Black Box CapitalRoyalty forensics
Pricing

Flat fees. No cut of your future.

The audit business is priced so the owner keeps nearly all of what we find. We charge once for the fix, take 25% of retroactive claims only, and never take a percentage of ongoing income. Prices are the plan's proposed list prices; nothing has been sold yet.

Under $15k a year

DIY report

Free
  • Leak dollars by type
  • Step-by-step self-registration guide
  • Optional link to an administrator (we may earn an affiliate fee, disclosed)
Run the audit
$15k-$250k a year

Fix package

$1,500 flat
  • Per-song fix list and CWR/bulk registration batch
  • Filed through a white-label publishing administrator
  • Claim-status portal through each source's lag
  • Range $750-1,500 by catalog size
Model my Fix
On top of Fix

Retro success fee

25% of retro only
  • Only on work/source pairs at $0 on the audit date
  • Measured on the administrator's statements
  • Deducted at source as a payee split, no invoices later
  • 0% of ongoing income
See an example
Attorneys & executors

Valuation & leak report

$2,000
  • For estate inventories, probate and divorce
  • Decay-fitted 10-year cash flow and leak schedule
  • Not a certified appraisal; a credentialed appraiser signs court-use reports
  • Range $1,500-3,000
Ask about a report

Your publishing administrator charges its own standard commission on the publishing share it collects (for example, Songtrust lists 15% on performance and 20% on non-performance income plus $100 per writer; Songtrust pricing, checked Nov 2026). We add nothing on top of it. Any referral share we receive would come from inside the administrator's commission, and would be disclosed.

Calculator 1

What a Fix leaves in your pocket.

Driven by the plan's assumptions in model.json. Move the sliders to your own numbers.

Owner economics over 36 months

Projection
Plan base 12%; 8% is the kill threshold; 18% upside.
The administrator's commission applies to this share only.
You keep, 36 months
$0
Our total fees
$0
    Calculator 2

    Direct cash offer vs. listing at auction.

    A seller who lists on a royalty marketplace at the ~6.0x median and pays a ~15% commission nets about 5.1x. A direct bid at 6.0x with no commission is a real improvement, if it closes. Compare for your catalog.

    Seller net proceeds

    Illustrative
    Minimum deal $75k, i.e. about $12.5k a year at 6.0x.
    Plan bid range 5.5-6.5x as-is.
    About a third of catalogs are reported declined on one marketplace (cited by our red team, not independently verified).
    Direct offer, cash at close
    $0
    Auction, expected net
    $0

    Sources: median ~6.0x across 2,453 priced deals (AltStreet); ~15% seller commission historically (Royalty Exchange). Our earnout uses the plan's assumed uplift (1.25x the eligible leak) and is an estimate, not an offer.

    Fine print, in plain words

    What we don't do.

    We don't take a percentage of your ongoing income.

    An earlier draft of the plan took 35-40% of found money. A red team pointed out that it stacked our fee on top of the administrator's. That structure is gone.

    We don't offer advances.

    Advance companies exist and the prototype prices an advance for comparison, but Black Box Capital does not lend against royalties in the current plan.

    We don't pay attorneys referral fees.

    Bar rules mostly prohibit it. Attorneys get a deliverable they need: the valuation report. Paid referral agreements go only to non-attorney business managers and CPAs, within state rules.

    We don't tell you "you're owed $X" before an audit.

    Marketing quotes only verifiable numbers from your own report. The estimate on our home page is labeled as a screen, with its assumptions.