Posted on 06/20/2024 11:35:34 AM PDT by Macho MAGA Man
Absurd!
Wow im still paying off my Colombian house records deal
I have to agree R Man. Way too much, l fail to see how Sony recoups that much.
For the buyers, Its a lot like buying a TIPS bond - the royalties will pay out over the life of copyright protection, and can be periodically negotiated higher for inflation, new sources of revenue on the music found, and "re-mastering" done for new releases.
For the band, the surviving band members are in their mid-late 70s. I imagine its time for estate-planning, gifting, or setting up trusts while they are still alive.
Yikes!
Loved the music, but 1.2 BILLION?
Although, all the rest of us physicists are glad that one of us is a billionaire...
You might call Brian an astrobillionaire...
Why?
It’s only around 20x current earnings. That’s not too much.
Much better deal than half that for Springsteens crap.
Of course, that song is a bit pedo perverted.
Hey, I was just a skinny lad
Never knew no good from bad
But I knew life before I left my nursery (huh)
Left alone with big fat Fanny
She was such a naughty nanny
Heap big woman, you made a bad boy out of me
The prices paid for music catalogs are insane.
Since 1928, the return on the S&P 500 has averaged almost 10% per year.
How do you average $127 million in royalties EVERY year for Queen music?
On top of that, it is a business with fixed costs - probably several million per year.
Crazy.
If it is some billionaire who loves Queen, fine, its like a buying a painting you love.
But, $1.27 billion for a popular music business?
No thank you.
“Queen are more popular than either of those artists…”
Inappropriate grammar.
“It is.” “They are.”
On top of that, it is a business with fixed costs - probably several million per year.
Firstly, the fixed costs would be minimal. Need a lawyer, accountant and a couple of bookkeepers. But the department that manages these catalogs also mange others so the costs are spread among all of the catalogs.
As to another comment, SONY Records is essentially an American company, but the Japanese owners are culturally progressive folks who understand that the most important thing is that these catalogs make money, lots of it.
Most of their songs are YUCK!
You will see Queen themed commercials for EVERYTHING now.
British usage.
I disagree.
No dedicated advertising?
No dedicated creative marketing talent?
No defense against international piracy?
I will stick with several million per year.
Queen songs are probably gonna disappear off from Youtube.
Compared to Springsteen’s blubbering, they should have got 100X this much.
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