the collection of these revenues might take up to 1,5 years from the time that the track is played on the radio.
INFORMATIONSBLATT NACH AltFGDon’t miss out on investment opportunities!
“We envision a world where everyone benefits from the success of music: artists, creators, music rights owners and fans.”
Global Rockstar is a Fintech company & music rights marketplace which allows fans and retail investors to become shareholders in hit songs while offering artists and rights owners a new financing ecosystem via crowd-investing.
Fans and retail investors can purchase the rights to participate in revenues from newly created and already existing music rights, and secure the purchased rights including conjoined digital cover artwork animations as smart contracts in the blockchain. .
Disclaimer: In addition to offering a great opportunity, an investment in a song also entails risks. Nobody can know for sure if a song becomes a hit and you might not recoup your investment within the desired time frame, or in the worst case, at all. The history of music shows: While a big majority or releases do not even recoup their production costs, one becomes a huge hit. Therefore, we advise splitting your investments into several opportunities.
Investors are aware, that the concrete investments is no savings product and that they bear the risk to lose this invested money partially, in total or that they potentially do not earn a return on their investment.
Investors are also aware that the investment is not secured through a security instrument or an official deposit protection system. For further information, please read the risk notice contained in the “Informationsblatt für Anleger” (for Austrians only).
