Jem Aswad Senior Music Editor Bruce Springsteen and Bob Dylan selling their catalogs for $600 million, Genesis and Phil Collins for $300 million, Stevie Nicks for $100 million — over the past few years dozens of artists have sold the rights to their music catalogs for eight or nine figures. There are all kinds of reasons why this is happening: Artists are getting older and are basically estate planning, the pandemic proved that copyrights can be a great investment, and the booming market is bringing more and more buyers and sellers to the table. But what do you do with that catalog once you’ve bought it? The old approach was to basically to sit and wait for the songs to make money — through radio, sales, use in films or TV shows or advertising campaigns, Broadway shows and lots of other ways.
Joey Ramone’s Publishing Catalog Acquired by Primary Wave for $10 Million
06.10.2022 - 17:59 / variety.com
Jem Aswad Senior Music Editor Primary Wave Music has acquired a major stake in Joey Ramone’s music-publishing assets for around $10 million, according to people close to the transaction. Terms of the deal include non-exclusive rights to license Joey Ramone’s name and likeness, as well as income for songs across the band’s repertoire of music; the news was first reported by the Wall Street Journal. While the music-catalog market has been booming for the past several years, with blockbuster deals for catalogs by Bob Dylan, Bruce Springsteen (both for around $600 million), Neil Young, Stevie Nicks, James Brown (all around the low nine figures) and more, this is possibly the first such deal for a punk-era artist, and could open up a new field of opportunity in a rapidly narrowing market.
Formed in 1974 in the New York City borough of Queens, the Ramones initially were lambasted early in their career for the deliberate simplicity of their music — a combination of power chords and pop hooks — but they were indisputably the pioneering punk-rock act and their music has lived far beyond its initial audience, with songs like “Blitzkreig Bop” and its infectious “Hey ho! Let’s go!” chorus being played everywhere from baseball stadiums to children’s movies (although usually minus the “Just shoot ‘em in the back now” following lyric). The simplicity of their songs — many of which barely passed the two-minute mark — was a deliberate reaction against the bloated solos and progressive-rock pretense of the early 1970s. While the Sex Pistols and other British groups are often considered the leaders of punk, a Ramones concert in London on July 4, 1976 is widely considered to be the “big bang” of British punk, as it was attended by dozens
One Liners: Adam Lambert, Pink, Joey Ramone, more
DEALSThe estate of Joey Ramone has sold a stake in its share of The Ramones’ songs catalogue to Primary Wave for $10 million, according to Billboard. “Joey Ramone was a total original – his songwriting style and voice are all undeniably unique and immediately recognisable still today”, says Primary Wave’s VP Business Affairs & Legal, Lexi Todd.
Joey Ramone’s estate sells singer’s publishing rights for £9million
Ramones singer Joey Ramone have sold a stake of his publishing rights for $10million (£8.9m).The sale comes as part of a new partnership between the Primary Wave Music publishing group and investment company Brookfield Asset Management.As the Wall Street Journal reports, the deal also includes non-exclusive rights to Ramone’s likeness and name. Included in the publishing deal are songwriting credits on many Ramones hits including ‘Judy Is A Punk’ and ‘I Wanna Be Sedated’.In a statement, the singer’s brother, Mitchel Hyman, said: “I’m thoroughly convinced of their eagerness to perpetuate his legacy, and their sincerity about doing it in a way that will never compromise his credibility.
Joey Ramone’s Music Catalog Sold for $10 Million to Primary Wave Publishing
$500 million Bruce Springsteen banked from selling his catalog to Sony last year and the $300 million Universal Music paid for Bob Dylan’s catalog in 2020, but may be the first such deal for a punk rocker. Estates and musicians from The Beach Boys to Michael Jackson have sold catalogs in recent years.The deal was reportedly struck by Primary Wave in a new partnership with Canadian mega-investment firm Brookfield Asset Management, an outgrowth of the fortune built by the Seagram Company that is best known for its massive real estate holdings, The Wall Street Journal reported.
Primary Wave Music Strikes $2 Billion Deal With Brookfield to Invest in Music Copyrights
Jem Aswad Senior Music Editor Primary Wave Music, a top player in the music-catalog and publishing boom, has joined forces with Brookfield Asset Management in a $2 billion deal to invest in music copyrights, the companies confirmed. The news was first reported by the Wall Street Journal. Brookfield, which is new the space, will take a significant minority interest in Primary Wave, and commit $1.7 billion to fund a permanent capital vehicle focused on acquiring music rights from top acts. Primary Wave Music is primarily a music publisher but has become a leader in the catalog-acquisition business with its ability to market those catalogs biographical films, Broadway shows, song interpolations and brand deals. Its assets include interests in the catalogs of Whitney Houston, James Brown, half of the Prince estate, Fleetwood Mac’s Stevie Nicks and more.
Phil Collins and Genesis sell publishing rights and masters for $300 million
It's been announced that Phil Collins and his fellow members of the rock band Genesis have sold a portion of the group's songs - including their publishing rights and master recordings - in a deal valued at more than $300 million.
Avicii’s Family Sells 75% of Late DJ’s Catalog to Pophouse
Jem Aswad Senior Music Editor The family of Avicii, the late, multi-platinum-selling Swedish DJ, has sold 75% of his master recordings and publishing to Pophouse Entertainment, the Stockholm-based company co-founded by ABBA’s Bjorn Ulvaeus, which is behind that group’s multi-million-dollar “Voyage” show in London and other enterprises. The family and estate will maintain ownership of the remaining 25%. Terms of the deal, which is estimated to be for nine figures, were not disclosed. According to the announcement, a joint venture has been created between the family and estate of Avicii (real name: Tim Bergling) and Pophouse “to safeguard Avicii’s indelible legacy through future global endeavours,” such as the interactive tribute museum in Stockholm, “Avicii Experience,” that Pophouse and the Bergling family together opened in February.
Gigi Hadid walks the runway in Milan with Leo DiCaprio’s ex in the front row
Gigi Hadid and Leonardo DiCaprio are still going strong. This past week, Hadid walked the runway at the Versace Fashion Show, with Leo’s ex, Camila Morrone, sitting at the front row of her show.Gigi Hadid’s dad Mohamed shares insight on rumors she’s dating Leonardo DiCaprioLauren Sanchez, Jeff Bezos & Leo DiCaprio attend Anna Wintour’s party in New YorkHadid looked focus as she walked down the runway, wearing an all black outfit with some striking eye shadow.Morrone was photographed in her front row seat. She was also wearing an all black outfit made up of a stylish corset, some pants and heels.
Khloé Kardashian Sparks Dating Rumors With 365 Days Actor Michele Morrone After Hanging Out in Milan
, the father of her two children, True and No Name (yet). Romance rumors spread after Italian actor Michele Morrone posted pics of himself and Khloé hanging out at the Dolce & Gabbana spring/summer 2023.
Khloe Kardashian Cozies Up to Actor Michele Morrone in Milan Amid Tristan Thompson Drama
personal drama is playing out on, Khloe Kardashian is moving on in Milan! The 38-year-old reality star attended Milan Fashion Week to support her sister, Kim Kardashian's Dolce & Gabbana collaboration over the weekend. But fans quickly noticed Khloe canoodling with actor Michele Morrone several times throughout the festivities. The 31-year-old Italian actor sat next to KoKo in the front row of the Dolce show on Saturday, and posed with the mother of two backstage in a tight embrace. Morrone posted the pic to his Instagram Stories featuring himself with his arm wrapped around Khloe's waist, pulling her in close as cameras snapped.
Kim Kardashian Sports Head-to-Toe Leopard Print Outfit for Dinner in Milan
Kim Kardashian is looking fierce on her night out!
Cate Blanchett Celebrates Armani During Milan Fashion Week 2022
Cate Blanchett steps out in a dazzling number for the 2022 CNMI Sustainable Fashion Awards during Milan Fashion Week on Sunday (September 25) in Milan, Italy.
Kim Kardashian Bows After Dolce & Gabbana Fashion Show In Milan: Collaboration ‘Felt Like a Dream’
Proud of her work. Kim Kardashian took a bow with designers Domenico Dolce and Stefano Gabbana after their Kim x Dolce & Gabbana runway show at Milan Fashion Week on Saturday, September 24.
Kim Kardashian Debuts Her 'Ciao, Kim' Collection at Dolce&Gabbana Milan Show
Kim Kardashian made a runway appearance during Milan Fashion Week!