silverfoxx
Bitch mob
Anyone knows why alot of artists are doing this?
FEATURED Michael Jackson Estate Sells Half of Catalog For $1.2 Billion
- Thread starter Goldie
- Start date
test
Because you can usually make more off that one big sale than you would over time. At least in that person's lifetime.
ImaInfluenza
Who do you think you are? I am
Generational wealth isn’t money, it’s knowledgeMJ went from owning half of Sony's pub while alive, to his family selling back Sony's pub and HIS pub
ImaInfluenza
Who do you think you are? I am
Because A.I will make celebrities obsolete in a few years, gotta cash out while your stuff is still worth something.
loud-ninja
Here to point out the illogical
Copyrights are not forever. For music, it last for the life of the artist and 70years after the artist is dead.
Also, artist sell for different reasons. It is not a black thing at all. Bob dylan, shakira, neil young and others sold some of their catalog.
Also, artist sell for different reasons. It is not a black thing at all. Bob dylan, shakira, neil young and others sold some of their catalog.
Lou Cypher
The Tokin' White Guy
It's so funny that Michael named one of his sons Prince.
Based Dave 96
Stoned is the way of the walk.
w/o question that has to be the gayest name to call someone son.
Based Dave 96
Stoned is the way of the walk.
i bet Mike's brothers and sisters (not Janet) probably ask old Katherine for money on a regular basis.
You will prolly hear MJ's music on commercials and things now...
From the outside it seems a good deal as its looks like most of the kids dont earn alot of money themselves, so this will prolly set them up for life and they can keep 50% of MJ's catalog...
It likely down to MJ's mother planning for the future too, insuring everything is taken care of when she passes...
From the outside it seems a good deal as its looks like most of the kids dont earn alot of money themselves, so this will prolly set them up for life and they can keep 50% of MJ's catalog...
It likely down to MJ's mother planning for the future too, insuring everything is taken care of when she passes...
Bradshaw73
Active Member
They're both named Prince Michael Joseph Jackson
SeaSnake
OG
I really hear you but how many people just squander a billion? Can you even squander a billion. Nobody in his family is starving.
SneakDZA
The New Ho King
Because music streaming has completely destroyed the value of a single artist owning their own catalog. They are getting pennies on the dollar.
Lol, I mean shit, Michael Jackson at his peak was making like $2 per album sold and was paying for videos and studio time out of his own pocket.
Music publishing is pretty much like holding stock.
An individual owning 10 shares of Disney isn't making that much money off owning the stock. They gotta pay fees, taxes, take losses.
An hedge fund with 10,000 shares of Disney is making a decent amount of money just by owning the shit, then they have the capital to diversify, pay employees to analyze the market and etc.
Which is why an individual investor holding singular stocks instead of investing in index funds almost always fucking loses.
Music publishing companies are index funds.
You can go on royaltyexchange.com and buy a catalog for as low as 20k. You can see how much a hit song or a catalog from even returns in a year, it isn't much. You'll still need a full-time job.
Long story short, artists sell their catalog because they don't have the capital, scale and expertise to properly administer it to its fullest potential.
SeaSnake
OG
Bruh you would die from coke od
Jayjay2333
Member
Plus they all got thirty weird looking biracial kids each, and you know them niggaz all go to grandma house with they lil bleached hands out
mike030270
Memes
Is it a group ownership where they vote or something?
SneakDZA
The New Ho King
That's probably accurate.
PhenomTheMac
OG
You aint gotta wonder. He said he was proud to be a black man right out his own mouth